DexCom earnings beat by $0.03, revenue topped estimates
SAN JOSE - Energous Corporation (NASDAQ:WATT), currently valued at $9.56 million, expects to report over $900,000 in revenue for the second quarter of 2025, marking its strongest quarter to date and lowest quarterly net loss in ten years, according to a company press release. InvestingPro data shows the company holds more cash than debt on its balance sheet, though analysts note it’s quickly burning through cash reserves.
The wireless power solutions provider anticipates a net loss of approximately $3 million for the quarter ended June 30, representing an 11% improvement from the previous quarter and a 30% reduction compared to the same period last year.
Year-to-date revenue through June 30 is expected to reach approximately $1.3 million, nearly double the company’s total revenue for all of 2024, reflecting growing demand for its wireless power technologies across logistics, retail, industrial, and enterprise IoT markets.
"We believe these results are the clearest evidence yet that our strategy is working," said Mallorie Burak, CEO and CFO of Energous.
The company also announced it has fully retired its high-interest debt and raised approximately $15.8 million through its at-the-market equity program in the first half of 2025.
Energous expanded its product portfolio in the second quarter with the introduction of PowerBridge MOD and PowerBridge Pro+ wireless power transmitters, as well as e-Sense Tag and e-Compass solutions for battery-free wireless IoT sensing and asset tracking.
The company reported expanding relationships with multiple Fortune 10 and Fortune 100 companies across the U.S. and Europe, and secured an approved proof-of-concept deployment through an Amazon Web Services enterprise referral.
The financial information included in the press release is preliminary and unaudited, with complete financial results for the second quarter expected by mid-August 2025. Investors seeking deeper analysis can access comprehensive valuation metrics and growth forecasts through InvestingPro’s detailed research report, which includes expert insights on WATT’s future prospects and competitive position in the wireless power solutions market.
In other recent news, Energous Corporation has announced an accelerated deployment of its wireless power network technology with a major Fortune 10 retailer. The initiative involves the Energous PowerBridge Pro transmitter, which is being installed in approximately 4,700 U.S. retail locations. Since the deployment began in 2024, over 4,000 units have been shipped, with plans to cover over 500 stores and several grocery distribution centers by the end of fiscal year 2025. This deployment aims to enhance supply chain visibility and inventory management for perishable and dry goods through real-time asset tracking and automation. Energous CEO and CFO Mallorie Burak highlighted the significance of this milestone in the commercial adoption of their technology, noting its capability to provide up to 99 percent visibility of tracked assets. The successful pilot program, which started with a Proof of Concept in 2023, facilitated the expansion of this partnership. Energous anticipates that this deployment will serve as a model for other enterprises, showcasing their advanced technology as a key component in the retailer’s modernization strategy.
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