Energous Q2 Revenue Up 217% to $3.1M, Sixth Straight Growth Quarter
WATT has more than doubled off its 52-week low of $3.62.
Summary
Energous reported Q2 revenue of $3.1 million, up 217% year-over-year, with $31.2 million in cash and no ATM usage planned for the next year. The company also announced FCC certification for its PowerBridge Pro+ product.
Key Events · Earnings and Guidance · WATT
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Q2 Revenue Up 217%
Revenue of $3.1 million for Q2 2026, a 217% increase year-over-year, marking the sixth consecutive quarter of growth. Six-month revenue of $6.2 million already exceeds full-year 2025 revenue of $5.6 million.
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Strong Cash Position
Cash and cash equivalents of $31.2 million as of June 30, 2026, up from $10.4 million at year-end 2025. The company does not plan to use its ATM program in the next twelve months and has not sold shares under it since March 19, 2026.
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Gross Margin Compression
Gross profit of $1.2 million for the first half of 2026, a 176% increase, but gross margin was 19% due to near-term costs associated with ramping production of updated products to fulfill customer demand.
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FCC Certification for PowerBridge Pro+
On July 29, 2026, the company announced FCC certification for the PowerBridge Pro+, which combines high-power RF wireless power delivery with integrated BLE gateway functionality, enabling commercialization of its end-to-end solution.
Analysis · WATT · Manufacturing
Energous reported Q2 revenue of $3.1 million, a 217% year-over-year increase, marking its sixth consecutive quarter of growth. The company's cash position remains strong at $31.2 million, and it has no plans to use its ATM program in the next twelve months. Gross margin compressed to 19% due to production ramp costs, but the company's pipeline is expanding with Fortune 10 deployments and a federal government program. The FCC certification for PowerBridge Pro+ removes a key regulatory hurdle for commercializing its end-to-end wireless power solution.
At the time of this filing, WATT was trading at $16.21 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $93.4M. 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.