Energous' Q3 Loss Narrows Year Over Year, Revenues Increase
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Energous Corporation (WATT) reported a narrowed loss for Q3 2024, with revenues increasing by 36.1% year over year. This growth was primarily driven by higher shipments of its commercial Power Bridge transmitter systems.
November 13, 2024 | 4:30 pm
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Energous Corporation's Q3 2024 results show a narrowed loss and a 36.1% increase in revenues, attributed to higher shipments of Power Bridge transmitter systems.
The significant year-over-year revenue increase and narrowed loss indicate positive financial performance for Energous. The growth in shipments of Power Bridge transmitter systems suggests strong demand for their products, likely boosting investor confidence and positively impacting the stock price in the short term.
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