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Jun 30, 2023
Energous Q2 2023 Earnings Report
Energous reported a net loss of $4.0 million and revenue of $0.117 million, a 21% increase over Q1 2023.
Key Takeaways
Energous Corporation reported second-quarter results, with revenue increasing by 21% compared to the previous quarter. The company continues to focus on its wireless charging technology and partnerships.
Revenue was approximately $117,133, a 21% increase over Q1 2023
Net loss was approximately $(4.0) million, or $(0.04) per basic and diluted share
Adjusted net non-GAAP loss was approximately $(5.3) million
Cash and cash equivalents totaled approximately $20.0 million at the end of the second quarter
Energous
Energous
Forward Guidance
Energous will host a conference call to discuss second-quarter financial results, recent progress and prospects for the future.