olivLaw · US equity research
Energous Corp WATT
Radio & Tv Broadcasting & Communications Equipment · SIC 3663 · Vertical: Radio & Tv Broadcasting & Communications Equipment (SIC 3663)
Energous develops radio-frequency wireless power technology for battery-free IoT devices, used mainly in retail, logistics and asset tracking. The company reported a sharp revenue rise in 2026, from 5.6 million dollars in fiscal 2025 to 3.1 million dollars in the second quarter alone, so its commercial progress is now being watched closely.
At the close of 04 Nov 2026, Energous Corp (WATT) stock was 8.14 USD (−4.91% on the day), with market capitalisation 45.0 m USD, beta 0.61, 52-week range 3.76–35.33 USD. Latest reported quarter (Q2 2026): revenue of 3.1 m USD (+216.8% YoY), net income of -2.9 m USD, diluted EPS -0.53 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 35.7
- weak (30–45)
- Bollinger (20, 2)
- 7.36 – 11.30
- in the lower half of the band · %B 0.20 · band width 42.2%
- SMA 50 / 200
- 10.90 / 16.42
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.78 / -0.80
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −36.5% | −1.1% | −35.4 pp | — |
| 3 months | −54.5% | −0.5% | −54.0 pp | — |
| 6 months | −70.8% | +4.4% | −75.2 pp | — |
| Year to date | +104.0% | +12.3% | +91.7 pp | — |
| 1 year | +15.0% | +13.5% | +1.4 pp | +0.5% |
| 3 years | −87.1% | +76.4% | −163.5 pp | +58.8% |
| 5 years | −99.3% | +63.7% | −163.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230.0 k | 428.0 k | 343.0 k | 975.0 k | 1.3 m | 3.0 m | 3.1 m | 3.1 m |
| Cost of revenue | 306.0 k | 219.0 k | 250.0 k | 637.0 k | 814.0 k | 1.9 m | 2.0 m | 3.0 m |
| Gross profit | -76.0 k | 209.0 k | 93.0 k | 338.0 k | 458.0 k | 1.1 m | 1.1 m | 94.0 k |
| Research & development | 1.5 m | 1.7 m | 1.2 m | 1.1 m | 897.0 k | 937.0 k | 1.0 m | 1.1 m |
| Operating income | -3.6 m | -3.5 m | -3.6 m | -2.8 m | -2.2 m | -1.4 m | -1.8 m | -3.2 m |
| Depreciation & amortisation | 50.0 k ≈ | 48.0 k | 45.0 k | 41.0 k ≈ | 25.0 k ≈ | 28.0 k | 34.0 k | 42.0 k ≈ |
| Interest expense | — | — | 200.0 k | 100.0 k | 4.0 k | 0 | — | — |
| Net income | -3.4 m | -4.1 m | -3.4 m | -2.8 m | -2.1 m | -1.3 m | -1.7 m | -2.9 m |
| Diluted EPS | -14.98 | -13.38 ≈ | -3.55 | -2.35 | -1.31 | -0.61 ≈ | -0.43 | -0.53 |
| Operating cash flow | -4.0 m ≈ | -2.7 m | -4.7 m | -2.9 m ≈ | -2.5 m ≈ | -2.4 m | -5.6 m | -5.3 m ≈ |
| Capex | 65.0 k ≈ | 0 | 21.0 k | 16.0 k ≈ | 6.0 k ≈ | 39.0 k | 38.0 k | 235.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | ⚠ 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 514.8 k | 200.1 k | 327.4 k | 756.8 k | 851.3 k | 474.0 k | 768.0 k | 5.6 m |
| Revenue YoY | −55.4% | −61.1% | +63.6% | +131.2% | +12.5% | — | +62.0% | +633.1% |
| Net income | -50.8 m | -38.4 m | -31.8 m | -41.4 m | -26.3 m | -19.4 m | -18.4 m | -9.6 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable | -0.64 | -6.78 | -4.15 | -77.16 | -6.46 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | — | unavailable | unavailable |
| net % | -9,875.3% | -19,185.8% | -9,724.2% | -5,474.1% | -3,086.4% | -4,085.9% | -2,395.6% | -170.4% |
| Free cash flow | -33.4 m | -26.8 m | -24.9 m | -29.1 m | -23.8 m | -19.4 m | -17.7 m | -12.5 m |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 10.4 m USD
- Financial debt
- 88.0 k USD
- Net debt
- -10.3 m USD
- Equity
- 12.5 m USD
- Total assets
- 16.7 m USD
- Debt / equity
- 0.01x
- Current ratio
- 4.19x
- ROE
- unavailable
- ROA
- -93.4%
- FCF margin
- -222.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 327.4 k | 756.8 k | 851.3 k | 474.0 k | 768.0 k | 5.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Cost of revenue | 126.5 k | — | 1.3 m | 279.0 k | 756.0 k | 3.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Gross profit | 200.8 k ≈ | — | -426.2 k ≈ | 195.0 k | 12.0 k | 2.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Research & development | 17.1 m | 20.6 m | 12.5 m | 10.8 m | 7.7 m | 4.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Operating income | -31.9 m | -41.4 m | -26.7 m | -22.1 m | -18.4 m | -10.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Depreciation & amortisation | 356.3 k | 258.2 k | 246.2 k | 187.0 k | 196.0 k | 139.0 k | SEC (XBRL)· 26 Mar 2026verified |
