WATT Q1 2023 Earnings — Energous Corporation Revenue & Financial Results | Market Cap Arena

WATTEnergous Corporation

$20M

Q1 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$97,000-55.1% YoY

Gross Profit

-$42,000-43.3% margin

Operating Income

-$6M-6488.7% margin

Net Income

-$7M-6858.8% margin

EPS (Diluted)

$-49.03

QoQ Revenue Growth

-45.9%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$522,000

Balance Sheet

Total Assets

$29M

Total Liabilities

$8M

Stockholders' Equity

$21M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$97,000	$215,961	-55.1%
Gross Profit	-$42,000	$12,712	-430.4%
Operating Income	-$6M	-$7M	+12.0%
Net Income	-$7M	-$7M	+7.0%

Revenue Segments

Product Development Projects Revenue

$96,676100%