Stock Taper
| DATE | TYPE | RATIO |
|---|---|---|
| 2025-08-11 | Reverse | 1:30 |
| 2023-08-16 | Reverse | 1:20 |
Energous Corporation, founded in 2012 and based in San Jose, CA, develops WattUp RF-based wireless charging solutions for various devices including wearables, medical, IoT, and consumer electronics.
The PowerBridge Pro is a wireless power transmitter, recently approved for commercial use in the EU and UK, enabling over-the-air charging for devices and supporting Energous's expansion in supply chain automation.
Energous announced preliminary second-quarter 2025 financial results, highlighted by expected revenues exceeding $900,000, which contributed to a year-to-date revenue nearly double that of the entire 2024 fiscal year. The company also anticipated its lowest quarterly net loss in a decade, signaling a significant positive shift in financial performance and operational efficiency.
In the first half of 2025, Energous's leadership made a deliberate strategic decision to aggressively utilize its at-the-market (ATM) equity program, raising over $15.8 million. This capital infusion was critical to stabilizing the company's financial position and providing the necessary growth capital to fund its operational needs, including fulfilling a significant order backlog and accelerating a large-scale deployment with a Fortune 10 retailer.
Overall rating: C
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