| EBITDA | -31.5 m ≈ | -41.2 m ≈ | -26.4 m ≈ | -21.9 m ≈ | -18.2 m ≈ | -9.9 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Interest expense | — | — | — | — | 200.0 k | 200.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Pre-tax income | — | — | — | — | -18.4 m | -9.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | — | — | — | 0 | 0 | — | SEC (XBRL)· 27 Feb 2025verified |
| Net income | -31.8 m | -41.4 m | -26.3 m | -19.4 m | -18.4 m | -9.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | — | -0.64 | -6.78 | -4.15 | -77.16 | -6.46 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | — | 64.9 m | 3.9 m | 4.7 m | 238.5 k | 1.5 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 50.7 m | 49.1 m | 26.3 m | 13.9 m | 1.4 m | 10.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Receivables | 75.9 k | 283.6 k | 143.4 k | 102.0 k | 78.0 k | 3.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Inventories | — | — | 105.8 k | 430.0 k | 498.0 k | 1.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Current assets | 51.4 m | 50.2 m | 27.4 m | 15.0 m | 2.9 m | 15.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Property, plant & equipment, net | 402.7 k | 510.2 k | 429.0 k | 429.0 k | 356.0 k | 298.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Total assets | 53.1 m | 51.4 m | 29.8 m | 16.7 m | 3.8 m | 16.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Accounts payable | 1.1 m | 1.2 m | 900.8 k | 1.9 m | 1.9 m | 954.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Short-term debt | — | — | — | — | 818.0 k | 88.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Current liabilities | 3.5 m | 4.3 m | 3.8 m | 4.6 m | 4.9 m | 3.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Total liabilities | 4.1 m | 4.4 m | 5.1 m | 5.2 m | 4.9 m | 4.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Equity | 49.1 m † | 47.0 m † | 24.6 m † | 11.5 m † | -1.1 m † | 12.5 m † | SEC (XBRL)· 26 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -24.8 m | -28.7 m | -23.6 m | -19.2 m | -17.6 m | -12.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Capex | 136.6 k | 365.7 k | 165.0 k | 187.0 k | 123.0 k | 82.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Free cash flow | -24.9 m ≈ | -29.1 m ≈ | -23.8 m ≈ | -19.4 m ≈ | -17.7 m ≈ | -12.5 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Investing cash flow | -136.6 k | -365.7 k | -165.0 k | -187.0 k | -123.0 k | -82.0 k | SEC (XBRL)· 26 Mar 2026verified |
| Financing cash flow | 54.0 m | 27.4 m | 1.0 m | 7.1 m | 5.1 m | 21.6 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 49 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 45.0 m USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet100
- Growth100
- Valuation34
- Quality5
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 6.86 – 18.07 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/Sales6.86 – 18.07 (Mid 9.92)10 companies used · median multiple 2.3x · quartiles 0.7x – 6.6xAVNW, BKSY, CRNT, GILT, HLIT, KUST, MSI, QCOM, UI, VISN
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 49/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 26.6% | 0 (on a fixed band) | 12% |
| EBIT margin · Quality | -82.6% | 15 (vs peers) | 10% |
| FCF margin · Quality | -153.1% | 0 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 87.7% | 100 (on a fixed band) | 19% |
| Revenue growth (YoY) · Growth | 633.1% | 100 (vs peers) | 10% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 8.8x | 100 (on a fixed band) | 7% |
| EV/Sales · Valuation | 1.3x | 60 (vs peers) | 19% |
| FCF yield · Valuation | -35.7% | 0 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality5/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation34/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ENERGOUS CORPORATION (WATT). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 5.6 m USD in 2025; YoY growth 633.1%; net margin -76.4%; ROE -32.8%.
