Welcome to our dedicated page for Energous news (Ticker: WATT), a resource for investors and traders seeking the latest updates and insights on Energous stock.
Energous Corporation (NASDAQ: WATT), a pioneer in radio frequency (RF) wireless power technology, maintains this comprehensive news hub for investors and industry professionals. Access official press releases, financial disclosures, and technology updates surrounding the company's innovative WattUp® wireless charging solutions.
This curated collection provides critical insights into Energous' semiconductor developments, IoT power network expansions, and strategic partnerships. Users can efficiently track announcements ranging from quarterly earnings to new product certifications, all essential for understanding the company's position in the wireless power market.
The repository features updates across key operational areas including RF chipset innovations, regulatory milestones for wireless charging systems, and enterprise deployments of battery-free IoT solutions. Content is organized chronologically with clear sourcing to ensure transparency and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Energous' latest technical advancements and corporate developments. Check regularly for updates on wireless power network deployments, intellectual property achievements, and market expansion initiatives shaping the future of contactless energy transfer.
Energous (NASDAQ: WATT) announced its financial results for Q1 2024. The company reported revenue of $0.1 million, consistent with Q1 2023. Costs and expenses totaled $6.7 million, up from $6.4 million in the same period last year. Non-GAAP costs and expenses decreased by $1.0 million to $4.8 million, a 17% reduction year-over-year. The company reported a net loss of $6.6 million, or $1.11 per share, down from $6.7 million, or $1.63 per share in Q1 2023. Energous had $10.7 million in cash and equivalents as of March 31, 2024, with no debt.
Key partnerships were highlighted, including Velociti, WiGL, and Anukin, focusing on deploying Energous' Over-the-Air wireless power networks. These initiatives aim to improve asset tracking, real-time asset management, and wireless power coverage in the retail sector. Interim CFO Mallorie Burak emphasized ongoing cost reductions and transitioning key proofs of concept to deployment phases.
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