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Mar 31
Energous Q1 2025 Earnings Report
reported financial results for the first quarter ended March 31, 2025
Key Takeaways
Energous Wireless Power Solutions experienced significant revenue growth in Q1 2025, with a 436% increase year-over-year, primarily driven by increased adoption of their PowerBridge transmitter systems. The company also improved gross profit and reduced operating expenses and net loss compared to the prior year.
Revenue for Q1 2025 was $0.3 million, a 436% increase compared to Q1 2024.
Gross profit for Q1 2025 was approximately $0.1 million, a significant improvement from a gross loss in Q1 2024.
GAAP operating expenses for Q1 2025 decreased by 44% year-over-year to $3.7 million.
Net loss for Q1 2025 was approximately $(3.4) million, a significant improvement from $(6.6) million in Q1 2024.
Energous
Energous
Forward Guidance
The company expects continued steady growth of revenue in the coming quarters as they strengthen customer relationships and introduce new products. They also plan to continue executing strategic initiatives, including creating an efficient infrastructure and fortifying partner relationships.
Positive Outlook
- Expect continued steady growth of revenue in the coming quarters.
- Strengthening relationships with key customers.
- Securing new customers.
- Continuing to introduce innovative new products.
- Accelerating a multi-stage infrastructure modernization project with a Fortune 10 multinational retailer.