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Mar 31, 2020
Energous Q1 2020 Earnings Report
Announced first quarter 2020 financial results, which reflected tangible technological progress and increased interest from consumer electronics and industrial IoT manufacturers.
Key Takeaways
Energous Corporation reported first quarter revenue of $61,475 and a net loss of $8.6 million, or $(0.25) per share. The company ended the quarter with $20.0 million in cash and cash equivalents.
Received FCC certification for new over-the-air, power-at-a-distance wireless charging technology.
Announced the availability of the WattUp PowerHub developer kit.
Announced partnership with 28Gorilla to develop a wirelessly charged equestrian health tracking sensor for American Equus
Executing despite headwinds created by the pandemic and are seeing increased interest from consumer electronics and industrial IoT manufacturers.
Energous
Energous
Forward Guidance
No specific forward guidance was provided in the release.