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Dec 31, 2023
Energous Q4 2023 Earnings Report
Announced financial results for the year ended December 31, 2023.
Key Takeaways
Energous Corporation reported its 2023 financial results, highlighting a reduction in cost of revenue leading to a 41% gross margin compared to a negative 50% in the prior year. The company is focused on improving cash flow through sales, gross margin improvements, and spending reductions in 2024.
Advanced in attracting more customers to unique solutions.
Successfully reduced cost of revenue.
Achieved a 41% gross margin.
Focusing on improving cash flow through sales, improving gross margins, and reductions in spending in 2024.
Energous
Energous
Forward Guidance
Energous will continue to focus on opportunities to improve cash flow through sales, improving gross margins, and reductions in spending in 2024.