Energous 2023 Revenue $500K vs $900K Last Year, EPS $(4.15) vs $(6.78) YoY
Portfolio Pulse from Benzinga Newsdesk
Energous reported a decrease in its annual revenue to $500K in 2023 from $900K in the previous year. The company's earnings per share (EPS) improved to $(4.15) from $(6.78) year-over-year.

March 28, 2024 | 8:54 pm
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NEUTRAL IMPACT
Energous reported a decrease in annual revenue to $500K for 2023, down from $900K the previous year, but saw an improvement in EPS to $(4.15) from $(6.78) YoY.
The decrease in revenue indicates a potential challenge in sales or market demand for Energous, which could concern investors. However, the improvement in EPS suggests cost management or operational efficiencies that have positively impacted the bottom line. The mixed financial results present a neutral outlook, as the positive EPS improvement may offset concerns about the revenue decline in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100