Energous Reports Strong Q2 Revenue Growth Amid Expansion into New Markets
Energous (WATT) reported second-quarter revenue of $3.1 million, a 217% year-over-year increase driven by expanded deployments with Fortune 10 customers and new federal agency engagements. For the first half of 2026, total revenue reached $6.2 million, reflecting a 368% improvement compared to the same period in 2025. The company also achieved trailing twelve-month revenue of $10 million, marking a significant milestone as it transitions from market validation to commercial adoption. Despite strong top-line growth, gross margin for the first half was 19%, down due to production retooling and supply chain challenges. GAAP net loss in Q2 widened slightly to $2.9 million compared to $2.8 million a year ago. However, management remains confident that recent product price increases will help improve margins later this year. Energous also highlighted progress on key initiatives including the completion of 90% of installations for its national retailer rollout and plans to expand cold chain support from 50 locations to 550 by next year. The company holds $31.2 million in cash, which it believes is sufficient to fund ongoing commercial programs.
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