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Energous Q3 revenue jumps 167% as shipments rise

By Reuters News


Overview

  • US wireless power solutions provider's Q3 revenue rose 167% yr/yr, continuing consecutive quarterly growth

  • Gross margin improved to 14% in Q3 from 3% in Q2 as production scaled

  • Company posted Q3 GAAP net loss of $2.5 mln as operating expenses increased


Outlook

  • Company expects gross margins to continue improving in Q4 and into 2027

  • Energous sees significant opportunity for further enterprise adoption and market expansion

  • Company is advancing next-generation sensing and recurring revenue initiatives


Result Drivers

  • COMMERCIAL ADOPTION - Co said revenue growth was driven by increased commercial adoption of its wireless power technology

  • PRODUCTION SCALE - Gross margin improvement attributed to scaling production to meet customer demand

  • PRODUCT SHIPMENTS - Higher shipments of PowerBridge transmitters, especially the 2W PowerBridge Pro, supported revenue growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$3.40 mln

Q3 Loss Per Share

$0.45

Q3 Net Loss

$2.51 mln

Q3 Operating Income

-$2.76 mln


Analyst Coverage

  • The one available analyst rating on the shares is "strong buy"

  • The average consensus recommendation for the electrical components & equipment peer group is "buy."

  • Wall Street's median 12-month price target for Energous Corp is $28.25, about 214.2% above its November 11 closing price of $8.99


Reuters Recommended Reads

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  • Nov 10 - Spire Global Q3 revenue rises 42% on increased Space Services data delivery

  • Nov 12 - Figure Technology Solutions Q3 net revenue rises 84%, beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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