Energous Reports Third-Quarter Revenue Growth as Enterprise Shift Continues

Energous Corporation, traded under the ticker WATT, experienced an 11.27% decline in its share value following the release of its third-quarter financial figures. Chief Executive Officer and Chief Financial Officer Mallorie Burak outlined the firm's ongoing transition toward enterprise wireless power and battery-free sensing solutions during the recent earnings conference call.

During the third quarter, the company generated $3.4 million in revenue, representing an increase of roughly 10% compared to the $3.1 million reported in the second quarter. Gross margin recovered to approximately 14%, aided by pricing adjustments implemented in July and easing operational headwinds.

Management noted that shipments of its Power Bridge transmitters have surpassed 6,500 units since initial deliveries began in 2024. The firm anticipates further revenue acceleration in the final quarter of the year, alongside a major deployment milestone slated for early 2027 through its collaboration via the Amazon Web Services channel.

What to watch next: Monitor the projected conversion of major proof-of-concept programs into full commercial deployments during the first quarter of 2027.