Energous (WATT) AI Stock Analysis

• Market Cap: $9.46M
• Dividend Yield: N/A
• Average Volume (3M): 543.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: 137.14%
• EPS Growth: 57.43%
• Country: US
• Employees: 26
• Sector: Technology
• Sector Strength: 87
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.12
• Shares Outstanding: 34,136,303
• 10 Day Avg. Volume: 570,992
• 30 Day Avg. Volume: 543,017
• PEG Ratio: 0.05
• Price to Book (P/B): 2.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.72
• Enterprise Value/Market Cap: 4.28
• Enterprise Value/Revenue: 15.46
• Enterprise Value/Gross Profit: 269.74
• Enterprise Value/Ebitda: -0.59
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• 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 Business Overview & Revenue Model

Company Description

Energous 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 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 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.05M	768.00K	474.18K	851.32K	756.79K	327.35K
Gross Profit	150.00K	12.00K	195.10K	-426.24K	-175.76K	200.81K
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 Assets	13.38M	3.79M	16.68M	29.75M	51.37M	53.14M
Cash, Cash Equivalents and Short-Term Investments	10.09M	1.35M	13.94M	26.29M	49.07M	50.73M
Total Debt	1.87M	1.49M	1.26M	1.97M	668.72K	1.40M
Total Liabilities	3.88M	4.87M	5.18M	5.11M	4.39M	4.09M
Stockholders Equity	9.50M	-1.08M	11.50M	24.65M	46.98M	49.05M
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 Flow	16.68M	5.11M	7.08M	1.02M	27.43M	53.97M

Energous Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 0.28 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	£566.00M	24.41	-6.00%	2.49%	3.52%	-29.29%
LPTH	54 Neutral	$130.84M	―	-24.86%	―	2.59%	-48.02%
MEI	51 Neutral	$358.34M	―	-11.90%	5.58%	-6.16%	-59.41%
MVIS	50 Neutral	$284.16M	―	-135.21%	―	-41.76%	5.56%
GNSS	48 Neutral	$79.92M	―	-131.75%	―	-20.77%	-2.08%
WBX	47 Neutral	$138.27M	―	-138.61%	―	14.08%	-9.62%
WATT	40 Underperform	$9.46M	―	-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.