Energous (WATT) AI Stock Analysis

• Market Cap: $17.18M
• Dividend Yield: N/A
• Average Volume (3M): 152.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.61
• Revenue Growth: 599.15%
• EPS Growth: 82.47%
• Country: US
• Employees: 26
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -1.31
• Shares Outstanding: 2,175,137
• 10 Day Avg. Volume: 55,610
• 30 Day Avg. Volume: 152,098
• PEG Ratio: 0.01
• Price to Book (P/B): -6.70
• Price to Sales (P/S): 9.40
• P/FCF Ratio: -0.41
• Enterprise Value/Market Cap: 0.07
• Enterprise Value/Revenue: 0.38
• Enterprise Value/Gross Profit: 1.04
• Enterprise Value/Ebitda: -0.10
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $7.50 ▲(88.44% Upside)

The score is primarily constrained by weak financial performance driven by persistent large losses and ongoing cash burn despite improved revenue and gross margin. Technicals are mixed (better short-term trend but still below longer-term averages), and valuation remains challenged due to negative earnings and no dividend data.

Positive Factors

Regulatory Approval

Regulatory approval for PowerBridge Pro in the EU expands Energous' market reach, enabling commercialization and potential revenue growth across EU member states.

Market Expansion

The inclusion of both PowerBridge Lite and Pro in the EU-certified portfolio enhances product offerings, supporting strategic market expansion and adoption in Europe.

Technological Innovation

Advanced features of PowerBridge Pro highlight Energous' commitment to innovation, strengthening its competitive position in wireless power solutions.

Negative Factors

Financial Instability

Persistent financial instability with declining revenues and high leverage raises concerns about Energous' ability to sustain operations and invest in growth.

Cash Flow Issues

Negative cash flows and reliance on external financing suggest unsustainable operations, limiting Energous' ability to fund innovation and expansion.

Operational Inefficiencies

Negative EBIT and EBITDA margins indicate high operational costs relative to revenue, challenging Energous' profitability and long-term viability.

Energous Business Overview & Revenue Model

Company Description

Energous Corporation (NASDAQ: WATT) is a pioneering technology company specializing in wireless power transfer and energy harvesting solutions. The company focuses on developing innovative technologies that enable the wireless charging of electronic devices over the air. Energous operates primarily in the sectors of wireless charging and power management, offering core products such as its WattUp technology, which is designed to provide efficient and safe power delivery to various consumer electronics, IoT devices, and wearables.

How the Company Makes Money

Energous generates revenue primarily through the licensing of its WattUp technology to manufacturers and developers in the electronics industry. The company typically enters into agreements that allow these partners to integrate Energous' wireless charging technology into their products, for which Energous receives licensing fees and royalties based on product sales. Additionally, Energous may generate revenue from the sale of its proprietary hardware, such as transmitters and receivers, as well as through strategic partnerships with key industry players that enhance its market reach and technological capabilities. These partnerships often involve co-development projects or joint ventures, contributing to the company's earnings by expanding its customer base and increasing the adoption of its technology in various applications.

Energous Financial Statement Overview

Summary

Revenue momentum and gross margin improved in TTM, but results are still dominated by large operating/net losses and consistently negative operating and free cash flow, implying continued funding risk. Balance sheet leverage appears modest, though past equity volatility and negative returns on equity remain concerns.

Income Statement

Top-line momentum improved sharply in TTM (Trailing-Twelve-Months), with revenue up materially versus the prior annual periods, and gross margin rebounded to a healthy level (about 36% in TTM) after very weak performance in 2024. However, profitability remains the key issue: operating losses and net losses are still very large relative to revenue (net margin deeply negative in TTM), indicating the business has not yet scaled and expenses continue to overwhelm gross profit.

Balance Sheet

Leverage appears modest in TTM (Trailing-Twelve-Months) with low debt relative to equity, which is a positive for solvency. That said, the balance sheet shows volatility: 2024 ended with negative stockholders’ equity, and returns on equity are consistently negative in the years where equity is positive—signaling ongoing value erosion from losses and potential reliance on external capital over time.

Cash Flow

Cash generation remains weak, with operating cash flow and free cash flow negative across all periods shown, including TTM (Trailing-Twelve-Months). While cash burn improved versus earlier years (losses and cash outflows are smaller than the 2020–2022 range), free cash flow declined in TTM and the company is still consuming substantial cash to operate, which elevates funding risk if capital markets tighten.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.02M	768.00K	474.18K	851.32K	756.79K	327.35K
Gross Profit	1.09M	12.00K	195.10K	-426.24K	756.79K	200.81K
EBITDA	-11.59M	-16.84M	-21.55M	-25.64M	-37.16M	-30.78M
Net Income	-12.40M	-18.40M	-19.37M	-26.28M	-41.43M	-31.83M
Balance Sheet
Total Assets	17.84M	3.79M	16.68M	29.75M	51.37M	53.14M
Cash, Cash Equivalents and Short-Term Investments	12.90M	1.35M	13.88M	26.29M	49.07M	50.73M
Total Debt	1.31M	1.49M	1.26M	1.97M	668.72K	1.40M
Total Liabilities	4.11M	4.87M	5.18M	5.11M	4.39M	4.09M
Stockholders Equity	13.73M	-1.08M	11.50M	24.65M	46.98M	49.05M
Cash Flow
Free Cash Flow	-12.74M	-17.70M	-19.44M	-23.80M	-29.09M	-24.93M
Operating Cash Flow	-12.69M	-17.57M	-19.25M	-23.64M	-28.72M	-24.79M
Investing Cash Flow	-43.00K	-123.00K	-187.00K	-164.99K	-365.74K	-136.63K
Financing Cash Flow	24.18M	5.11M	7.08M	1.02M	27.43M	53.97M

Energous Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 3.98 is below the 20-day moving average (MA) of 5.92, below the 50-day MA of 5.56, and below the 200-day MA of 7.94, indicating a neutral trend. The MACD of 0.64 indicates Negative momentum. The RSI at 73.74 is Negative, neither overbought nor oversold. The STOCH value of 93.01 is Negative, 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
CPSH	64 Neutral	$96.01M	-131.53	-3.84%	―	38.22%	70.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NEON	56 Neutral	$30.38M	3.38	38.72%	―	-48.54%	―
LPTH	52 Neutral	$555.18M	-27.15	-37.93%	―	36.85%	-77.93%
WATT	45 Neutral	$17.18M	-0.48	-175.08%	―	599.15%	82.47%
LINK	41 Neutral	$55.60M	-28.17	-13.78%	―	-1.70%	17.13%

Energous Corporate Events

Energous Promotes Gregory Sadikoff to Chief Accounting Officer

On January 12, 2026, Energous Corporation promoted Gregory Sadikoff to Chief Accounting Officer, appointing him as the company’s principal accounting officer under SEC rules. Sadikoff, 41, joined Energous in February 2024 and previously served as Vice President of Finance, following senior finance roles at public safety technology firm Knightscope and foodservice and facilities services giant Compass Group, and will receive an annual base salary of $201,600 with eligibility for discretionary bonus, equity and standard company benefits. The company noted there are no family relationships or related-party transactions between Sadikoff and existing leadership that would trigger additional disclosure requirements under securities regulations.

The most recent analyst rating on (WATT) stock is a Sell with a $5.00 price target. To see the full list of analyst forecasts on Energous stock, see the WATT Stock Forecast page.