Energous (WATT) Tops Q1 EPS by 2c

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Go back to Energous (WATT) Tops Q1 EPS by 2c

Energous Corporation Reports 2023 First-Quarter Results

May 10, 2023 4:38 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, 2023, and provided an update on its partnership and regulatory highlights.

Unaudited 2023 First-Quarter Financial Results

For the first quarter ended March 31, 2023, Energous reported:

Revenue of approximately $96,676, compared to $215,961 in the 2022 first quarter Costs and expenses of approximately $6.4 million, with approximately $138,813 in cost of revenue, $3.1 million in research and development, and $3.2 million in sales, marketing, general and administrative... More