NASDAQ$WATT

Energous Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Energous reported a net loss of $4.0 million and revenue of $0.117 million, a 21% increase over Q1 2023.

Energous Corporation reported second-quarter results, with revenue increasing by 21% compared to the previous quarter. The company continues to focus on its wireless charging technology and partnerships.

  • Revenue was approximately $117,133, a 21% increase over Q1 2023
  • Net loss was approximately $(4.0) million, or $(0.04) per basic and diluted share
  • Adjusted net non-GAAP loss was approximately $(5.3) million
  • Cash and cash equivalents totaled approximately $20.0 million at the end of the second quarter

Headline financials

Total Revenue

$117K

Previous: $233K-49.7%
EPS (adj)

-$1.20

Previous: -$1.40+14.3%
Capital Expenditures

-$51K

Previous: -$113K+54.7%
Free Cash Flow

-$4.05M

Previous: -$7.13M+43.3%
Net Income

-$4M

Previous: -$7.02M+43.1%
Operating Income

-$6.13M

Previous: -$7.06M+13.3%
Gross Profit

$34.3K

Previous: -$38.4K+189.3%
Cash & Equivalents

$20M

Previous: $35.7M-44.1%
Total Assets

$23.5M

Previous: $40M-41.2%
Stock-Based Comp

$504K

Previous: $664K-24.1%

Revenue & EPS history

Energous · Revenue · Quarterly

$117K

Q2 2023-49.7%vs Q2 2022
Beat estimate in 0 of 12 quarters(0%)
ActualEstimate

Forward guidance

Energous will host a conference call to discuss second-quarter financial results, recent progress and prospects for the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-3.3%

Avg return

Earnings day

-4.0%

Avg return

5 days after

-10.2%

Avg return

30 days after

34%

17 / 50 earnings

Positive

+17.9%

Q3 2016

Best reaction

-29.4%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+2.9%+0.0%
Q1 2026-7.1%-3.9%-10.0%
Q3 2025+2.4%-7.7%-25.0%
Q2 2025+1.2%-5.3%-20.6%
Q1 2025-7.7%-8.2%-7.9%
Q4 2024-2.9%-11.1%-23.6%
Q3 2024-0.7%-4.8%-42.9%
Q2 2024-9.4%-9.8%-12.0%
Q1 2024+6.0%+3.3%-20.5%
Q4 2023-6.7%-5.1%-30.3%
Q3 2023-28.8%-31.5%-21.7%
Q2 2023-3.9%-26.0%-64.7%
Q1 2023-8.7%-20.1%-18.0%
Q4 2022-15.3%-19.9%-24.8%
Q3 2022-6.0%-9.5%-11.2%
Q2 2022+4.6%+11.5%+6.9%
Q1 2022-1.5%+4.7%+27.1%
Q4 2021+10.4%+4.7%+14.2%
Q3 2021-3.5%-6.5%-29.0%
Q2 2021+11.0%+9.7%+5.3%
Q1 2021-14.1%-2.3%+14.1%
Q4 2020-12.8%-7.0%-21.4%
Q3 2020-0.5%-5.1%-17.7%
Q2 2020+0.6%+2.8%-2.8%
Q1 2020-16.2%-13.7%-2.5%
Q4 2019-7.3%-13.6%-50.2%
Q3 2019-16.8%-16.8%-30.1%
Q2 2019-0.8%+2.4%-5.8%
Q1 2019-4.0%+2.8%-12.3%
Q4 2018-29.4%-20.7%-22.3%
Q3 2018-5.2%+1.7%-4.2%
Q2 2018-10.2%+4.1%-6.6%
Q1 2018+1.0%+2.8%+2.6%
Q4 2017-1.0%-1.2%-0.5%
Q3 2017+14.6%+19.1%+12.7%
Q2 2017-4.7%-13.2%-12.2%
Q1 2017+14.7%+16.9%+23.8%
Q4 2016-2.9%+2.1%-4.5%
Q3 2016+17.9%+8.9%+32.7%
Q2 2016+0.5%+5.1%+17.9%
Q1 2016-9.7%
Q4 2015-3.1%
Q3 2015-15.6%
Q2 2015+0.9%
Q1 2015-5.1%
Q4 2014+3.6%
Q3 2014+1.8%
Q2 2013+6.1%
Q2 2014-0.2%
Q1 2014-3.0%
Q3 2013
Q1 2013

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