Energous Corporation, operating as Energous Wireless Power Solutions, has announced its financial results for the second quarter ending June 30, 2025. The company reported a revenue of approximately $1 million, representing a significant increase of nearly 21 times compared to the $46,000 recorded in the same period in 2024. This marks the highest quarterly revenue since 2016, highlighting a 184% improvement over the first quarter of 2025, which reported $0.3 million in revenue. The company also reported a GAAP net loss of approximately $2.8 million for the second quarter of 2025, a 35% improvement from the net loss of approximately $4.3 million in the second quarter of 2024. Non-GAAP net loss showed a 44% improvement year over year, decreasing from approximately $4.7 million in the previous year to $2.6 million in the second quarter of 2025. Energous Corporation maintains approximately $8.7 million in cash and cash equivalents as of June 30, 2025. These results underscore the company's ongoing commitment to fiscal responsibility and operational efficiency. Energous also announced a $4 million order backlog, reflecting the increasing demand for its wireless power network technology. The company attributes the improved financial performance to increased revenue and continued reductions in operational and manufacturing costs. Energous appears well-positioned for future growth, supported by its strategic focus on the global adoption of wireless power infrastructures.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energous Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9501651-en) on July 29, 2025, and is solely responsible for the information contained therein.
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