Energous Wireless Power Solutions Reports Second Quarter 2025 Results

About this update from Energous Corporation

- Reports Revenue of $1 Million - Highest Quarterly Revenue Since 2016 - - Accounts for Lowest Quarterly Net Loss in the last Decade - - Announces $4 million Order Backlog - SAN JOSE, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) (the “Company,” “we,” or “our”), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced financial results for the second quarter ended June 30, 2025, reporting both revenue of approximately $1.0 million for the second quarter, representing a 184% increase versus the first quarter of 2025, and a 35% improvement in net loss in the second quarter compared to the same prior year period.   The Company also provided an update on recent events and Company highlights. “We believe that under refreshed leadership, these second quarter financial results demonstrate that the Company’s thoughtful and consistent execution of its strategy has positioned Energous for continued scalable growth in future periods. Our second quarter financial results underscore our ongoing commitment to fiscal responsibility, operational efficiency, and customer focus – all key contributors to enabling the Company to support the global adoption of wireless power driven infrastructures.” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We believe our significant revenue growth year over year and quarter over quarter demonstrates increasing demand for Energous’ wireless power network technology to serve as the backbone of enterprise infrastructure modernization projects and also underscores the value proposition of the solutions we offer to our customers.” Second Quarter 2025 Financial Results See “Non-GAAP Financial Measures” below for additional information. Company Highlights “As ambient IoT technology becomes increasingly accessible for real-time, item-level tracking across the supply chain, achieving true real-time visibility and automation depends on a scalable and dependable power infrastructure,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “Enterprises upgrading their operations with large-scale, battery-free sensor networks are choosing our wireless power solutions to enable fully wireless track-and-trace systems.” About Energous Wireless Power Solutions Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit http://www.energous.com/ or follow on LinkedIn . Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about our financial results, expected company growth, and operational initiatives. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law. Non-GAAP Financial Measures We have provided in this release financial information that has not been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). We use non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends, and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures to investors.    Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below. Our reported results include certain non-GAAP financial measures, including non-GAAP net loss, non-GAAP operating expenses, non-GAAP sales, marketing, general and administrative expenses (SG&A) and non-GAAP research and development expenses (R&D). Non-GAAP net loss and non-GAAP operating expenses exclude depreciation and amortization, stock-based compensation expense, severance expense, change in fair value of warrant liability, and expenses related to the abandonment of financing transactions. Non-GAAP operating expenses exclude depreciation and amortization, stock-based compensation expense, expenses related to the abandonment of financing transactions, and severance expenses. Non-GAAP SG&A excludes depreciation and amortization and stock-based compensation expense. Non-GAAP R&D excludes depreciation and amortization and stock-based compensation expense. A reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. Contacts: Investor Relations [email protected] Media Relations [email protected]

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