Energous Projects Hardware Gross Margins in Mid-30% Range by H1 2027
Energous (WATT) reported third-quarter revenue of $3.4 million, representing a 10% sequential increase from the $3.1 million recorded in the second quarter. Management expressed confidence in continued momentum, forecasting that revenue growth will accelerate during the fourth quarter. Looking toward long-term profitability, the company anticipates achieving hardware gross margins in the mid-30% range by the first half of 2027. This guidance suggests a strategic focus on scaling production and improving unit economics as their wireless power technology moves into broader commercial application.
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Topics: financial guidance quarterly earnings revenue growth