Energous Corporation reported significant financial improvements in its latest 10-Q filing for the quarter ending September 30, 2025. The company generated revenue of $1.3 million for the third quarter, a 453% increase from $230,000 in the same period last year. For the nine months ended September 30, 2025, total revenue reached $2.6 million, compared to $340,000 in the prior year, marking a 662% year-over-year increase. Despite these gains, Energous recorded a net loss of $2.1 million for the third quarter, down from a loss of $3.4 million in the same quarter of 2024, and a net loss of $8.3 million for the nine-month period, an improvement from a loss of $14.3 million in the previous year.
The company’s operational metrics also reflect positive changes. Energous has expanded its customer base, with three customers accounting for approximately 97% of its revenue in the third quarter. The increase in revenue is attributed to the deployment of its Wireless Power Network (WPN) technology by multinational retailers, including two Fortune 10 companies, as part of their infrastructure modernization efforts. The company has also introduced new products, such as the battery-free e-Sense tag and e-Compass software platform, which are expected to enhance its market presence.
Energous has made strategic adjustments to its cost structure, resulting in a 24% reduction in total operating expenses for the third quarter compared to the previous year. Research and development expenses decreased by 39% to $897,000, while sales and marketing costs fell by 29% to $499,000. General and administrative expenses remained relatively stable at $1.2 million. The company’s gross profit for the third quarter was approximately $458,000, a significant turnaround from a gross loss of $76,000 in the same quarter last year.
As of September 30, 2025, Energous reported cash and cash equivalents of $12.9 million, a substantial increase from $1.4 million at the end of 2024. The company has been actively utilizing its At the Market (ATM) offering program, raising $18.2 million in net proceeds during the nine months ended September 30, 2025. Additionally, a registered direct offering in September 2025 generated net proceeds of approximately $4.1 million. These funds are expected to support the company’s operations and product development initiatives over the next 12 months.
Looking ahead, Energous remains focused on scaling its business and transitioning from research and development to commercial production. The company acknowledges the potential need for additional financing to sustain operations and continue its growth trajectory, particularly as it navigates the evolving market for wireless power solutions. The management believes that with current cash reserves and ongoing efforts to optimize operations, it has sufficient resources to meet its liquidity needs in the near term.
About Energous Corp
Energous Corporation develops RF-based wireless power technology enabling over-the-air charging for IoT devices, sensors, and smart applications. Its solutions support near-field and at-a-distance power transfer, targeting markets such as retail, industrial, healthcare, and consumer electronics. The company’s innovative, scalable system offers a competitive edge through proprietary patents, regulatory approvals, and ecosystem partnerships, facilitating wireless energy delivery and data transfer in diverse, battery-free device ecosystems.
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