Energous reported third‑quarter 2025 results that showed revenue of $1.3 million, a 30% sequential increase and a 453% year‑over‑year jump from $0.2 million in Q3 2024. The company’s net loss narrowed to $2.1 million, a 38% improvement versus the $3.5 million loss reported a year earlier, and the GAAP loss per share fell to $1.31 from $2.18. Gross margin expanded to 36% from 35% in the prior quarter, reflecting higher sales of the PowerBridge Pro transmitter and improved operating leverage.
The revenue lift was driven largely by the PowerBridge Pro, Energous’s flagship wireless‑power transmitter. The product’s adoption accelerated in high‑value IoT markets, with new deployments announced in data‑center and industrial automation segments. Management highlighted that the company secured several large‑scale commercial wins, including a partnership with a Fortune 10 retailer to install PowerBridge Pro units across thousands of locations, which directly contributed to the volume growth. The company also reported increased sales of the PowerBridge MOD and PowerBridge PRO+ with integrated gateways, further diversifying its product mix.
Margin performance improved as the company continued to tighten cost controls. Operating expenses were reduced through targeted reductions in R&D and sales‑marketing spend, while capital expenditures were kept below the $1.5 million cap set in the prior quarter. These initiatives helped offset the higher cost of raw materials and logistics, allowing gross margin to rise by one percentage point. The narrowing net loss reflects both the revenue growth and the disciplined expense management, signaling progress toward a sustainable cash‑flow profile.
Management provided guidance for the fourth quarter and full year. For Q4, the company expects revenue of $1.4 million to $1.5 million, up from the $1.3 million guidance issued in October, and anticipates a net loss of $2.0 million to $2.2 million. Full‑year revenue guidance was raised to $5.2 million to $5.3 million from $4.9 million to $5.0 million, while the company reiterated its target for a positive operating margin by the end of 2026. The upward revision signals confidence in continued commercial adoption and the scalability of its production platform.
Against analyst expectations, the results fell short. Consensus estimates projected a loss of 5 cents per share for Q3, while Energous reported a loss of $1.31 per share—a miss of $1.36. Revenue was also below the $2.125 million consensus estimate, missing by $0.825 million. The miss is largely attributable to the company’s conservative revenue guidance, which was based on a cautious view of the capital‑intensive nature of its product deployments and the time required to secure large‑scale contracts. The company’s cost‑control measures, however, helped mitigate the impact of the revenue shortfall on its net loss.
CEO and CFO Mallorie Burak emphasized that the quarter “demonstrates the tangible progress we’re making in driving commercial adoption of our products and services, continuing our pursuit for operational excellence, and fiscal discipline.” She added that Energous is “transforming from a wireless‑power technology pioneer into a scalable solutions provider,” underscoring the company’s focus on expanding its product suite and maintaining a low total cost of ownership for customers.
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