The estimated value range is 6.86–18.07 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 9.92 USD, the price of 8.14 USD leaves a potential of 21.8% (value / price − 1) and a margin of safety of 17.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 49/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 87.7%
- Revenue growth (YoY): 633.1%
- Current ratio: 8.8x
What contradicts it
- Gross margin: 26.6%
- EBIT margin: -82.6%
- FCF margin: -153.1%
- FCF yield: -35.7%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, Shareholder yield (distributions).
Versus the vertical median
Radio & Tv Broadcasting & Communications Equipment (SIC 3663) · same industry (4-digit SIC) · compared with 20 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| QCOMQualcomm Inc | 185.3 bn | 13.6 | 52.8% | 31.6% | −2.6% | +3% / +34% |
| MSIMotorola Solutions, Inc. | 82.2 bn | 40.0 | 77.2% | 16.5% | +8.0% | +34% / +54% |
| UIUbiquiti Inc. | 34.0 bn | 35.4 | 91.1% | 29.3% | +27.2% | −4% / +400% |
| PLPlanet Labs PBC | 3.3 bn | — | -72.0% | -95.1% | +25.9% | +6% / +421% |
| ONDSOndas Inc. | 3.0 bn | 18.0 | 20.1% | 96.0% | +605.3% | −33% / +381% |
| VISNVistance Networks, Inc. | 1.5 bn | 0.2 | 22,304.0% | 247.7% | +39.7% | −67% / +286% |
| HLITHarmonic Inc. | 1.1 bn | — | -11.7% | -13.7% | −26.2% | +7% / −8% |
| BKSYBlacksky Technology Inc | 686.3 m | — | -44.8% | -61.2% | +4.4% | −5% / +59% |
| UMACUnusual Machines, Inc. | 650.9 m | — | -2.9% | -20.3% | +101.2% | +49% / unavailable |
| GILTGilat Satellite Networks Ltd. | 521.2 m | 20.8 | 5.2% | 4.6% | +47.9% | −39% / +10% |
| AVNWAviat Networks, Inc. | 254.8 m | 104.7 | 1.0% | 0.6% | +1.2% | −10% / −34% |
| BKTIBK Technologies Corp | 252.4 m | 19.7 | 30.6% | 15.0% | +12.5% | +5% / +415% |
| CRNTCeragon Networks Ltd | 176.8 m | — | -1.2% | -0.6% | −14.1% | −2% / +6% |
| VUZIVuzix Corp | 171.4 m | — | -122.7% | -519.0% | +9.1% | −25% / −3% |
| SATLSatellogic Inc. | 87.6 m | — | — | -325.6% | +37.6% | +95% / +140% |
| AIRGAirgain, Inc. | 55.4 m | — | -23.7% | -13.6% | −14.6% | +4% / +76% |
| WATTEnergous Corporation | 45.0 m | — | -32.8% | -76.4% | +633.1% | +15% / −87% |
| CMTLComtech Telecommunications Corp | 37.4 m | — | -50.5% | -14.5% | −17.0% | −59% / −90% |
| KUSTKustom Entertainment, Inc. | 22.6 m | — | -323.8% | -126.5% | +1.7% | −98% / −100% |
| NOKNokia Corporation | — | — | 3.1% | 3.3% | +3.5% | +36% / +137% |
| ERICEricsson Lm Telephone Co | — | — | 27.9% | 12.0% | −4.5% | +15% / +126% |
1- and 3-year price returns: for WATT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Energous develops radio-frequency wireless power technology for battery-free IoT devices, used mainly in retail, logistics and asset tracking. The company reported a sharp revenue rise in 2026, from 5.6 million dollars in fiscal 2025 to 3.1 million dollars in the second quarter alone, so its commercial progress is now being watched closely.
