Energous Q2 GAAP net loss narrows to $2.9 million year over year; revenue rises 217% to $3.1 million
WATT•Cash position and product updates
- Cash and cash equivalents totaled $31.2 million at June 30; it does not plan to use its ATM program over 12 months.
- FCC certified PowerBridge Pro+; shipments since 2024 topped 56,000 transmitters, with no product returns for PowerBridge Pro since 2024.
Q2 revenue rises while net loss narrows
- Energous posted Q2 revenue of $3.1 million, more than doubled from a year earlier, marking a sixth straight quarterly increase.
- GAAP net loss widened to $2.9 million; GAAP loss per share narrowed to $0.53 on a higher share count.
- Six-month revenue climbed to $6.2 million, up 368% year over year; gross margin was 19%.
