Energous (WATT) Misses Q1 EPS by 1c

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Go back to Energous (WATT) Misses Q1 EPS by 1c

Energous Corporation Reports 2022 First-Quarter Results

May 11, 2022 4:01 PM EDT

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 its first quarter ended March 31, 2022, and provided an update on its operational, regulatory and partnership highlights.

Unaudited 2022 First-Quarter Financial Results

For the first quarter ended March 31, 2022, Energous reported:

Revenue of approximately $216,000, up significantly from approximately $145,000 in the 2021 first quarter Costs and expenses of approximately $7.4 million (GAAP), with approximately $203,000 in cost of revenue, $3.5 million in research and development and $3.6 million in... More