Loading...
•
Sep 30, 2021
Energous Q3 2021 Earnings Report
Energous reported increased revenue and progress in regulatory approvals during Q3 2021.
Key Takeaways
Energous Corporation reported increased revenue in Q3 2021 compared to the same period last year and highlighted progress in regulatory approvals and partnerships.
Revenue increased to $250,000 in Q3 2021, up from $63,000 in Q3 2020.
Net loss for Q3 2021 was $11.7 million, compared to $8.9 million in Q3 2020.
Progress made on regulatory approvals in key markets.
Continued focus on strategic partnerships and technology development.
Energous
Energous
Forward Guidance
Energous anticipates continued progress in regulatory approvals, partnerships, and technology development.
Positive Outlook
- Advancing regulatory approvals for its wireless power transfer technology.
- Expanding strategic partnerships to broaden market reach.
- Continuing to innovate and develop new wireless power solutions.
- Focusing on key markets and applications for its technology.
- Increasing adoption of wireless charging ecosystem.
Challenges Ahead
- Uncertainties regarding the timing and outcome of regulatory approvals.
- Competition in the wireless power transfer market.
- Potential delays in product development and commercialization.
- Dependence on strategic partners for market access and distribution.
- Risk of slower than expected market adoption of wireless power technology.