Energous Corp. ( (WATT) ) has released its Q3 earnings. Here is a breakdown of the information Energous Corp. presented to its investors.
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Energous Corporation, operating as Energous Wireless Power Solutions, is a leading innovator in the field of scalable, over-the-air wireless power networks, primarily serving the technology sector with its unique solutions for continuous wireless power delivery to IoT devices.
In its third quarter of 2025, Energous reported a revenue of $1.3 million, marking its third consecutive quarter of growth and the highest quarterly revenue since 2015. The company also achieved its lowest net loss in over a decade, indicating significant progress towards profitability.
Key financial highlights include a 453% increase in revenue compared to the same period in 2024, and a 30% increase from the previous quarter. The company reported a gross profit of $0.5 million, transitioning from a gross loss in the prior year, and improved its gross margin to 36%. Operating expenses were reduced by 24% year-over-year, contributing to a 38% improvement in net loss.
Strategically, Energous raised $22.7 million in capital, which will support its growth initiatives and technology innovation. The company also expanded its intellectual property portfolio with five new U.S. patents and introduced new products, enhancing its wireless power platform for IoT applications.
Looking ahead, Energous is focused on scaling its operations to meet increasing customer demand and further improving its financial performance. The company is optimistic about its growth prospects, supported by a strong backlog of orders and ongoing innovation in its product offerings.