Energous reports highest quarterly revenue since 2015

SAN JOSE - Energous Corporation (NASDAQ:WATT), with a market capitalization of $11.8 million, announced preliminary third-quarter revenue of approximately $1.3 million for the period ended September 30, 2025, representing a six-fold increase from the same period last year and a 31% rise from the previous quarter. According to InvestingPro data, the company has maintained impressive revenue growth, with a 434% increase over the last twelve months.

The wireless power network developer reported this marks its highest quarterly revenue since 2015, with year-to-date revenue reaching approximately $2.6 million through September 30, 2025. The company attributes these results to shipments to multiple customers, including two Fortune 10 companies.

Energous expects to report an operational loss between $2.1 million and $2.3 million for the quarter, its lowest since 2014 and an improvement from the $2.8 million loss in the second quarter of 2025.

The company currently holds an order backlog of approximately $4.2 million as of October 10, 2025, including purchase commitments from a Fortune 10 company for enterprise deployments scheduled to begin later this year. Based on InvestingPro’s Fair Value analysis, Energous appears to be trading below its intrinsic value, with 13 additional ProTips available to subscribers providing deeper insights into the company’s financial health and market position.

Mallorie Burak, CEO and CFO of Energous, stated, "The combination of our expanding commercial deployments and the strongest financial results in nearly a decade demonstrate the market’s accelerating recognition of Energous as the backbone of wireless power networks for ambient IoT."

The company is currently engaged in proof-of-concept projects with companies across telecommunications, logistics, and food and beverage industries, according to the press release statement.

Energous offers an end-to-end solution including wirelessly powered sensors, RF-based energy transmitters, and a cloud-based platform for device monitoring and analytics.

The preliminary results are subject to finalization in connection with the company’s upcoming Quarterly Report on Form 10-Q.

In other recent news, Energous Corporation has closed a registered direct offering and warrant exercise, successfully raising approximately $5 million in gross proceeds. The offering involved the sale of 585,347 shares of common stock and warrants to purchase an equivalent number of additional shares, priced at $7.92 per share. The warrants, which have an exercise price of $7.79, will remain valid for five years. Additionally, Energous has announced a 1-for-30 reverse stock split, effective August 11, 2025, a move aimed at regaining compliance with Nasdaq’s minimum bid price requirements. This reverse split was approved by stockholders in June and will result in every 30 shares of common stock being converted into one share. The company’s stock will continue to trade under the symbol "WATT" with a new CUSIP number. These developments mark significant steps for Energous as it navigates the financial landscape.

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