Energous Third-Quarter Revenue Rises 167 Percent to About 3.4 Million Dollars: Nine-Month Revenue of 9.6 Million Dollars Already Exceeds Full-Year 2025, With 28.8 Million Dollars in Cash, Released November 12
Energous Corporation, doing business as Energous Wireless Power Solutions and listed on Nasdaq as WATT, announced on November 12, 2026, in San Jose, California, in a GlobeNewswire release, financial results for the third quarter ended September 30, 2026. Revenue was approximately 3.4 million dollars, up 167 percent year over year from approximately 1.3 million dollars, and up 10 percent from the second quarter. Revenue for the first nine months was 9.6 million dollars, up 270 percent, already exceeding the 5.6 million dollars recorded for the full year of 2025.
The company said third-quarter gross profit was 0.5 million dollars at a gross margin of 14 percent, up from 3 percent in the second quarter, and that it expects gross margins to keep improving in the fourth quarter and into 2027 as its offshore contract manufacturer ramps production. The GAAP net loss was approximately 2.5 million dollars, or 0.45 dollars per share, versus about 2.1 million dollars a year earlier, and the non-GAAP net loss was approximately 2.1 million dollars. Cash and cash equivalents were approximately 28.8 million dollars at September 30, 2026. Since the PowerBridge transmitter began shipping in 2024 through September 30, 2026, the company has shipped over 69,500 transmitters, driven primarily by demand for the 2W PowerBridge Pro, and reported zero product returns for over two years since commercial production began in 2024.
Chief executive and chief financial officer Mallorie Burak said the results reflect continued momentum in the commercial adoption of the company's technology, with year-to-date revenue already surpassing full-year 2025. The company also disclosed that the PowerBridge Pro+, which combines high-power RF wireless power delivery with an integrated BLE gateway in a single infrastructure device, received FCC certification on July 29, 2026. The conference call was scheduled for November 12, 2026, at 4:30 p.m. Eastern Time. This item reports only the published results and updates and is not investment advice.
Source: Energous Corporation
Published by GSM · USA (original Chinese edition)
Photo: 智能手机在无线充电器上充电（资料图）。／A smartphone charging on a wireless charger (file photo).（茅野ふたば，CC BY-SA 4.0，Wikimedia Commons）
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