Energous Corporation (NASDAQ: WATT) will publish its first‑quarter 2026 financial results on May 13, 2026, and host a live investor conference call at 4:30 p.m. Eastern Time. The company’s chief executive officer and chief financial officer, Mallorie Burak, said the momentum built in 2025 has continued to grow in 2026, with two active Fortune 10 commercial deployments expanding in scope and geography and a growing proof‑of‑concept pipeline spanning multiple industries.
Energous’ 2025 financial performance underscored that momentum: revenue rose to $5.6 million, a 633% year‑over‑year increase from $0.8 million in 2024, while the net loss narrowed by 48%. Gross margin improved dramatically to 36% from roughly 2% in the prior year, reflecting higher‑margin commercial deployments and better cost control. The company’s Q4 2025 revenue of $3.0 million also marked a 139% jump from the previous quarter, indicating accelerating demand for its wireless‑power solutions.
The company’s commercial strategy is anchored by two Fortune 10 customers that have deployed Energous infrastructure across thousands of sites. One customer has installed over 1,500 units in the United States, while the other has expanded internationally, together accounting for 85% of 2025 revenue. The expanding proof‑of‑concept pipeline, coupled with a second U.S.‑based contract manufacturer, positions Energous to scale production and broaden its geographic reach.
Burak emphasized the company’s growing capabilities: "The momentum we established in 2025 has continued to build in 2026, with two active Fortune 10 commercial deployments expanding in scope and geography, and a growing proof‑of‑concept pipeline spanning multiple industries." She added, "The trajectory of our business merits regular, direct dialogue with our shareholders, and we are committed to maintaining that standard of transparency going forward." She also noted, "The momentum that defined 2025 has carried into early 2026. The commercial infrastructure we built last year, recently expanded manufacturing capacity, a strengthened balance sheet, and a growing portfolio of active deployments, is enabling us to pursue opportunities at a pace and scale that was not possible twelve months ago."
The combination of rapid revenue growth, margin expansion, and a diversified deployment portfolio signals a strengthening financial position and a clear path to further scale. Energous’ focus on expanding its customer base beyond a single large customer, coupled with increased manufacturing capacity, should mitigate concentration risk and support sustained growth. The upcoming earnings release will provide detailed guidance and further insight into the company’s trajectory, offering investors a clearer view of its long‑term prospects.
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