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🇺🇸 NASDAQ:WATT

Overview Earnings Dividends

Nov 12, 2024

•

Sep 30, 2024

Energous Q3 2024 Earnings Report

Energous Wireless Power Solutions reported financial results for the third quarter of 2024 and provided an update on recent partnerships and company highlights.

Key Takeaways

Energous Wireless Power Solutions reported their Q3 2024 financial results, highlighting sales momentum and increased interest in their Wireless Power Network (WPN) technology, as they focus on commercial accounts, demonstrating the value of their solutions, and optimizing operations.

Focused on gaining traction with significant commercial accounts.

Demonstrated the value of wireless power network solutions to businesses.

Optimized operations, balancing infrastructure cost reductions with strategic investments in scalable growth.

Experienced sales momentum and increased interest in WPN technology.

Total Revenue

$230K

Previous year: $169K

+36.3%

EPS

-$0.48

Previous year: -$0.89

-46.1%

Gross Profit

-$126K

Previous year: $72.9K

-272.9%

Cash and Equivalents

$1.45M

Previous year: $16.6M

-91.2%

Free Cash Flow

-$4.11M

Previous year: -$4.27M

-3.6%

Total Assets

$3.95M

Previous year: $19.6M

-79.8%

Energous

Energous

Forward Guidance

No specific forward guidance was provided in the press release.

Company Overview

Full financial data and analysis