Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a strategic partnership with Xentris Wireless to develop ruggedized products for military applications using the company's radio frequency based charging technology. The company's products are used in home, medical, automotive, industrial, military and office. Energous Corporation was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. The company was founded in 2012 and is headquartered in San Jose, California.
IPO Year: 2014
Exchange: NASDAQ
Website: energous.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/16/2024 | $2.00 | Neutral → Buy | Ladenburg Thalmann |
| 4/5/2024 | $3.50 → $2.00 | Buy → Neutral | Ladenburg Thalmann |
| 7/30/2021 | $5.00 → $4.00 | Buy | Roth Capital |
SAN JOSE, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT) (the "Company," "we," or "our"), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced financial results for the first quarter ended March 31, 2025 and provided an update on recent events and Company highlights. "As the Company enters the second quarter of 2025, we have continued to focus on executing the strategic initiatives established during 2024, including creating an efficient infrastructure and fortifying partner relationships ripe with expansion opportunities for deploying our scalable, RF-based wireless power network solutions
PowerBridge Pro Transmitter Drives Nationwide Rollout of Wireless Power Networks Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a leader in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced the acceleration of its deployment timeline with a Fortune 10 multinational retailer. This implementation is part of an infrastructure modernization initiative aimed at upgrading approximately 4,700 retail locations across the United States. The rollout features the Energous PowerBridge Pro transmitter, a cornerstone of the retailer's new WPN program. Since commencing the deployment phase in 2024, Energous has shipped over 4,000 PowerBridge Pro un
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced two new additions to its PowerBridge family of WPN transmitter systems. The new solutions will provide greater flexibility for enterprise customers in optimizing visibility into the asset journey defined by their specific application requirements. The new Energous PowerBridgeMOD offers flexibility and use case adaptability, as it can be deployed in a variety of applications, pushing the boundaries of asset tracking and data management. This adaptable transmitter solution, equipped with clusters of "smart" antennas, will help b
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced an update on recent financing activities and plans for future business growth. During the first two months of 2025, the company successfully raised net proceeds of $13.4 million under its "at-the-market" common stock equity offering program (the "ATM Program"), which greatly stabilized its financial position and will provide growth capital to fulfill current and future backlog and other operational needs. In mid-February 2025, Energous also increased the capacity for sales of common stock under the ATM Program to up to $80 million of
SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT) (the "Company"), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced financial results for the year ended December 31, 2024, and provided an update on recent partnerships and Company highlights. Fiscal Year 2024 Financial Results Revenue for the year ended December 31, 2024 of $0.8 million versus approximately $0.5 million in 2023, representing a 62% increase year over year. 2024 represented a pivotal shift in revenue generation for the Company. Whereas approximately 80% of 2023 revenue consisted of non-recurring engineering service
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), announced today it has joined the Amazon Web Services (AWS) Partner Network (APN). The APN is a global community of AWS Partners that leverage programs, expertise, and resources to build, market, and sell customer offerings. A growing number of retailers are using Internet of Things (IoT) technologies to increase visibility, control, and automation, as products from perishable food items to non-perishable dry goods are transported to and from warehouses, grocery distribution centers, and local stores. Energous will play a critical role in the crea
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), today announced a year of positive milestones and increased momentum in 2024, reinforced by the growing market demand for its WPN solutions. Recent highlights include: Won an IoT Breakthrough Award for IoT Connected Retail Innovation of the Year Awarded a scalable, multi-phase contract with a Fortune 10 retailer Received multiple orders from a multinational retailer for grocery distribution Received full FCC certification for its Energous 2W PowerBridge transmitter Shipped first orders to a multinational technology company for rever
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), today announced it has been selected as winner of the "IoT Connected Retail Innovation of the Year" award in the 9th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today. The 2025 IoT Breakthrough Award recognizes the breakthrough innovation of the Energous 2W PowerBridge transmitter system, which provides continuous access to wireless power, ensuring IoT-enabled devices such a
Energous 2W PowerBridge Transmitter Integrated for Deployment in Over 4,700 US Locations Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced it has been awarded the first phase of a multi-stage project by a Fortune 10 multinational retailer. This modernization project is part of a nationwide infrastructure optimization program undertaken by the retailer, which is expected to upgrade approximately 4,700 retail locations over the next three to five years. As part of this initial phase of the project, more than 1,500 Energous 2W PowerBridge transmitter systems are anticipated t
