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Mar 31, 2021
Energous Q1 2021 Earnings Report
Reported financial results for the first quarter ended March 31, 2021.
Key Takeaways
Energous Corporation reported revenue of $145,065 and a net loss of $8.5 million, or $0.14 per basic and diluted share, for the first quarter ended March 31, 2021. The company's cash and cash equivalents totaled $44.8 million at the end of the quarter.
Energous achieved European regulatory approval for its WattUp PowerHub with unlimited distance restrictions.
Energous partnered with e-peas to advance at-a-distance wireless charging applications greater than one meter.
Energous partnered with Thinfilm to enable ultrathin, reliable, wirelessly rechargeable devices.
The company is seeing growing interest in RF charging from consumer, IoT, medical and industrial device manufacturers.
Forward Guidance
Energous will host a conference call to discuss its financial results, recent progress and prospects for the future.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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