Energous Corporation has announced its preliminary results for the second quarter of 2025, highlighting significant achievements in revenue growth and cost management. The company expects to report revenue exceeding $900,000 for the quarter ended June 30, 2025. This represents a strong increase compared to previous quarters. Additionally, the company forecasts a net loss of approximately $3 million for the quarter, marking an 11% improvement from the previous quarter and a 30% enhancement compared to the same period last year. This anticipated net loss would be the lowest the company has experienced in the past decade. Energous attributes its positive momentum to disciplined cost management and operational efficiencies. Year-to-date revenues through June 30, 2025, are expected to be approximately $1.3 million, nearly double the total revenue for the entirety of 2024. The increase in revenue is attributed to rising demand for Energous' wireless power solutions in various markets, such as logistics, retail, industrial, and enterprise IoT. The company has also achieved a significant milestone by fully retiring its high-interest debt, enhancing its financial position. Furthermore, Energous raised approximately $15.8 million through its at-the-market equity program in the first half of the year, strengthening its liquidity and facilitating continued investment in growth initiatives. Energous CEO and CFO Mallorie Burak emphasized that these results underscore the company's strategic focus and operational streamlining efforts, positioning Energous for long-term, sustainable growth. The company plans to release its complete financial results for the second quarter of 2025 by mid-August.
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