Energous Corporation reported significant financial improvements in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated revenue of $975,000 for the three months ended June 30, 2025, a substantial increase of 2,020% compared to $46,000 in the same period last year. For the first half of 2025, revenue reached $1.3 million, up from $110,000 in the prior year. Despite these gains, Energous recorded a net loss of $2.8 million for the second quarter, an improvement from a net loss of $4.3 million in the same quarter of 2024. The company’s total assets increased to $12.3 million as of June 30, 2025, compared to $3.8 million at the end of 2024.
The company’s operational metrics also reflect positive changes. Energous has expanded its customer base, with two customers accounting for approximately 94% of its revenue in the latest quarter. The increase in revenue is attributed to the deployment of its Wireless Power Network (WPN) technology by multinational retailers as part of their infrastructure modernization efforts. The company has also improved its gross profit margin, transitioning from a gross loss of $76,000 in Q2 2024 to a gross profit of $338,000 in Q2 2025, marking a 545% year-over-year improvement.
Energous has made strategic adjustments to its operations, including a reduction in research and development expenses, which fell to $1.1 million in Q2 2025 from $2.3 million in Q2 2024. This decrease is primarily due to lower costs associated with engineering components and payroll. Additionally, total operating expenses decreased by 32% year-over-year to $3.1 million, reflecting the company's efforts to streamline operations. The company also recorded a one-time expense of $5,000 related to an abandoned financing transaction, which was not present in the previous year.
Looking ahead, Energous is optimistic about its financial outlook, bolstered by a cash position of $8.7 million as of June 30, 2025, and net proceeds of $15.8 million raised through its At the Market (ATM) offering program during the first half of the year. The company believes it has sufficient liquidity to fund operations for at least the next 12 months, although it may seek additional financing options to support its growth and technology commercialization efforts. The company continues to focus on expanding its market presence and product adoption, particularly in the rapidly evolving wireless charging sector.
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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