Energous (WATT) AI Stock Analysis

• Market Cap: $18.53M
• Dividend Yield: N/A
• Average Volume (3M): 1.51M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: 137.14%
• EPS Growth: 57.43%
• Country: US
• Employees: 26
• Sector: Technology
• Sector Strength: 91
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.12
• Shares Outstanding: 34,136,303
• 10 Day Avg. Volume: 3,416,927
• 30 Day Avg. Volume: 1,513,559
• PEG Ratio: -0.02
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.84
• Enterprise Value/Market Cap: 0.31
• Enterprise Value/Revenue: 2.23
• Enterprise Value/Gross Profit: 38.87
• Enterprise Value/Ebitda: -0.09
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: $0.50 ▼(-7.41%Downside)

Energous faces major financial difficulties with declining revenues and significant cash flow issues, which are the most impactful factors affecting its stock score. While technical indicators suggest some short-term bullish momentum, overbought conditions and poor valuation metrics limit the attractiveness of the stock.

Energous Business Overview & Revenue Model

Company Description

Energous Corporation, operating under the ticker symbol WATT, is a technology company that specializes in developing wireless charging solutions. The company is renowned for its WattUp technology, which enables wireless power transfer across short, mid, and long distances. Energous aims to revolutionize the way devices are charged, focusing on eliminating the need for physical connectors and cables. The company's technology is applicable across multiple sectors, including consumer electronics, industrial, medical, and automotive industries.

How the Company Makes Money

Energous Corporation generates revenue primarily through the licensing of its WattUp wireless charging technology. The company partners with manufacturers and developers in various industries, allowing them to integrate Energous's technology into their products. These partnerships often involve upfront licensing fees and ongoing royalties based on the sales of products that incorporate WattUp technology. Additionally, Energous may generate revenue through engineering services provided to partners, helping them to implement and optimize the wireless charging technology in their devices. The company's growth and revenue potential are significantly influenced by its ability to secure strategic partnerships and expand the adoption of its technology across different markets.

Energous Financial Statement Overview

Summary

Energous faces significant financial challenges with declining revenues, persistent losses, and high leverage. The company struggles with cash flow management and relies heavily on external financing. Immediate strategic changes are necessary to improve financial health and sustainability.

Income Statement

Energous shows a declining revenue trend with significant negative net income, indicating persistent losses. The gross profit margin is extremely low, and the company has negative EBIT and EBITDA margins, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals high leverage with negative stockholders' equity, indicating financial instability. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative, highlighting potential solvency issues.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, indicating cash burn. The company relies on financing activities to support operations, which is unsustainable long-term. The operating cash flow to net income ratio is negative, reflecting cash inefficiencies.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	768.00K	474.18K	851.32K	756.79K	327.35K
Gross Profit	12.00K	195.10K	-426.24K	-175.76K	200.81K
EBITDA	-16.84M	-21.55M	-25.30M	-37.16M	-30.78M
Net Income	-18.40M	-19.37M	-25.86M	-44.51M	-30.64M
Balance Sheet
Total Assets	3.79M	16.68M	29.75M	51.37M	53.14M
Cash, Cash Equivalents and Short-Term Investments	1.35M	13.94M	26.29M	49.07M	50.73M
Total Debt	1.49M	1.26M	1.97M	668.72K	1.40M
Total Liabilities	4.87M	5.18M	5.11M	4.39M	4.09M
Stockholders Equity	-1.08M	11.50M	24.65M	46.98M	49.05M
Cash Flow
Free Cash Flow	-17.70M	-19.44M	-23.80M	-29.09M	-24.93M
Operating Cash Flow	-17.57M	-19.25M	-23.64M	-28.72M	-24.79M
Investing Cash Flow	-123.00K	-187.08K	-164.99K	-365.74K	-136.63K
Financing Cash Flow	5.11M	7.08M	1.02M	27.43M	53.97M

Energous Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WATT, the sentiment is Positive. The current price of 0.54 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.32, and above the 200-day MA of 0.42, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 64.51 is Neutral, neither overbought nor oversold. The STOCH value of 63.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WATT.

Energous Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$34.55B	5.25	-11.40%	1.91%	5.47%	-20.39%
LPTH	55 Neutral	$137.71M	―	-24.86%	―	2.59%	-48.02%
MVIS	55 Neutral	$366.41M	―	-135.21%	―	-41.76%	5.56%
MEI	49 Neutral	$240.81M	―	-8.58%	7.25%	-5.96%	49.33%
GNSS	48 Neutral	$87.60M	―	-131.75%	―	-20.77%	-2.08%
WBX	43 Neutral	$90.23M	―	-138.61%	―	14.08%	-9.62%
WATT	42 Neutral	$18.53M	―	-182.14%	―	137.14%	57.43%

Energous Corporate Events

Energous Stockholders Approve Key Proposals at Annual Meeting

On June 11, 2025, Energous Corporation held its Annual Meeting of Stockholders virtually, where stockholders approved several key proposals, including the amendment of the 2024 Equity Incentive Plan to increase authorized shares by 2,000,000. The meeting also saw the election of four directors and the ratification of BPM LLP as the independent accounting firm. Additionally, stockholders approved a reverse stock split and decided on a biennial advisory vote on executive compensation.