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WebsiteIntroduction to ENERGOUS CORP
Energous Corporation (NASDAQ: WATT) develops over-the-air (OTA) wireless power networks (WPNs) that facilitate asset and inventory tracking without the need for batteries and cables. Headquartered in San Jose, California, the company offers PowerBridge transmitters and battery-free sensors to enable visibility, control, and automation across supply chains, industrial facilities, and IoT deployments.
Corporate Structure
Founded in 2012, Energous employs between 11 and 50 staff in semiconductor manufacturing and wireless power research. The common stock trades on the Nasdaq Capital Market under the ticker WATT.
Wireless power by Limor Zellermayer
Developments and News
- July 8, 2025: In a preliminary release for Q2 2025, Energous reported revenues exceeding $900,000âapproximately double the total revenue for full-year 2024âand its smallest quarterly net loss in ten years. Year-to-date revenues through June 30 reached approximately $1.3 million. The company reported the complete retirement of high-interest debt and raised $15.8 million through equity funding.
- August 11, 2025: A 1-for-30 reverse stock split became effective to comply with Nasdaqâs minimum bid requirements. Every 30 shares of common stock were consolidated into one share, with cash paid for fractional interests.
- Quarter ended September 30, 2025: Energous announced quarterly revenue of $1.3 million, a six-fold increase year-over-year, supported by a $4.2 million order backlog and ongoing deployments with Fortune 500 companies. Operational losses were reported to be at their lowest levels since 2014.
- October 8, 2025: A Form S-3 registration statement was filed to register up to 51,107 shares for resale, which includes 47,764 shares underlying warrants at $7.79 per share and 3,343 placement agent shares.
- October 15, 2025: The company filed an 8-K (items 2.02 and 9.01) disclosing material agreements and exhibits; specific financial highlights were not included in the summary.
Financial and Strategic Analysis
As of October 16, 2025, WATT closed at $11.91, reflecting a 33.82% increase, with a trading volume of 430,191 shares. The 52-week trading range is from $3.66 to $81.00. Key trailing-twelve-month metrics include:
⢠Revenue: $1.98 million
⢠Net loss: $13.7 million
⢠Diluted EPS: â$30.60
⢠Price/Sales: 2.65
⢠Price/Book: 1.41
⢠Total cash: $8.66 million
⢠Debt/Equity: 18.34%
Energousâs strategy focuses on cost management, product innovation (including the PowerBridge MOD, PowerBridge Pro+, e-Sense Tag, and e-Compass), and expanding partnerships with companies such as AWS and Fortune 10/100 enterprises. The retirement of debt and completion of equity funding efforts have contributed to the company's liquidity position, while the S-3 registration indicates potential for future capital raises or liquidity events for shareholders.
Market Position and Industry Context
Energous operates within the ambient IoT sector, addressing logistics, cold chain, and industrial automation markets where battery maintenance and cabling can hinder scalability. Its RF-based WPNs provide continuous power and BluetoothÂŽ data connectivity across various environments. Strategic partnerships, including a collaboration with Wiliot for pallet tracking with Walmart, highlight the demand for scalable, battery-free IoT solutions. With a beta of 0.60, the stock shows lower volatility compared to the S&P 500 but continues to operate at a loss while pursuing commercialization and market growth.
tl;dr
- On October 16, 2025, WATT closed at $11.91, representing a 33.82% gain amid significant trading volume.
- Q2 2025 revenue exceeded $900,000; Q3 2025 revenue was reported at $1.3 million (6Ă increase year-over-year).
- All high-interest debt has been retired; $15.8 million has been raised through equity funding.
- A 1-for-30 reverse stock split took effect on August 11, 2025; an S-3 filing on October 8, 2025, registers 51,107 shares for resale.
- Current partnerships and product launches position Energous for further development in ambient IoT deployments.
