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Mar 31, 2024
Energous Q1 2024 Earnings Report
Announced financial results for the three months ended March 31, 2024, and provided an update on recent partnerships and company highlights.
Key Takeaways
Energous Corporation reported first quarter 2024 financial results, highlighting efforts to streamline business operations, reduce costs, and transition proofs of concept to deployment phase, while also establishing new relationships with key technology partners for IoT deployments.
Continuing to deliver on plan to streamline business operations and reduce costs.
Focusing on transitioning several key proofs of concept to a deployment phase.
Established new relationships with key technology partners who are working to integrate Energous powered OTA networks into IoT deployments for their multinational retailer customers.
Believes IoT is a game changer for retail organizations, who are using this technology to enable data-driven decision making, improve customer engagement, and streamline operations.
Energous
Energous
Forward Guidance
The press release contains forward-looking statements regarding future plans and expectations, which are based on current beliefs, expectations and assumptions of Energous.