Energous (WATT)
NASDAQ:WATT
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Energous
(NASDAQ:WATT)
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Rating:54Neutral
Price Target:
$27.00
▲(578.39% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak financial performance (large ongoing losses and substantial cash burn despite improving revenue), while technicals show a solid longer-term uptrend with near-term consolidation. The latest earnings call was constructive on growth and improving cost structure, but execution and liquidity risks remain. Valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
Revenue Acceleration
Sustained, multi-quarter revenue acceleration indicates improving product-market fit and growing commercial traction. As revenue scales, fixed-cost absorption improves, supporting a credible path to profitability if the company converts active POCs and sustains growth across enterprise deployments.
Negative Factors
High Cash Burn & Negative FCF
Persistent, sizable negative operating and free cash flow relative to revenue is a structural risk: ongoing cash consumption can force financing, limit strategic investments, or constrain commercialization cadence unless operating cash flow turns positive or external funding is secured on favorable terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Acceleration
Sustained, multi-quarter revenue acceleration indicates improving product-market fit and growing commercial traction. As revenue scales, fixed-cost absorption improves, supporting a credible path to profitability if the company converts active POCs and sustains growth across enterprise deployments.
Read all positive factors
Energous (WATT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$139.01M
Dividend YieldN/A
Average Volume (3M)152.10K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth699.33%
EPS Growth90.06%
CountryUS
Employees26
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-5.39
Shares Outstanding5,501,101
10 Day Avg. Volume55,610
30 Day Avg. Volume152,098
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.47
Price to Sales (P/S)1.05
P/FCF Ratio-0.47
Enterprise Value/Market Cap0.01
Enterprise Value/Revenue0.23
Enterprise Value/Gross Profit0.64
Enterprise Value/Ebitda-0.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.8
Revenue Forecast (FY)$15.45M
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 electron...
How the Company Makes Money
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Energous Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call conveyed clear positive operational momentum: pronounced revenue acceleration (Q1 revenue up ~933% YoY), improving gross margin (36% vs 27%), reduced operating expenses, narrowing net loss (51% improvement), significant product shipments and two large enterprise deployments, plus regulatory approvals and a growing AWS channel. However, notable risks remain including ongoing GAAP losses, limited disclosed cash runway (~$37M), concentration in a few large customers, dependence on converting numerous POCs into commercial deployments, and near-term ramp costs tied to U.S. manufacturing. On balance, the highlights — large percentage growth, margin improvement, product traction, partner validation and expanding deployments — materially outweigh the lowlights, which are largely execution and liquidity risks that management is actively addressing.Positive Updates
Strong Quarterly and Annual Revenue Growth
Q1 2026 revenue of $3.1M versus $0.3M in Q1 2025, a ~933% year-over-year increase; full-year 2025 revenue of ~$5.6M, a 633% increase over 2024. The company reported five consecutive quarters of revenue growth.
Negative Updates
Continued GAAP Losses
Although improved, the company still reported a GAAP net loss of $1.7M in Q1 2026 and remains unprofitable today with a stated path to profitability rather than achieved breakeven.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Quarterly and Annual Revenue Growth
Q1 2026 revenue of $3.1M versus $0.3M in Q1 2025, a ~933% year-over-year increase; full-year 2025 revenue of ~$5.6M, a 633% increase over 2024. The company reported five consecutive quarters of revenue growth.
Read all positive updates
Company Guidance
Energous reiterated that it is on a clear path to profitability and cash-flow breakeven while expecting to support commercialization through 2026 with roughly $37.0 million in cash (after raising about $31.9 million via its ATM program through March 23, 2026) and two contract manufacturers (including a U.S. CM ramp expected to settle tooling/test spend in Q2); management said there are no plans for additional ATM usage this year and that several active programs should reach commercial decisions in 2026. Key metrics cited underpinning that guidance include full‑year 2025 revenue of approximately $5.6 million (a 633% increase vs. 2024) and more than 25,000 PowerBridge transmitters shipped in 2025 (now >39,000 total deployed), Q4/2025 revenue of ~ $3.0 million (a 139% sequential increase from Q3), Q1/2026 revenue of $3.1 million versus $0.3 million in Q1/2025 (fifth consecutive quarter of revenue growth), cost of revenue of ~$2.0 million producing a 36% gross margin (vs. 27% in Q1/2025), operating expenses of $2.9 million (down ~$0.8 million or 21% YoY), and a GAAP net loss of $1.7 million (a 51% improvement vs. $3.4 million a year ago).Energous Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.37M | 5.63M | 768.00K | 474.18K | 851.32K | 756.79K |
| Gross Profit | 3.00M | 2.03M | 12.00K | 195.10K | -426.24K | 756.79K |
| EBITDA | -8.08M | -8.81M | -16.84M | -21.55M | -25.64M | -37.16M |
| Net Income | -7.88M | -9.59M | -18.40M | -19.37M | -26.28M | -41.43M |
Balance Sheet | ||||||
| Total Assets | 45.59M | 16.74M | 3.79M | 16.68M | 29.75M | 51.37M |
| Cash, Cash Equivalents and Short-Term Investments | 36.60M | 10.40M | 1.35M | 13.88M | 26.29M | 49.07M |
| Total Debt | 996.00K | 1.17M | 1.49M | 1.26M | 1.97M | 668.72K |
| Total Liabilities | 2.83M | 4.24M | 4.87M | 5.18M | 5.11M | 4.39M |
| Stockholders Equity | 42.76M | 12.50M | -1.08M | 11.50M | 24.65M | 46.98M |
Cash Flow | ||||||
| Free Cash Flow | -13.42M | -12.50M | -17.70M | -19.44M | -23.80M | -29.09M |
| Operating Cash Flow | -13.32M | -12.42M | -17.57M | -19.25M | -23.64M | -28.72M |
| Investing Cash Flow | -99.00K | -82.00K | -123.00K | -187.00K | -164.99K | -365.74K |
| Financing Cash Flow | 39.94M | 21.55M | 5.11M | 7.08M | 1.02M | 27.43M |
Energous Technical Analysis
Positive
3.98
Price Trends
21.38
Positive
14.82
Positive
11.06
Positive
Market Momentum
0.59
Positive
51.16
Neutral
33.21
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 3.98 is below the 20-day moving average (MA) of 27.61, below the 50-day MA of 21.38, and below the 200-day MA of 11.06, indicating a neutral trend. The MACD of 0.59 indicates Positive momentum. The RSI at 51.16 is Neutral, neither overbought nor oversold. The STOCH value of 33.21 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $857.08M | -35.80 | -41.18% | ― | 86.66% | -97.48% | |
54 Neutral | $139.01M | >-0.01 | -86.24% | ― | 699.33% | 90.06% | |
54 Neutral | $81.93M | -72.19 | 0.15% | ― | 41.39% | ― | |
52 Neutral | $71.51M | -34.25 | -16.71% | ― | 9.64% | 45.26% | |
51 Neutral | $29.87M | -3.15 | 50.99% | ― | -36.94% | ― |
* Technology Sector Average
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17.37
219.87%
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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.