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced financial results for the three months ended September 30, 2024, and provided an update on recent partnerships and company highlights. Third Quarter 2024 Financial Results Revenue for the three months ended September 30, 2024 of $230 thousand versus approximately $169 thousand in the same 2023 period, representing a 36% increase year over year. Costs and expenses for the three months ended September 30, 2024 totaled $3.8 million versus $5.3 million in the same 2023 period. Total third quarter 2024 GAAP costs and expenses consi
Ladenburg Thalmann upgraded Energous from Neutral to Buy and set a new price target of $2.00
Ladenburg Thalmann downgraded Energous from Buy to Neutral and set a new price target of $2.00 from $3.50 previously
Roth Capital reiterated coverage of Energous with a rating of Buy and set a new price target of $4.00 from $5.00 previously
Roth Capital reiterated coverage of Energous with a rating of Buy and set a new price target of $5.00 from $7.00 previously
Roth Capital reiterated coverage of Energous with a rating of Buy and set a new price target of $7.00 from $5.00 previously
SC 13G/A - Energous Corp (0001575793) (Subject)
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for the year ended December 31, 2023, and provided an update on recent partnerships and company highlights. 2023 Financial Results 2023 revenue of approximately $0.5 million versus $0.9 million in 2022. Total costs and expenses were significantly reduced in 2023 from approximately $27.5 million in 2022 to approximately $22.6 million in 2023, representing a cost reduction of $4.9 million year over year. The 2023 costs consist of approximately $0.3 million in cost of revenue, $10.8 million in research and development (R&D) expenses, $11.1 million
Cesar Johnston Is No Longer Serving as President & CEO Board of Directors Conducting Search for Successor; Establishes Office of the Chair to Lead Operations in Interim Period Energous Corporation (NASDAQ:WATT), a leading developer of RF-based intelligent wireless power networks, today announced that Cesar Johnston is no longer serving in his role as President & CEO of Energous, effective immediately. The Board of Directors has initiated a search to identify a permanent successor. He will remain on the Company's Board of Directors. Reynette Au, Chair of the Board, stated: "On behalf of the full Board, I want to thank Cesar for his contributions to Energous, particularly for his work s
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based wireless power networks, today announced that it will hold a conference call on Thursday, March 28, at 1:30 p.m. PT (4:30 p.m. ET) to discuss its financial results for the year ended December 31, 2023. Interested parties can access the call by dialing 1-888-317-6003 within the United States or 1-412-317-6061 from international locations and providing the participant entry number 7297731. A question-and-answer session will follow management's prepared remarks, at which time the operator will provide instructions for qualified equity analysts to submit questions. The call also will be broadcast on the Energous website at
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its third quarter ended September 30, 2023. Unaudited 2023 Third-Quarter Financial Results For the third quarter ended September 30, 2023, Energous reported: Revenue of approximately $168,708, a 44% increase over Q2 2023 Costs and expenses of approximately $5.3 million, with approximately $48,394 in cost of revenue, $2.5 million in research and development expenses, and $2.5 million in sales, marketing, general and administrative expenses Net loss of approximately $(4.1) million, or $(0.86) per basic and diluted share, compared to a net
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based wireless power networks, today announced that it will hold a conference call on Thursday, November 9, at 1:30 p.m. PT (4:30 p.m. ET) to discuss its financial results for the three months ended September 30, 2023. Interested parties can access the call by dialing 1-800-830-9649 within the United States or 1-213-992-4624 from international locations. A question-and-answer session will follow management's prepared remarks, at which time the operator will provide instructions for qualified equity analysts to submit questions. The call also will be broadcast on the Energous website at www.energous.com, where it will be archi
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its second quarter ended June 30, 2023. Unaudited 2023 Second-Quarter Financial Results For the second quarter ended June 30, 2023, Energous reported: Revenue of approximately $117,133, a 21% increase over Q1 2023 Costs and expenses of approximately $6.2 million, with approximately $82,818 in cost of revenue, $2.9 million in research and development, and $3.2 million in sales, marketing, general and administrative expenses Net loss of approximately $(4.0) million, or $(0.04) per basic and diluted share Adjusted net non-GAAP loss of a
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based wireless power networks, today announced that it will hold a conference call on Thursday, August 10, at 1:30 p.m. PT (4:30 p.m. ET) to discuss its financial results for the three months ended June 30, 2023. Interested parties can access the call by dialing 1-888-317-6003 within the United States or 1-412-317-6061 from international locations and providing the participant entry number 8033977. A question-and-answer session will follow management's prepared remarks, at which time the operator will provide instructions for qualified equity analysts to submit questions. The call also will be broadcast on the Energous websit
