Energous (WATT) Misses Q2 EPS by 4c

Energous (NASDAQ: WATT) reported Q2 EPS of ($0.63), $0.04 worse than the analyst estimate of ($0.59). Revenue for the quarter came in at $300 thousand versus the consensus estimate of $830 thousand.

• Revenue of approximately $300,000
• Operating expenses of $13.2 million (GAAP), comprised of $8.7 million in research and development, $3.3 million in general and administrative costs, and $1.2 million in sales and marketing expenses
• Net loss of $12.9 million, or a loss of $0.63 per basic and diluted share
• Adjusted EBITDA (a non-GAAP financial measure) loss of $8.2 million
• $13.1 million in cash and cash equivalents at the end of the second quarter, with no debt

For earnings history and earnings-related data on Energous (WATT) click here.

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