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Energous Corp. (WATT)
:WATT

Energous (WATT) AI Stock Analysis

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Energous

(NASDAQ:WATT)

Rating:40Underperform
Price Target:
$0.50
▲(78.57%Upside)
Energous receives a low overall score due to significant financial challenges, including declining revenues and high leverage. The technical analysis indicates a neutral to bearish trend, and the valuation is poor with a negative P/E ratio. The absence of earnings call data and corporate events does not alter the overall negative outlook.

Energous (WATT) vs. SPDR S&P 500 ETF (SPY)

Energous Business Overview & Revenue Model

Company DescriptionEnergous Corporation develops wireless charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. The company's products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications. Energous Corporation was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. The company was incorporated in 2012 and is headquartered in San Jose, California.
How the Company Makes MoneyEnergous 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 is experiencing significant financial difficulties, characterized by declining revenue, negative profit margins, and an unstable balance sheet with negative equity. The negative cash flows further emphasize the company’s liquidity and operational challenges. The overall financial health is troubling, necessitating strategic changes to improve profitability and stabilize the balance sheet.
Income Statement
35
Negative
Energous has faced consistent revenue challenges with significant declines in EBIT and net income. The company has posted negative net profit and EBIT margins, indicating ongoing operational inefficiencies. Despite minor revenue growth from 2023 to 2024, the profit margins remain negative, reflecting continued financial strain.
Balance Sheet
25
Negative
The balance sheet reveals a concerning negative stockholders' equity and increased leverage, with a high debt-to-equity ratio due to negative equity. The equity ratio is also negative, indicating that liabilities exceed assets. These factors highlight a precarious financial position with potential solvency risks.
Cash Flow
40
Negative
Energous shows a poor cash flow position with negative free cash flow and operating cash flow. The operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting earnings to cash. However, a stable financing cash flow indicates some capital raising capability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.05M768.00K474.18K851.32K756.79K327.35K
Gross Profit150.00K12.00K195.10K-426.24K-175.76K200.81K
EBITDA-14.95M-16.84M-21.55M-25.30M-37.16M-30.78M
Net Income-15.16M-18.40M-19.37M-25.86M-44.51M-30.64M
Balance Sheet
Total Assets13.38M3.79M16.68M29.75M51.37M53.14M
Cash, Cash Equivalents and Short-Term Investments10.09M1.35M13.94M26.29M49.07M50.73M
Total Debt1.87M1.49M1.26M1.97M668.72K1.40M
Total Liabilities3.88M4.87M5.18M5.11M4.39M4.09M
Stockholders Equity9.50M-1.08M11.50M24.65M46.98M49.05M
Cash Flow
Free Cash Flow-17.31M-17.70M-19.44M-23.80M-29.09M-24.93M
Operating Cash Flow-17.17M-17.57M-19.25M-23.64M-28.72M-24.79M
Investing Cash Flow-143.00K-123.00K-187.08K-164.99K-365.74K-136.63K
Financing Cash Flow16.68M5.11M7.08M1.02M27.43M53.97M

Energous Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.28
Price Trends
50DMA
0.28
Positive
100DMA
0.30
Negative
200DMA
0.43
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
53.44
Neutral
STOCH
60.70
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 0.28 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.28, and below the 200-day MA of 0.43, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.44 is Neutral, neither overbought nor oversold. The STOCH value of 60.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WATT.

Energous Risk Analysis

Energous disclosed 1 risk factors in its most recent earnings report. Energous reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Energous Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
£566.00M24.41-6.00%2.49%3.52%-29.29%
54
Neutral
$130.84M-24.86%2.59%-48.02%
MEMEI
51
Neutral
$358.34M-11.90%5.58%-6.16%-59.41%
50
Neutral
$284.16M-135.21%-41.76%5.56%
48
Neutral
$79.92M-131.75%-20.77%-2.08%
WBWBX
47
Neutral
$138.27M-138.61%14.08%-9.62%
40
Underperform
$9.46M-182.14%137.14%57.43%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
WATT
Energous
0.28
-0.76
-73.08%
LPTH
Lightpath Technologies
3.05
1.74
132.82%
GNSS
Genasys
1.77
-0.83
-31.92%
MEI
Methode Electronics
10.04
0.78
8.42%
MVIS
Microvision
1.14
0.02
1.79%
WBX
Wallbox
5.83
-19.77
-77.23%

Energous Corporate Events

Executive/Board ChangesShareholder MeetingsStock Split
Energous Stockholders Approve Key Proposals at Annual Meeting
Neutral
Jun 13, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 03, 2025