Loading...
•
Sep 30, 2022
Energous Q3 2022 Earnings Report
Revenue increased by 11% year-over-year, partnerships were forged, and regulatory approvals were secured.
Key Takeaways
Energous Corporation reported a revenue increase of approximately 11% compared to the third quarter of 2021. The company also continued to advance its technology through key partnerships and regulatory approvals.
Revenue was approximately $223,000, up nearly 11% from the 2021 third quarter.
Net loss was approximately $(6.0) million, or $(0.08) per basic and diluted share.
Net non-GAAP loss was approximately $(5.2) million.
Cash and cash equivalents were approximately $30.4 million at the end of the third quarter, with no debt.
Energous
Energous
Forward Guidance
Focus is on driving new deployments among customers to highlight the value of RF-based wireless power networks for IoT technology.