8-K
Energous Corp (WATT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 8, 2025
ENERGOUS CORPORATION
(Exact name of registrant as specified in itscharter)
| Delaware | 001-36379 | 46-1318953 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
3590
North First Street, Suite 330
San Jose, California 95134
(Address, including zip code, of principal executiveoffices)
Registrant’s telephone number, including
area code: (408) 963-0200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities<br>Act (17 CFR 230.425) |
|---|---|
| ¨ | Soliciting material pursuant to Rule 14a-12 under<br>the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under<br>the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under<br>the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each<br> class registered | Trading symbol(s) | Name of each<br> exchange on which <br><br>registered |
|---|---|---|
| Common Stock, par value $0.00001 per share | WATT | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 2.02. | Results of Operations and Financial Condition. |
|---|
On July 8, 2025, Energous Corporation (d/b/a Energous Wireless Power Solutions) issued a press release announcing its preliminary unaudited revenue and other financial information for the three and six months ended June 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
|---|
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated July 8, 2025 |
| 104 | Cover Page Interactive Data File (embedded as Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ENERGOUS CORPORATION | ||
|---|---|---|
| Date: July 8, 2025 | By: | /s/ Mallorie Burak |
| Name: | Mallorie Burak | |
| Title: | Chief Executive Officer and Chief Financial Officer |
Exhibit 99.1
Energous Reports Preliminary Record QuarterlyRevenue, Achieves Lowest Net Loss in Ten Years, and Retires High-Interest Debt
Milestone quarter underscores the company’s turnaround andpath to sustainable, profitable growth
SAN JOSE, Calif., July 8, 2025 — Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a leader in over-the-air (OTA) wireless power networks, today announced preliminary results for its second quarter of 2025, reflecting significant progress in revenue growth, cost discipline, product innovation, and balance sheet strength.
Energous expects to report revenue for the quarter ended June 30, 2025, totaling in excess of $900,000, and expects to deliver the lowest quarterly net loss in the last ten years.
Year-to-date 2025 revenue through June 30 is expected to be approximately $1.3 million, nearly double the company’s total revenue for all of 2024. “This strong commercial momentum reflects increasing demand for Energous’ wireless power solutions across logistics, retail, industrial, and enterprise IoT markets,” according to Mallorie Burak, CEO and CFO of Energous.
Energous also anticipates an estimated net loss of approximately $3 million for the second quarter, a nearly 11% improvement from the prior quarter and a 30% improvement compared to the prior year quarter – representing the lowest quarterly net loss in the last ten years. The company attributes the positive momentum to disciplined cost management and operational efficiencies implemented over the past year.
“We believe these results are the clearest evidence yet thatour strategy is working,” Burak emphasized. “We’ve sharpened our focus, streamlined our operations, strengthened ourbalance sheet, and accelerated product innovation culminating in several major new product launches – all while driving top-linegrowth and closing the gap to profitability. We believe that Energous is now well-positioned for long-term, sustainable success.”
Balance Sheet Transformation
The company also announced it has fully retired its high-interest debt, eliminating a significant burden from its balance sheet. In addition, in the first half of the year, Energous has raised approximately $15.8 million, net, in funding through its at-the-market (ATM) equity program, reinforcing its liquidity and enabling continued investment in growth initiatives.
Commercial Traction and Strategic Partnerships
Energous continues to gain commercial traction through deepening relationships with global technology and retail industry leaders. The company has recently expanded engagements with multiple Fortune 10 and Fortune 100 companies across the U.S. and Europe, reflecting growing demand for its wireless power technologies. In addition, Energous secured an approved proof-of-concept deployment through an Amazon Web Services (AWS) enterprise referral and formed a strategic alliance with HaiLa Technologies to target emerging ambient IoT use cases.
Product Innovation Driving Market Leadership
In parallel with its financial progress, Energous has continued to expand its portfolio of industry-leading wireless power technologies with multiple product introductions in the second quarter of 2025. These include the PowerBridge MOD and PowerBridge Pro+, next-generation wireless power transmitters powered by AI, as well as the e-Sense Tag and e-Compass – an end-to-end solution enabling battery-free wireless IoT sensing and asset tracking. Together, these innovations underscore Energous’ growing role in shaping the next generation of smart, sustainable, and scalable power networks for a connected world.
“Our performance in the first half of 2025 marks a true inflectionpoint for Energous,” Burak concluded. “Ambient IoT is rapidly emerging as the foundation for real-time visibility, automation,and intelligence across supply chains and beyond – and Energous is helping lead this transformation. With a growing portfolio ofcertified technologies and successful deployments, we’re delivering the wireless power infrastructure needed to support this newgeneration of connected, battery-less devices. We’re well-positioned to carry this momentum into the second half of the year andbeyond.”
The financial information included in this press release is preliminary, unaudited, and subject to adjustment. It does not present all information necessary for an understanding of the company’s financial results for the second quarter of 2025. The company expects to report its complete financial results for the second quarter of 2025 by mid-August 2025.
About Energous Corporation
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) has been pioneering wireless charging over distance technology since 2012. Today, as a global leader in wireless charging for electronic devices, the company’s networks are safely and seamlessly powering its customers’ RF-based systems in a variety of industries, including retail, industrial, healthcare, logistics, and more. Its total network solution is designed to support a near-limitless variety of applications, including inventory and asset tracking, smart manufacturing, electronic shelf labels, IoT sensors, smart agriculture, and more via regulatory-approved contact and non-contact solutions. The number of devices in these settings is growing dramatically, and the need to manage and reduce the costs associated with powering them is growing in parallel. Energous is the first and only company with regulatory approvals for any power-at-a-distance wireless charging technology. The company has 343 issued patents for its proprietary technology and is partnering with industry leaders to advance the deployment of wireless power networks. For more information, please visit www.energous.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about company strategy and performance, cost-saving initiatives, and overall quarterly results. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
Contacts
Energous PR
samantha@griffin360.com
Energous IR
ir@energous.com