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The latest update is out from Energous ( (WATT) ).
On January 16, 2025, Energous Corporation announced a significant business update, highlighting recent achievements and financial results. The company raised approximately $11.4 million through an at-the-market offering, enhancing its stockholders’ equity and meeting Nasdaq’s listing requirements. Key achievements in 2024 included winning industry awards, securing contracts with major retailers, and receiving FCC certification for its PowerBridge transmitter. These milestones, along with strategic growth funding, position Energous to advance its initiatives in wireless power solutions, targeting profitability through increased sales momentum and technological innovation.
More about Energous
Energous Corporation, operating as Energous Wireless Power Solutions, is a pioneer in scalable, over-the-air wireless power networks. The company’s technologies are designed to enable continuous wireless power access for a new generation of battery-free devices, serving sectors like retail and asset management.
YTD Price Performance: -40.21%
Average Trading Volume: 6,108,120
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.62M
Learn more about WATT stock on TipRanks’ Stock Analysis page.