Energous Corporation Reports 2023 Results
Energous Corporation (WATT)
Last energous corporation earnings: 11/7 04:01 pm
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US:NASDAQ Investor Relations:
ir.energous.com
Company Research
Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--Energous Corporation (NASDAQ: WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for the year ended December 31, 2023, and provided an update on recent partnerships and company highlights.2023 Financial Results2023 revenue of approximately $0.5 million versus $0.9 million in 2022.Total costs and expenses were significantly reduced in 2023 from approximately $27.5 million in 2022 to approximately $22.6 million in 2023, representing a cost reduction of $4.9 million year over year. The 2023 costs consist of approximately $0.3 million in cost of revenue, $10.8 million in research and development (R&D) expenses, $11.1 million in sales, marketing, general and administrative (SG&A) expenses, and approximately $0.4 million in severance expenses.Year-over-year net loss improvement with a net loss of approximately $(19.4) million, or $(4.15) per basic and diluted share for the year ended December
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WATT
News
- Energous Co. (NASDAQ: WATT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Energous Co. (NASDAQ: WATT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Energous Co. (NASDAQ: WATT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Energous Co. (NASDAQ: WATT) was downgraded by analysts at LADENBURG THALM/SH SH from a "buy" rating to a "neutral" rating. They now have a $2.00 price target on the stock, down previously from $3.50.MarketBeat
- Energous Corporation (NASDAQ:WATT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
WATT
Earnings
- 8/10/23 - Beat
WATT
Analyst Actions
- 4/5/24 - Ladenburg Thalmann
WATT
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- WATT's page on the SEC website