Quarterly ResultMay 13, 2026, 04:16 PM
Energous Q1 Revenue $3.1M, up 799% YoY; Posts 5th Consecutive Growth
AI Summary
Energous Corporation reported Q1 2026 revenue of $3.1 million, marking its fifth consecutive quarter of revenue growth and a 799% improvement year-over-year. The company achieved a gross profit of $1.1 million with a 36% gross margin, and significantly reduced its GAAP net loss by 51% to $1.7 million. Energous is scaling its Fortune 10 customer programs, expanding its proof-of-concept pipeline, and has completed two Fortune 10 commercial deployments, including international expansion. The company also raised $31.9 million through its ATM program and expects to meet liquidity requirements without further ATM use in the next 12 months.
Key Highlights
- Q1 2026 revenue was $3.1 million, a 799% increase YoY and 1% QoQ.
- Gross profit for Q1 2026 reached $1.1 million, up 1,077% from prior year.
- Gross margin for Q1 2026 was 36%, utilizing a new U.S.-based manufacturer.
- GAAP net loss improved 51% YoY to $1.7 million, or $0.43 per share.
- Non-GAAP net loss improved 36% YoY to $1.6 million.
- Cash and cash equivalents stood at $36.6 million as of March 31, 2026.
- Raised $31.9 million net proceeds via ATM program in Q1 2026.
- Fortune 10 retail program targets ~4,700 U.S. locations with over 1,500 installations.