Energous Corp WATT
We have developed scalable, over-the-air Wireless Power Network ("WPN") technology that integrates advanced semiconductor chipsets, software controls, hardware designs, and antenna systems to enable radio frequency ("RF")-based charging for ambient Internet of Things ("IoT") devices, transforming supply chain capabilities from limited tracking to overall business intelligence. Our WPN technology consists of transmitter systems, receiver integrated circuits, and supporting software designed to deliver power and data to battery-free IoT devices across a range of operating distances and power levels. These capabilities support applications that require continuous operation without wired power connections or periodic battery replacement.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Europe
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $5.2M | $651.0K |
| Europe | $420.0K | $82.0K |
| Other | $24.0K | $35.0K |
As the company reported it, from the “Revenue Recognition - Schedule of disaggregation of revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6M | $768.0K | $474.0K | $851.3K | $756.8K | $327.4K | $200.1K | $514.8K | $1.2M | $1.5M |
| Cost of revenue | $3.6M | $756.0K | $279.0K | $1.3M | — | $126.5K | — | — | — | — |
| Gross profit | $2.0M | $12.0K | $195.0K | -$426.2K | — | $200.8K | — | — | — | — |
| R&D | $4.1M | $7.7M | $10.8M | $12.5M | $20.6M | $17.1M | $23.2M | $32.9M | $33.2M | $32.8M |
| SG&A | $4.5M | $6.3M | $7.3M | $8.1M | $9.0M | $9.2M | $10.4M | $12.4M | $12.1M | $11.2M |
| Total operating expenses | $12.0M | $18.4M | $22.3M | $27.5M | $42.2M | $32.2M | $39.0M | $51.4M | $50.5M | $47.3M |
| Operating income | -$10.0M | -$18.4M | -$22.1M | -$26.7M | -$41.4M | -$31.9M | -$38.8M | -$50.9M | -$49.4M | -$45.8M |
| Interest expense | $166.0K | — | $809.0K | $411.1K | $5.5K | $71.2K | $416.3K | $89.3K | $11.7K | $13.3K |
| Pre-tax income | -$9.6M | -$18.4M | -$19.4M | — | — | — | — | — | — | — |
| Income tax | — | $0 | $0 | — | — | — | — | — | — | — |
| Net income | -$9.6M | -$18.4M | -$19.4M | -$26.3M | -$41.4M | -$31.8M | -$38.4M | -$50.8M | -$49.4M | -$45.8M |
| EPS, basic | -6.46 | -77.16 | -4.15 | -6.78 | -0.64 | — | — | — | — | — |
| EPS, diluted | -6.46 | -77.16 | -4.15 | -6.78 | -0.64 | -0.76 | -1.27 | -1.99 | -2.31 | -2.60 |
| Shares, diluted (wtd. avg.) | 1.5M | 238,453 | 4.7M | 3.9M | 64.9M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.4M | $1.4M | $13.9M | $26.3M | $49.1M | $50.7M | $21.7M | $20.1M | $12.8M | $31.3M |
| Receivables | $3.0M | $78.0K | $102.0K | $143.4K | $283.6K | $75.8K | $63.1K | $44.5K | $0 | $149.5K |
| Inventory | $1.5M | $498.0K | $430.0K | $105.8K | — | — | — | — | — | — |
| Total current assets | $15.3M | $2.9M | $15.0M | $27.4M | $50.2M | $51.4M | $22.2M | $20.8M | $13.9M | $32.9M |
| Property, plant and equipment | $298.0K | $356.0K | $429.0K | $429.0K | $510.2K | $402.7K | $626.5K | $1.2M | $1.4M | $2.2M |
| Total assets | $16.7M | $3.8M | $16.7M | $29.8M | $51.4M | $53.1M | $24.9M | $22.0M | $15.4M | $35.3M |
| Accounts payable | $954.0K | $1.9M | $1.9M | $900.8K | $1.2M | $1.1M | $1.7M | $1.9M | $2.0M | $4.7M |
| Short-term debt | $88.0K | $818.0K | — | — | — | — | — | — | — | — |
| Total current liabilities | $3.7M | $4.9M | $4.6M | $3.8M | $4.3M | $3.5M | $4.5M | $3.6M | $3.6M | $6.7M |
| Total liabilities | $4.2M | $4.9M | $5.2M | $5.1M | $4.4M | $4.1M | $5.9M | $3.6M | — | — |
| Retained earnings | -$410.0M | -$400.4M | -$382.0M | -$362.7M | -$336.4M | -$295.0M | -$263.1M | -$224.7M | -$173.9M | -$124.5M |
| Total equity | $12.5M | -$1.1M | $11.5M | $24.6M | $47.0M | $49.1M | $19.0M | $18.4M | $11.8M | $28.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$12.4M | -$17.6M | -$19.2M | -$23.6M | -$28.7M | -$24.8M | -$26.6M | -$32.5M | -$34.4M | -$33.1M |
| Depreciation and amortisation | $139.0K | $196.0K | $187.0K | $246.2K | $258.2K | $356.3K | $781.2K | $1.1M | $1.3M | $957.8K |
| Stock-based compensation | $281.0K | $799.0K | $1.7M | $2.9M | $11.9M | $7.9M | $10.6M | $16.8M | $15.8M | $9.5M |
| Capital expenditure | $82.0K | $123.0K | $187.0K | $165.0K | $365.7K | $136.6K | $196.2K | $859.8K | $817.4K | $1.1M |
| Investing cash flow | -$82.0K | -$123.0K | -$187.0K | -$165.0K | -$365.7K | -$136.6K | -$196.2K | -$859.8K | -$814.6K | -$1.1M |
| Financing cash flow | $21.6M | $5.1M | $7.1M | $1.0M | $27.4M | $54.0M | $28.4M | $40.7M | $16.8M | $35.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-051573.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.2M | $514.8K | $200.1K | $327.4K | $756.8K | $851.3K | $474.0K | $768.0K | $5.6M |
| Gross profit | — | — | — | — | $200.8K | — | -$426.2K | $195.0K | $12.0K | $2.0M |
| Net income | -$45.8M | -$49.4M | -$50.8M | -$38.4M | -$31.8M | -$41.4M | -$26.3M | -$19.4M | -$18.4M | -$9.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3663
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| PL | Planet Labs PBC | $4.82B | — | — |
| ONDS | Ondas Inc. | $3.54B | — | 605.3% |
| VISN | Vistance Networks, Inc. | $1.41B | 0.6x | 39.7% |
| HLIT | HARMONIC INC. | $1.10B | — | -26.2% |
| UMAC | Unusual Machines, Inc. | $850.3M | — | 101.2% |