Energous' Q3 Loss Narrows Year Over Year, Revenues Increase

Zacks11-13 23:08

Energous Corporation WATT incurred a loss of 50 cents per share in third-quarter 2024. The company had reported a loss of 83 cents per share in the year-ago quarter.Energous reported net revenues of $...

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The company had reported a loss of 83 cents per share in the year-ago quarter.Energous reported net revenues of $...</p>\n\n<a href=\"https://finance.yahoo.com/news/energous-q3-loss-narrows-over-150800311.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energous' Q3 Loss Narrows Year Over Year, Revenues Increase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnergous' Q3 Loss Narrows Year Over Year, Revenues Increase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 23:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/energous-q3-loss-narrows-over-150800311.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Energous Corporation WATT incurred a loss of 50 cents per share in third-quarter 2024. The company had reported a loss of 83 cents per share in the year-ago quarter.Energous reported net revenues of $...</p>\n\n<a href=\"https://finance.yahoo.com/news/energous-q3-loss-narrows-over-150800311.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WATT","symbol_name":"Energous Corp","start_time":0,"source_url":"https://finance.yahoo.com/news/energous-q3-loss-narrows-over-150800311.html","article_id":"2483834596","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0jTwUd3kH4lL76P40JXVvQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5c4eef64cb3687ce10b8a919a298b51f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483834596","pubTimestamp":1731510480,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Energous Corporation WATT incurred a loss of 50 cents per share in third-quarter 2024. The company had reported a loss of 83 cents per share in the year-ago quarter.Energous reported net revenues of $230 thousand. The top line increased 36.1% year over year, driven by higher commercial Power Bridge transmitter system shipments. As of Nov. 8, 2024, the company had $0.2 million in backlog.Stay up-to-date with all quarterly releases: See ZacksEarnings Calendar.WATT reports its revenues under a single segment named Wireless Charging System Solutions. Revenues from the segment consist of revenues from product development projects and production-level systems.WATT’s cost of sales increased more than 100% year over year to $306 thousand. The net loss decreased 29.5% to $3.6 million.General and administrative expenses decreased 39.9% year over year to $1 million. Research and development expenses declined 30.9% to $1.7 million.Avery Dennison Corporation  : Free Stock Analysis Report. A. O. Smi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WATT":"Energous Corp","AVY":"艾利","JBT":"约翰宾技术"},"translate_title":"Energous第三季度亏损同比收窄，收入增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WATT":1,"AVY":0.9,"JBT":0.9},"content_text":"Energous Corporation WATT incurred a loss of 50 cents per share in third-quarter 2024. The company had reported a loss of 83 cents per share in the year-ago quarter.Energous reported net revenues of $230 thousand. The top line increased 36.1% year over year, driven by higher commercial Power Bridge transmitter system shipments. As of Nov. 8, 2024, the company had $0.2 million in backlog.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nWATT’s Segmental Discussion\nWATT reports its revenues under a single segment named Wireless Charging System Solutions. Revenues from the segment consist of revenues from product development projects and production-level systems.\nEnergous’ Margin Profile\nWATT’s cost of sales increased more than 100% year over year to $306 thousand. The net loss decreased 29.5% to $3.6 million.General and administrative expenses decreased 39.9% year over year to $1 million. Research and development expenses declined 30.9% to $1.7 million.\n\nEnergous Corporation Price, Consensus and EPS Surprise\n  \nEnergous Corporation price-consensus-eps-surprise-chart | Energous Corporation Quote\n\nWATT’s Balance Sheet\nWhile exiting the third quarter, the company had cash and cash equivalents of $1.5 million compared with $13.9 million reported at the end of fourth-quarter 2023. Accounts payable were $1.5 million, lower than $1.9 billion reported at the end of the year-ago quarter.\nWATT’s Zacks Rank\nThe company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nPerformance of Other Industrial Companies\nAvery Dennison Corporation AVY delivered third-quarter adjusted earnings of $2.33 per share, which beat the Zacks Consensus Estimate of $2.32. The bottom line increased 9% year over year, driven by higher volume and productivity gains.Total revenues grew 4.1% year over year to $2.18 billion and missed the Zacks Consensus Estimate of $2.2 billion.John Bean Technologies Corporation JBT reported adjusted earnings of $1.50 per share in third-quarter 2024, 35.1% higher than the prior-year quarter. The figure beat the consensus estimate of $1.41.Revenues of $454 million increased 12.4% from the year-ago quarter. The top line surpassed the consensus estimate of $445 million.A. O. Smith Corporation’s AOS third-quarter adjusted earnings of 82 cents per share matched the Zacks Consensus Estimate. The bottom line decreased 8.9% on a year-over-year basis.Net sales of $902.6 million missed the consensus estimate of $913 million. The top line decreased 4% year over year due to lower sales in China and decreased volumes of water heaters in North America.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAvery Dennison Corporation (AVY) : Free Stock Analysis Report\nA. O. Smith Corporation (AOS) : Free Stock Analysis Report\nJohn Bean Technologies Corporation (JBT) : Free Stock Analysis Report\nEnergous Corporation (WATT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483834596"}