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 |
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 |