Energous | 8-K: FY2025 Q3 Revenue: USD 1.272 M

Revenue: As of FY2025 Q3, the actual value is USD 1.272 M.

EPS: As of FY2025 Q3, the actual value is USD -1.31.

EBIT: As of FY2025 Q3, the actual value is USD -2.279 M.

Revenue

• Revenue for the third quarter of 2025 was approximately $1.3 million, marking a 453% increase compared to the same period in 2024 and a 30% increase from the second quarter of 2025.
• Year-to-date revenue through September 30, 2025, was approximately $2.6 million, more than three times the revenue reported for the full fiscal year of 2024.

Gross Profit and Margin

• Gross profit for the third quarter of 2025 was $0.5 million, a 703% increase from a $0.1 million gross loss in the same period of 2024.
• Gross margin for the third quarter of 2025 was 36%, an improvement from the 35% reported for the second quarter of 2025.

Operating Expenses

• GAAP operating expenses for the third quarter of 2025 were $2.6 million, a 24% reduction from $3.5 million in the same period of 2024.
• Non-GAAP operating expenses for the third quarter of 2025 were approximately $2.6 million, down from $3.2 million in the same period of 2024, representing a 19% year-over-year reduction.

Net Loss

• GAAP net loss for the third quarter of 2025 was approximately -$2.1 million, or -$1.31 per share, a 38% improvement from a net loss of approximately -$3.4 million, or -$14.98 per share, in the third quarter of 2024.
• Non-GAAP net loss for the third quarter of 2025 was approximately -$2.0 million, a 38% improvement year-over-year and a 23% improvement from the second quarter of 2025.

Cash and Cash Equivalents

• The company reported approximately $12.9 million in cash and cash equivalents as of September 30, 2025.

Outlook / Guidance

• The company expects to ship approximately $4.1 million worth of confirmed orders within the next twelve months, indicating increased market adoption of its wireless power network solutions.
• Energous Corporation believes it has sufficient cash on hand to fund working capital requirements for the next twelve months based on current operating levels and cost reductions implemented during the first nine months of 2025.
• The company anticipates expanded opportunities in 2026 due to its participation in the AWS Partner Network and ongoing proofs of concept with Fortune 500 companies.