Energous reports Q2 EPS (8c) vs. (65c) last year

Reports Q2 revenue $1M vs. $46,000 last year.”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 (WATT) 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.”