Energous Corp (OQ:WATT)

Business Focus: Batteries & Uninterruptable Power supplies

Sector:  Industrials Industry:  Electrical Components & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 3590 N 1st St Ste 210
SAN JOSE CA 95134
Tel: N/A
Website: https://energous.com
IR: See website
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Key People
Mallorie Sara Burak
Interim Principal Executive Officer, Chief Financial Officer
   
Business Overview
Energous Corporation is a developer of radio frequency (RF)-based charging for wireless power networks. The Company's total network solution is designed to support a variety of applications, including inventory and asset tracking, smart manufacturing, electronic shelf labels, Internet of Things (IoT) sensors, digital supply chain management, inventory management, loss prevention, patient/people tracking and sustainability initiatives. It has developed its wireless power networks technology (WPNT), consisting of semiconductor chipsets, software controls, hardware designs and antennas, that enable RF-based charging for IoT devices. The WPNT has a broad spectrum of capabilities to enable the next generation of wireless power networks, delivering power and data in a device portfolio. This includes near field and at-a-distance wireless charging with multiple power levels at various distances. Its networks are powering its customer's RF-based systems in a variety of industries.
Financial Overview
For the fiscal year ended 31 December 2023, Energous Corp revenues decreased 44% to $474K. Net loss decreased 26% to $19.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Other Research and development decrease of 11% to $10.2M (expense), Other Marketing decrease of 21% to $3.5M (expense), Stock-based Compensation in R&D decrease of 42% to $658K (expense).
Employees: 37 as of Mar 1, 2024
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.47M as of Dec 31, 2023
EBITDA (TTM): -$21.55M as of Dec 31, 2023
Net annual income (TTM): -$19.37M as of Dec 31, 2023
Free cash flow (TTM): -$19.44M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 6,082,686 as of Mar 25, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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