Energous Q4 EPS $(0.74) Beats $(0.85) Estimate, Sales $91.67K Miss $200.00K Estimate
Portfolio Pulse from dijoy@benzinga.com
Energous (NASDAQ:WATT) reported Q4 earnings with a loss of $(0.74) per share, surpassing the $(0.85) estimate, marking a 47.14% improvement year-over-year. However, their sales of $91.67K fell short of the $200.00K estimate, a 48.84% decrease from the previous year.

March 28, 2024 | 9:38 pm
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Energous reported a smaller loss than expected at $(0.74) per share vs. $(0.85) estimate but missed sales estimates with $91.67K against a $200.00K forecast.
While the better-than-expected EPS could be seen as a positive sign, the significant miss on sales forecasts may raise concerns about revenue growth and market demand for Energous's products. The mixed results present a neutral outlook in the short term as investors weigh the improved loss margins against the disappointing sales performance.
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