Quarterly ResultMay 14, 2026, 04:22 PM
Energous Q1 Revenue Jumps to $3.08M; Net Loss Narrows to $1.66M
AI Summary
Energous Corporation reported a significant increase in revenue for the first quarter of 2026, reaching $3.08 million, up from $0.34 million in the prior year. The company also narrowed its net loss to $1.66 million, a substantial improvement from a $3.37 million loss in Q1 2025. This financial performance was supported by a successful at-the-market (ATM) offering, which generated $31.87 million in net proceeds, significantly boosting cash and cash equivalents to $36.61 million and strengthening stockholders' equity.
Key Highlights
- Q1 2026 revenue increased to $3.08 million from $0.34 million YoY.
- Net loss narrowed to $1.66 million in Q1 2026 from $3.37 million YoY.
- Loss per common share improved to $(0.43) from $(3.55) YoY.
- Net proceeds from an at-the-market (ATM) offering were $31.87 million in Q1 2026.
- Cash and cash equivalents rose to $36.61 million as of March 31, 2026.
- Total stockholders' equity increased to $42.76 million as of March 31, 2026.
- Net cash used in operating activities was $5.57 million in Q1 2026.
- Two customers accounted for 83% of Q1 2026 revenue.
Price Impact
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