WATT Q3 2023 Earnings — Energous Corporation Revenue & Financial Results | Market Cap Arena

WATTEnergous Corporation

$20M

Q3 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$169,000-24.3% YoY

Gross Profit

$121,00071.6% margin

Operating Income

-$5M-3006.5% margin

Net Income

-$4M-2434.3% margin

EPS (Diluted)

$-25.92

QoQ Revenue Growth

+44.4%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$4M

Stock-Based Comp.

$369,000

Balance Sheet

Total Assets

$20M

Total Liabilities

$5M

Stockholders' Equity

$15M

Cash & Equivalents

$17M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$169,000	$223,201	-24.3%
Gross Profit	$121,000	-$196,859	+161.5%
Operating Income	-$5M	-$6M	+16.8%
Net Income	-$4M	-$6M	+31.0%

Revenue Segments

Product Development Projects Revenue

$168,708100%