WATT Q2 2023 Earnings — Energous Corporation Revenue & Financial Results | Market Cap Arena

WATTEnergous Corporation

$20M

Q2 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$117,000-49.8% YoY

Gross Profit

$34,00029.1% margin

Operating Income

-$6M-5237.6% margin

Net Income

-$4M-3414.5% margin

EPS (Diluted)

$-26.27

QoQ Revenue Growth

+20.6%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$6M

Stock-Based Comp.

$504,000

Balance Sheet

Total Assets

$24M

Total Liabilities

$6M

Stockholders' Equity

$18M

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$117,000	$232,971	-49.8%
Gross Profit	$34,000	-$38,413	+188.5%
Operating Income	-$6M	-$7M	+13.3%
Net Income	-$4M	-$7M	+43.1%

Revenue Segments

Product Development Projects Revenue

$117,133100%