SWOT
Strengths
- The company holds over 300 issued patents and regulatory approvals in many countries, which could support its first-to-market position.
- Revenue growth in 2026 and the PowerBridge Pro+ certification show the technology is beginning to be sold at larger scale.
- The fabless model lets the company outsource production and avoid large investments in its own factories.
Weaknesses
- Revenue is still small and the company has accumulated a large deficit over the years without demonstrated profitability.
- Gross margin stayed low in the first half of 2026, reflecting costs of ramping production.
- Reliance on a small number of large customers means losing one contract could significantly affect revenue.
Opportunities
- Expanding proof-of-concept programs into larger public-sector and retail deployments could support revenue growth.
- Commercializing the end-to-end solution with PowerBridge Pro+ could open new customer categories in logistics and healthcare.
- Partnerships with cloud providers and systems integrators could lower the cost of reaching new customers.
Threats
- Competing charging technologies, some already mature, could limit adoption of the WPN platform in certain applications.
- Trade tariffs and geopolitical tensions could disrupt supply chains and customer payments.
- If additional financing is not available on acceptable terms, development plans could be slowed.
Risks
- Continued losses and uncertain profitabilityhigh
The company has reported net losses over several years and states it cannot guarantee it will ever become profitable.
- Need for additional capitalhigh
Long-term plans could require new financing, which may dilute shareholders or come on unfavorable terms.
- Dependence on large customershigh
One customer generated most of 2025 revenue, and changes in that customer's budgets could affect results.
- Regulatory approvalsmedium
Authorities may refuse or delay approvals for radio-frequency based technology, which could slow commercialization.
- Reliance on third-party componentsmedium
Products depend on components from sole or limited suppliers, and supply interruptions could affect deliveries.
Investment thesis
What would need to be true (bull case)
- If revenue growth seen in the first half of 2026 persists and turns into recurring contracts, the company could show real commercial demand for its technology.
- The PowerBridge Pro+ certification could open a path to a more complete end-to-end offering that attracts new logistics and retail customers.
- The patent portfolio and approvals in many countries could create entry barriers for competitors.
What would break the thesis
- If revenue stays dependent on one customer, losing that contract could sharply reduce sales.
- Continued net losses and low gross margin could force the company to raise funds, with dilutive effects.
- If competing technologies advance faster, adoption of the WPN platform could remain limited to niche uses.
What to watch
- Revenue and gross margin trend as PowerBridge Pro production rampsQ3 2026
- Progress of programs with the US federal agency and the QSR operator, including conversion from proof of concept to contracts2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Energous Corporation, also known as Energous Wireless Power Solutions and listed on Nasdaq under the symbol WATT, develops an RF-based wireless power network called WPN that delivers power and data to battery-free IoT devices 1. The company is headquartered in San Jose, California, and describes itself as a fabless semiconductor company that outsources manufacturing to contract partners 1. It holds over 300 issued patents, and as of December 31, 2025 had an accumulated deficit of approximately 410.0 million dollars 1.
Its primary transmitter product is the PowerBridge platform, and its receivers are built into RF tags, ambient IoT sensors and electronic shelf labels 1. In the second quarter of 2025 it launched the battery-free e-Sense tag and the e-Compass cloud software platform, and in July 2026 it announced FCC certification for the PowerBridge Pro+, which enables commercialization of its end-to-end solution 123.
