SAN JOSE, Calif. (AP) _ Energous Corp. (WATT) on Wednesday reported a loss of $8.5 million in its first quarter.
The San Jose, California-based company said it had a loss of 14 cents per share. Losses, adjusted for stock option expense, came to 11 cents per share.
The maker of wire-free charging technology posted revenue of $145,100 in the period. Its adjusted revenue was $145,000.
The company's shares closed at $2.90. A year ago, they were trading at $2.73.
The Associated Press