NASDAQ$WATT

Energous Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Energous reported a decrease in revenue and net loss for Q4 2022, while highlighting partnership momentum and company achievements.

Energous Corporation reported Q4 2022 revenue of $179,000, a decrease from $225,000 in Q4 2021. The net loss was $(6.1) million, an improvement from $(9.4) million in the same quarter of the previous year. The company ended the quarter with $26.3 million in cash and cash equivalents and focused on partnership momentum and company highlights.

  • Revenue was approximately $179,000, compared to $225,000 in Q4 2021.
  • Total costs and expenses were approximately $6.5 million, down from $9.6 million in Q4 2021.
  • Net loss was approximately $(6.1) million, or $(0.08) per basic and diluted share, compared to $(9.4) million, or $(0.13) per basic and diluted share, in Q4 2021.
  • Cash and cash equivalents totaled approximately $26.3 million at the end of Q4 2022.

Headline financials

Total Revenue

$179K

Previous: $225K-20.5%
EPS (adj)

-$1.40

Previous: -$2.60+46.2%
Capital Expenditures

$37.8K

Previous: $55K-31.3%
Free Cash Flow

-$4.84M

Previous: -$6.28M+23.0%
Net Income

-$6.1M

Previous: -$9.42M+35.3%
Operating Income

-$6.36M

Previous: -$9.42M+32.5%
Gross Profit

-$204K

Previous: $82.3K-347.5%
Cash & Equivalents

$26.3M

Previous: $49.1M-46.4%
Total Assets

$29.8M

Previous: $51.4M-42.1%
Stock-Based Comp

$760K

Previous: $3.34M-77.2%

Revenue & EPS history

Energous · Revenue · Quarterly

$179K

Q4 2022-20.5%vs Q4 2021
Beat estimate in 0 of 12 quarters(0%)
ActualEstimate

Forward guidance

Energous is focused on increasing customer deployments of its technology to drive adoption and revenue growth in 2023 by delivering technical leadership, expanding partnerships, and securing customer success through production ramps.

Tailwinds

  • Increasing customer deployments of our technology
  • Drive adoption
  • Revenue growth
  • Delivering technical leadership
  • Expanding our partnerships

Headwinds

  • Uncertain timing of necessary regulatory approvals
  • Timing of customer product development
  • Market success of customer products
  • Dependence on distribution partners
  • Intense industry competition

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 Q4 2022

Historical avgQ4 2022

-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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