$WATT reports Q4 2022 financials and plans for revenue growth
Mar 9th 2023, 9:17 pm
Analyst Summary: Energous Corporation (NASDAQ: WATT) has reported financial results for Q4 2022. The company's RF-based charging for wireless power networks is gaining momentum and it remains focused on increasing customer deployments of its technology to drive revenue growth. Energous is optimistic about the value its RF-based wireless power networks can bring to IoT technology. The company is the wireless power network global leader and has received the world’s first FCC Part 18 certification for at-a-distance wireless charging. Energous reported non-GAAP net loss for Q4 2022 and has provided reconciliation of non-GAAP information. The company is looking forward to discussing its recent progress and prospects for the future in its upcoming conference call. CEO, Cesar Johnston, said, “Looking ahead to 2023, we are laser focused on increasing customer deployments of our technology to drive adoption and ultimately revenue growth. We intend to accomplish this in three primary ways: by delivering technical leadership, expanding our partnerships and securing customer success through production ramps."