Energous Q2 2026 10-Q: Revenue Up 217%, Cash at $31.2M, ATM Proceeds $31.8M
WATT has more than doubled off its 52-week low of $3.62 on elevated volume (2.7× avg).
Summary
Energous filed its Q2 2026 10-Q, confirming 217% revenue growth to $3.1 million and a $31.2 million cash position. The filing details $31.8 million in ATM proceeds and a 300,000 share increase in the equity incentive plan.
Key Events · Earnings and Guidance · WATT
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Q2 Revenue Up 217%
Revenue reached $3.1 million in Q2 2026, up from $975,000 a year earlier, driven by a Fortune 10 e-commerce customer and a U.S. government POC.
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ATM Proceeds $31.8M
The company sold 3,299,728 shares under its ATM program during H1 2026 for net proceeds of $31.8 million, with $31.7 million remaining available.
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Cash Position $31.2M
Cash and cash equivalents totaled $31.2 million as of June 30, 2026, which management says funds operations for at least 12 months.
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Gross Margin Compression
Q2 gross margin fell to 3% from 35% a year ago due to higher U.S. manufacturing costs for a hardware upgrade, expected to be short-term.
Analysis · WATT · Manufacturing
The 10-Q provides the full financial statements and notes behind the Q2 earnings release. Revenue grew 217% year-over-year to $3.1 million, driven by a Fortune 10 e-commerce customer and a U.S. government POC. The company raised $31.8 million through its ATM program during the first half of 2026, leaving $31.7 million available. Cash stands at $31.2 million, which management says funds operations for at least 12 months. Gross margin compressed to 3% in Q2 due to higher U.S. manufacturing costs, but the company expects this to be short-term. The filing also reveals a 300,000 share increase in the equity incentive plan and significant customer concentration risk.
At the time of this filing, WATT was trading at $15.13 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $82M. The 52-week trading range was $3.62 to $36.98. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.