Watt yahoo finance news7/13/2023 ![]() ![]() Today, we are proud to report that our 2022 efforts have now resulted in multiple customers purchasing our evaluation kits to learn about our technology. Our target was to create new active energy harvesting IoT wireless-powered network ecosystems for these applications while adding value to our customers. In 2022, we pivoted the company and our efforts to support applications for RF tax, electronic shelf labels and IoT sensors with a combined total addressable market of $280 billion according to IDC report data. Our main goal is to enable our customers with the technology elements and capability to build IoT wireless-powered networks. During the year 2022, we focused the company on our vision to be the leader in eliminating batteries and cables by unleashing the full potential of IoT through wireless-powered networks. I will end this call with an overview of our direction and business goals for 2023. Let's begin this call by summarizing our 2022 highlights, followed by a discussion of specific achievements in Q4 2022. It is the end of our fiscal year and the culmination of 12 months of significant accomplishments, which also sets the foundation of an exciting 2023 with strong partnerships and business momentum. Joining me is Bill Mannina, our Acting Chief Financial Officer. Good afternoon and welcome to the Energous 2022 fourth quarter conference call. Please go ahead, Cesar.Ĭesar Johnston: Thanks, Matt. Now, I would like to turn the call over to Cesar Johnston, CEO of Energous. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included in today's press release, which is posted on the company's website. Also please note that during this call, Energous will be discussing non-GAAP financial measures as defined by SEC Regulation G. Except as otherwise required by federal laws, Energous disclaims any obligation or undertaking to publicly release updates or revisions to the forward-looking statements contained herein or elsewhere to reflect changes in expectations with regard to those events, conditions and circumstances. These statements whether in prepared remarks or during the Q&A session, are subject to inherent risks and uncertainties that are detailed in the company's filings with the Securities and Exchange Commission. Before we begin, I would like to remind participants that during today's call, the company will make forward-looking statements. ![]() Matt Sullivan: Thank you, Dave and welcome everyone. I would now like to turn the conference over to Matt Sullivan, Investor Relations. Operator: Good day and welcome to the Energous Corporation Fourth Quarter 2022 Financial Results. Energous Corporation (NASDAQ: WATT) Q4 2022 Earnings Call Transcript March 9, 2023 ![]()
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