Energous Corporation (Nasdaq: WATT), a wireless power technology company focusing on battery-free smart tags for supply chain monitoring, showed progress in top-line performance and narrowing operating losses in 2025. The company recorded a net loss of $9.6 million and maintained strong liquidity with $10.4 million in cash and equivalents at year-end. Capital raises in late 2025 bolstered the balance sheet, supporting ongoing investments in technology development and commercialization. Although revenue details remain limited, the firm’s contracts with multinational retailers highlight commercial traction. Challenges persist around scaling operations profitably amidst competitive pressures and evolving market dynamics.