WATTEnergous Corporation (WATT) exhibits potential in its technology for wireless charging of IoT devices. However, it faces significant financial challenges with consistent losses and negative cash flow, which weigh heavily on its fundamental score. The stock's technicals are mixed, with short-term indicators showing some weakness, while longer-term trends are also below key moving averages. Thematic tailwinds in IoT are present but are overshadowed by the company's financial performance and limited market traction.
Energous operates in the growing market for wireless charging of Internet of Things (IoT) devices. The company's over-the-air charging technology addresses a significant market need for convenient and continuous power for small electronic devices. However, the adoption and commercial success of its technology remain key questions, and the competitive landscape for wireless charging solutions is evolving.
Energous Corporation exhibits significant financial weaknesses. The company has consistently reported substantial net losses, indicating a lack of profitability. Its revenue generation is low, and it has negative free cash flow and declining cash reserves. The balance sheet shows negative total equity, and its debt levels, while manageable in the context of cash equivalents, are a concern given the negative cash flow. The company's valuation metrics are not meaningful due to the lack of profits.
Energous Corporation's stock price is showing weakness across multiple timeframes. It is trading below key moving averages (50-day, 100-day, 200-day), suggesting a bearish trend. While some oscillators are in oversold territory, indicating potential for a short-term bounce, the overall momentum and trend indicators point towards continued downward pressure or sideways trading with a downward bias. Support levels appear to be breaking.
| Factor | Score |
|---|---|
| Wireless Charging Market Growth | 70 |
| Technological Innovation & Differentiation | 60 |
| Partnerships & Market Adoption | 40 |
| Regulatory & Safety Standards | 50 |
| Competition in Wireless Power | 40 |
| Factor | Score |
|---|---|
| Valuation | 20 |
| Profitability | 5 |
| Growth | 50 |
| Balance Sheet Health | 10 |
| Cash Flow | 15 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 40 |
| Volume Confirmation | 50 |
| Support & Resistance | 55 |
Improved Quarterly Earnings
Energous Corporation's Q1 2025 EPS estimate was -0.74, and the reported EPS was -0.45, showing a positive surprise of 39.19%. This indicates better-than-expected profitability in the recent quarter.
Potential Value in Price-to-Sales
The stock's Price-to-Sales (PS) ratio for 2021 was 1127.7, which has since decreased significantly to 44.9 in 2024. While still high, the downward trend in PS suggests potential value if revenue can be stabilized or grown.
Sustained Net Losses
Energous Corporation has consistently reported significant net losses across all reported periods (2021-2024), with a net loss of $18.4 million in Q4 2024 and $3.37 million in Q1 2025. This indicates ongoing unprofitability.
Extremely High Price-to-Sales Ratio
Despite the decrease, the Price-to-Sales (PS) ratio remains exceptionally high, with a current TTM PS of 16.7 and 2024 PS of 44.9. This indicates the company is valued far beyond its current sales, suggesting high risk if revenue does not materialize.
August 2025
6
Next Earnings Date
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A: $
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Energous Corporation provides wireless charging system solutions in the United States. The company develops 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 Internet of Things (IoT) devices. Its applications include retail sensors, electronic shelf labels, asset trackers, air quality monitors, motion detectors, and other smart monitoring solutions. The company's products are used in asset trackers, sensors, retail displays, and security devices; smart home, medical, industrial, and other sensors; electronic shelf labeling; logistics and asset tracking tags and sensors; computer mice and keyboards; remote controls; gaming consoles and controllers; hearing aids; rechargeable batteries; automotive accessories; smart textiles; wearables; and medical devices. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. Energous Corporation was incorporated in 2012 and is headquartered in San Jose, California.