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WATT

Energous Corporation

WATT

Energous Corporation • NASDAQ
$6.25 ▲ 2.88% (+0.17)
Market Cap $10.07 M
52w High $81.00
52w Low $3.66
Dividend Yield 0%
P/E -0.36
Volume 11.75K
Outstanding Shares 1.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.272M ▲ $2.641M ▼ $-2.113M ▲ -166.116% ▲ $-1.31 ▲ $-2.088M ▲
Q2-2025 $975K ▲ $3.118M ▼ $-2.788M ▲ -285.949% ▲ $-2.346 ▲ $-2.74M ▲
Q1-2025 $343K ▼ $3.704M ▼ $-3.366M ▲ -981.341% ▼ $-3.6 ▲ $-3.299M ▲
Q4-2024 $428K ▲ $3.722M ▲ $-4.129M ▼ -964.72% ▲ $-9 ▲ $-3.465M ▼
Q3-2024 $230K $3.505M $-3.412M -1.483K% $-15 $-2.959M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $12.898M ▲ $17.837M ▲ $4.111M ▲ $13.726M ▲
Q2-2025 $8.662M ▼ $12.337M ▼ $3.563M ▼ $8.774M ▼
Q1-2025 $10.085M ▲ $13.377M ▲ $3.881M ▼ $9.496M ▲
Q4-2024 $1.353M ▼ $3.795M ▼ $4.872M ▲ $-1.077M ▼
Q3-2024 $1.451M $3.95M $3.516M $434K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.113M ▲ $-2.466M ▲ $-6K ▲ $6.708M ▲ $4.236M ▲ $-2.472M ▲
Q2-2025 $-2.788M ▲ $-2.878M ▲ $-16K ▲ $1.471M ▼ $-1.423M ▼ $-2.894M ▲
Q1-2025 $-3.366M ▲ $-4.668M ▼ $-21K ▼ $13.421M ▲ $8.732M ▲ $-4.689M ▼
Q4-2024 $-4.129M ▼ $-2.682M ▲ $0 ▲ $2.584M ▲ $-98K ▲ $-2.682M ▲
Q3-2024 $-3.412M $-4.048M $-65K $709K $-3.404M $-4.113M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product Development Projects Revenue
Product Development Projects Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, Energous has essentially been a pre‑revenue company: no meaningful sales are showing up in the historical figures, while operating losses have persisted each year. The losses themselves appear to be slowly narrowing, but they are still material relative to the company’s very small size. Earnings per share look sharply negative, reflecting both ongoing losses and the impact of repeated reverse stock splits. Overall, the income statement tells a story of a company still in the investment and development phase, not yet in a stable commercial phase, and highly dependent on future revenue ramp‑up to change the picture.

Balance Sheet

Balance Sheet The balance sheet has been steadily shrinking. Cash and total assets have declined to very low levels, and shareholder equity has been eroding alongside them. On the positive side, Energous carries no debt, so it is not burdened by interest payments or looming repayments to lenders. However, the absence of debt is outweighed by the extremely thin capital base: there is very little cushion if losses continue. The repeated reverse stock splits also hint that the company has struggled with its market valuation and likely relied on equity markets to stay funded in the past. Overall, the balance sheet looks fragile and points to a strong dependence on fresh capital or a rapid improvement in business performance.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, which is typical for a company still building and commercializing new technology, but it also means the business has been burning cash every year. With essentially no spending on large physical assets, the cash outflow is driven mainly by operating costs such as research, development, and overhead. Because starting cash has shrunk to a very low level, the room to keep funding these outflows without new money coming in looks limited. Put simply, the business model so far has been cash‑consuming rather than cash‑generating, and the margin for error appears to be getting tighter.

Competitive Edge

Competitive Edge Energous has tried to build a niche in wireless power with its WattUp technology, focusing especially on powering networks of small devices in the Internet of Things. Its strengths include a sizeable patent portfolio, early regulatory approvals for power‑at‑a‑distance, and a clear specialization in radio‑frequency wireless charging rather than traditional coil‑based pads. These factors create some barriers for direct copycats. At the same time, the company operates in a competitive landscape that includes established charging standards, large semiconductor firms, and other wireless‑power startups. The gap between the strong technology story and the very weak historical revenue suggests that commercial adoption has been slow and that the company’s competitive advantage is still more technological than commercial. Customer concentration and dependence on a few high‑profile deployments, such as large retail or IoT projects, could be a key risk if any such projects stall or fail to scale.

Innovation and R&D

Innovation and R&D Innovation is the clear centerpiece of Energous. The WattUp platform, its PowerBridge transmitters, tiny receiver chips, AI‑enhanced modules, and battery‑free tags all point to a company pushing the frontier of how small devices can be powered without cables or frequent battery changes. The firm has also invested heavily in navigating complex regulatory regimes worldwide, which is itself a form of innovation and know‑how. The long‑term vision of creating something like a “Wi‑Fi of power” is ambitious and, if realized, could support a broad ecosystem. The flip side is that sustained research and development without corresponding commercial traction has already weighed heavily on the financials. Future success hinges on converting this rich technology roadmap and patent base into widespread, paying deployments rather than remaining primarily a research‑driven enterprise.

Summary

Taken together, the data portray Energous as a highly innovative but financially fragile technology company. On the one hand, it has differentiated wireless‑power technology, meaningful regulatory milestones, and a clear strategic focus on IoT power networks. On the other hand, historical financials show essentially no revenue, persistent losses, continual cash burn, and a balance sheet with very little remaining cushion. Narrative indications of newer contracts and revenue growth are not yet visible in the backward‑looking numbers provided, which introduces uncertainty about how fully those opportunities will materialize. The company’s future appears to hinge on a few critical factors: successful large‑scale commercialization of its technology, the ability to secure and execute sizable partnerships, and access to additional funding if needed. This combination creates a high‑risk, high‑uncertainty profile where execution on the business side is likely to matter as much as, or more than, the underlying technology.

NEWS

November 12, 2025 · 7:00 AM UTC

Energous Wireless Power Solutions Reports Third Quarter 2025 Results

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October 15, 2025 · 7:00 AM UTC

Energous Reports Further Increase in Quarterly Revenue, Driven by Accelerating Adoption of Wireless Power Networks

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September 10, 2025 · 10:45 AM UTC

Energous Announces Registered Direct Offering and Concurrent Warrant Exercise for $5 Million in Gross Proceeds Priced At-the-Market Under Nasdaq Rules

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