Energous Corporation Reports 167% Year-Over-Year Revenue Growth in Q3 2026
Energous Corporation (WATT) reported significant growth for the third quarter of 2026, with quarterly revenue reaching $3.4 million, a 167% increase compared to the previous year. This surge was driven by the commercial adoption of wireless power networks and improved gross margins, which rose to 14% from 3% in the prior quarter due to price adjustments and supply chain improvements. The company is transitioning from technology validation to large-scale commercial deployment, evidenced by the shipment of nearly 70,000 PowerBridge units since 2024. Management highlighted a significant reduction in sales cycles—now 6 to 9 months compared to historical highs of 24 months—and plans for major retail rollouts in early 2027 involving warehouse clubs and e-commerce giants. While the company continues to report a net loss, the deficit narrowed to $7.1 million for the first nine months of 2026 compared to $8.3 million in 2025. With $28.8 million in cash and cash equivalents, management believes current liquidity is sufficient to support operations without seeking additional equity financing.
Tickers: $WATT
Topics: commercial adoption gross margin improvement revenue growth wireless power networks