Segments
PowerBridge transmitters
PowerBridge transmitters are the main product, deployed in stores, warehouses and healthcare facilities, and through June 30, 2026 more than 56,000 units had shipped, mainly the 2W PowerBridge Pro 3.
Receivers and IoT tags
Receivers built into RF tags, temperature, humidity or motion sensors and electronic shelf labels form the second product category, aimed at asset tracking and cold chain monitoring 1.
Market context
Regulatory approvals are a key factor, since products must obtain FCC and international authorizations; the company reports approvals in over 110 countries for products integrating its WPT technology 1.
Trends
- Adoption of battery-free IoT in retail and logisticstailwind
If retailers and logistics operators extend battery-free sensors, demand for Energous transmitters could grow, especially in infrastructure-style projects.
- Trade and geopolitical tensionsheadwind
The company notes that tariffs, Middle East conflicts and US-China tensions could affect supply chains and customer payments.
- Need for additional financingmixed
The company says it may need additional capital for its long-term plans, and terms of any new financing are not assured, although it held 31.2 million dollars in cash on June 30, 2026.
Competitive position
Energous describes its competitors as alternative charging technologies such as inductive coil charging, magnetic resonance, ambient energy harvesting and laser-based power transfer, which differ in range, power and complexity 1. The company argues its edge lies in being first to market and in its patent portfolio, while describing industry competition as intense 13.
Inductive coil charging has been used for years in consumer products but is limited to very short distances and one-to-one pairing, whereas the WPN platform can power multiple receivers from one transmitter 1.
- Magnetic resonance charging providers
Systems that transmit energy over greater distances than induction, cited by the company as an alternative technology.
- Inductive charging manufacturers
Contact-based coil solutions already widely sold in consumer products, but with short range.
- Ambient RF energy harvesting solutions
Technologies that capture existing radio-frequency energy in the environment, with variable amounts of available energy.
- Laser-based power transfer systems
Solutions that deliver energy through optical beams, usually requiring line-of-sight operation.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Correction for Bernabé-Rubio and Watt, Caspase-8-dependent autophagy regulates neutrophil infiltration in oral squamous cell carcinomaPNAS · 29 Oct 2026 · EN
- Chinese Solar Panels Drop to 12 Cents a Watt, Rooftop Installs Surge WorldwideOil Price · 15 Sept 2026 · EN
- Intelligence per Watt: Measuring Intelligence Efficiency of Local AIHacker News · 14 Sept 2026 · EN
- War: Watt Is It Good For?War on the Rocks · 20 Aug 2026 · EN
- Can Intel finally beat ARM on performance per Watt?Hacker News · 08 Aug 2026 · EN
- Suspected mass bird flu deaths found in second state as Murray Watt warns ‘this is the beginning’The Guardian World · 03 Aug 2026 · RO
- Balcony Solar: $1.74/watt direct plug-in solarHacker News · 29 Jul 2026 · EN
- Stația de Tratare a Apei Băneasa a fost modernizată de Watt Unit și Schneider Electric cu un sistem digital de monitorizare în timp realEconomedia · 22 Jun 2026 · RO
- An Ohio Valley 100k-Watt FM Signal Is Severed in Broad Daylight – Radio WorldHacker News · 07 Jun 2026 · EN
- Santos could drill for new gas in Beetaloo basin within weeks as Murray Watt urged to ‘do his job’The Guardian World · 02 Jun 2026 · RO
SEC filings
- Quarterly report13 Aug 2026
- Current report12 Aug 2026Results of operations · Financial statements and exhibits
- Current report12 Jun 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Quarterly report14 May 2026
- Current report13 May 2026Results of operations · Financial statements and exhibits
- Proxy statement29 Apr 2026
- Annual report26 Mar 2026
- Current report25 Mar 2026Results of operations · Financial statements and exhibits
- Current report16 Jan 2026Departure or appointment of officers
- Current report13 Jan 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Energous Corp · 26 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Energous Corp · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Energous Corp · 12 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.