Energous Plunges 10.51% on Q1 Loss, Revenue Woes

Energous's stock price plummeted by 10.51% during pre-market trading on May 15, 2025, marking a significant decline for the company.

Energous, a leading provider of wireless power solutions, recently reported its first-quarter 2025 financial results. The company posted a net loss of $3.4 million, or 12 cents per share. When adjusted for non-recurring costs and severance expenses, the loss narrowed to 9 cents per share. The company's revenue for the quarter was $343,000.

Energous's financial performance reflects the challenges faced by the company in the competitive wireless charging market. The significant loss and modest revenue highlight the need for strategic adjustments and potential new revenue streams to improve profitability. Investors will be closely monitoring the company's next steps and future financial reports to gauge its progress and potential for recovery.