Energous Wireless Power Solutions Reports 2024 Third Quarter Results
Energous Corporation (WATT)
Last energous corporation earnings: 11/7 04:01 pm
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Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced financial results for the three months ended September 30, 2024, and provided an update on recent partnerships and company highlights.Third Quarter 2024 Financial ResultsRevenue for the three months ended September 30, 2024 of $230 thousand versus approximately $169 thousand in the same 2023 period, representing a 36% increase year over year.Costs and expenses for the three months ended September 30, 2024 totaled $3.8 million versus $5.3 million in the same 2023 period. Total third quarter 2024 GAAP costs and expenses consisted of approximately $0.3 million in cost of revenue, $1.7 million in research and development (R&D) expenses, $1.7 million in sales, marketing, general and administrative (SG&A) expenses, and approximately $0.1 million in severance expenses.Non-GAAP costs and expenses
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Sec Filings
- 12/13/24 - Form S-3
- 12/6/24 - Form 8-K
- 11/25/24 - Form 253G2
- WATT's page on the SEC website