Loading...
•
Mar 31, 2022
Energous Q1 2022 Earnings Report
Energous reported increased revenue compared to the previous year and secured regulatory approvals in China and Canada.
Key Takeaways
Energous Corporation reported first-quarter revenue of $216,000, a significant increase from $145,000 in the first quarter of 2021. The company's net loss was $(7.2) million, or $(0.09) per share, and net non-GAAP loss was $(6.3) million. They ended the quarter with $42.8 million in cash and cash equivalents.
Revenue increased significantly to $216,000 compared to $145,000 in Q1 2021.
Net loss was $(7.2) million, or $(0.09) per share.
Net non-GAAP loss was $(6.3) million.
Cash and cash equivalents totaled $42.8 million at the end of the quarter.
Energous
Energous
Forward Guidance
Company is pleased to report that in the 2022 first quarter, they fulfilled additional orders of WattUp PowerBridges and established new partner relationships with Atmosic Technologies, WiGL and Syntiant.