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its first quarter ended March 31, 2023, and provided an update on its partnership and regulatory highlights. Unaudited 2023 First-Quarter Financial Results For the first quarter ended March 31, 2023, Energous reported: Revenue of approximately $96,676, compared to $215,961 in the 2022 first quarter Costs and expenses of approximately $6.4 million, with approximately $138,813 in cost of revenue, $3.1 million in research and development, and $3.2 million in sales, marketing, general and administrative expenses Net loss of approximately $(
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based wireless power networks, today announced that it will hold a conference call on Wednesday, May 10, at 1:30 p.m. PT (4:30 p.m. ET) to discuss its financial results for the three months ended March 31, 2023. Interested parties can access the call by dialing 1-888-317-6003 within the United States or 1-412-317-6061 from international locations and providing the participant entry number 3588640. The call also will be broadcast on the Energous website at www.energous.com, where it will be archived through May 2024. For those unable to attend the live call, a replay will be available through May 24, 2023, by dialing 1-877-344
Energous Corporation (NASDAQ:WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its fourth quarter ended December 31, 2022, and provided an update on recent partnerships and company highlights. Unaudited 2022 Fourth-Quarter Results For the fourth quarter ended December 31, 2022, Energous reported: Revenue of approximately $179,000, versus $225,000 in the 2021 fourth quarter – full-year revenue of approximately $851,000 increased 12.5% from approximately $757,000 in 2021. Total costs and expenses of approximately $6.5 million, with approximately $383,000 in cost of revenue, $2.9 million in research and development (R&D) ex
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ:WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced the appointment of Mallorie Burak as its permanent Chief Executive Officer and as a member of the Board, each effective immediately. Burak will continue to serve as the Company's Chief Financial Officer. Building on her recent roles as Interim Chief Executive Officer and Chief Financial Officer, Burak brings executive leadership, a range of experiences, and a broad skillset to Energous, positioning the company for accelerated growth and innovation. Burak joined Energous Wireless Power Solutions in January 2024 as Chief Financial Offi
Energous Corporation (NASDAQ:WATT), an industry leader in RF-based wireless power network solutions, announced today that the board of directors appointed Mallorie Burak as Energous' Chief Financial Officer effective January 15, 2024. Susan Kim van-Dongen, the Company's prior Interim Chief Financial Officer, stepped down on January 15, 2024. Ms. Burak has over 17 years of experience in chief financial executive roles for private, NASDAQ, and OTCQX-listed technology companies. Before joining Energous, Ms. Burak served as President and CFO of Knightscope, Inc., an advanced public safety technology company, CFO of ThinFilm Electronics ASA, a solid-state lithium battery start-up, and CFO of A
Johnston's transition to permanent leadership role at the wireless charging technology developer effective Dec. 6, 2021 Energous Corporation (NASDAQ:WATT), the developer of WattUp® technology, today announced that Cesar Johnston has been appointed chief executive officer effective Dec. 6, 2021. Johnston has been with the company for the past seven years, first serving as chief operating officer and executive vice president of engineering, and as acting CEO since July 2021. "Cesar has maintained a focus on execution and business strategy during this interim period and has guided Energous through an impressive wave of recent regulatory approvals of our wireless power transfer technology," s
BERKELEY, Calif., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Rigetti Computing, a pioneer and global leader in full-stack quantum computing, announced today that it has appointed Brian Sereda as Chief Financial Officer. Sereda joins the company with over 25 years of senior level finance experience, including approximately 15 years of prior CFO experience across different technology companies. He most recently served as Chief Financial Officer at Energous Corporation (NASDAQ:WATT) where he raised a significant amount of working capital and oversaw finance, legal, investor relations, human resources, and IT. With a strong operational and capital markets background, he brings a proven track record
Cesar Johnston, COO and EVP of engineering, appointed acting CEO; Bill Mannina to become interim CFO, and Kathleen Bayless joins board of directors and audit committee Energous Corporation (NASDAQ:WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, today announced several changes to the composition of the board and its leadership team, including its CEO and CFO positions. These changes follow the official retirement of former company president and CEO Stephen R. Rizzone last month. Effective immediately, Cesar Johnston will assume the role of acting CEO. Johnston has been with the company for the past seven years, most recently serving as chief operating offi
Company Has Initiated Search for New CEO Energous Corporation (NASDAQ:WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, today announced that the Company's President and Chief Executive Officer, Stephen R. Rizzone, has retired from the Company following a leave of absence due to health reasons earlier this year. Rizzone has also relinquished his seat on the Company's Board of Directors. In April 2021, Energous formed an Office of the CEO, comprised of executive officers Brian Sereda, Senior Vice President and Chief Financial Officer; Cesar Johnston, Chief Operating Officer and Executive Vice President of Engineering; and Neeraj Sahejpal, Senior Vice Preside
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