CEO Mallorie Burak emphasized that the company has reached an inflection point, with commercial deployments at scale driving the highest recorded annual revenue to date. The deployment of over 25,000 PowerBridge transmitters without any returns indicates strong product quality and market acceptance. Furthermore, a Fortune 10 retailer's expansion from 410 to 4,700 locations highlights the growing demand for Energous' wireless power solutions.
The financial results also revealed a gross profit of $2.0 million for 2025, significantly up from approximately $12,000 in 2024, resulting in a gross margin of 36%. The company aims to continue improving its gross margin as it introduces its end-to-end solution, which includes access to its cloud-based software platform, e-Compass.
Energous' operational expenses for 2025 totaled $12.0 million, down from $18.4 million in 2024, reflecting a 35% year-over-year improvement. The net loss for the year was approximately $9.6 million, or $(6.46) per share, marking a 48% improvement compared to the previous year's loss of $18.4 million. The company ended the year with approximately $10.4 million in cash and cash equivalents, positioning it well for future growth and strategic investments.