10-K - Energous Corporation | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Energous Corporation reported FY 2025 revenue of $5.6M, a 633% increase from $0.8M in FY 2024, driven by expansion with multinational enterprise retailers including two Fortune 10 companies. Gross profit improved to $2.0M from $12K, with gross margin increasing to 36.0% from 1.6%. Net loss narrowed to $9.6M from $18.4M, a 48% improvement. Operating expenses decreased 35% to $12.0M. Cash and equivalents were $10.4M as of December 31, 2025, with net cash provided by financing activities of $21.6M primarily from ATM offerings. The company had 27 full-time employees as of January 26, 2026, and maintains a patent portfolio exceeding 300 patents.

Key Takeaways

1Revenue increased 633% YoY to $5.6M, with one customer representing 85% of total revenue.

2Net loss improved 48% to $9.6M, with gross profit reaching $2.0M versus $12K prior year.

3Cash and equivalents were $10.4M, with $21.6M net cash provided by financing activities.

4Operating expenses decreased 35% to $12.0M, driven by reductions across R&D, sales, and G&A.

5Accumulated deficit was $410.0M as of December 31, 2025, with total stockholders' equity of $12.5M.

Key Financial Metrics

EPS

-$6.46

-$77.16 prior year

Revenue

$5.6M

+633%

Net Income

-$9.6M

+48%

Gross Margin

36.0%

1.6% prior year

Gross Profit

$2.0M

+16808%

free cash flow

-$12.5M

Operating Income

-$10.0M

+46%

operating margin

-177.9%