Energous Q2 Revenue Soars 217% on Retail and Grocery Chain Deployments
WATT has more than doubled off its 52-week low of $3.62.
Summary
Energous reported Q2 revenue of $3.09 million, up 217% year-over-year, marking its sixth straight quarter of growth. The company cited expanding deployments with a Fortune 10 customer, a federal agency program, and proof-of-concept projects with national retail and grocery chains. Net loss widened slightly to $2.91 million, but the company said its H2 2026 sales pipeline is larger and more advanced than ever. FCC certification of PowerBridge Pro+ is advancing commercialization. The company reiterated it does not plan to use its ATM program in the next twelve months. This follows Q1's 799% revenue growth and a 51% reduction in net loss, showing continued momentum in commercial adoption.
At the time of this announcement, WATT was trading at $15.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $93.4M. The 52-week trading range was $3.62 to $36.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.