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what it is
Energous makes wireless power tech for small IoT devices, so sensors can run with fewer or no batteries.
how it gets paid
Last year Energous made $800K in revenue. electronic shelf labels was the main engine at $0.6M, or 30% of sales.
what just happened
The quarter was tiny: revenue was just $59K, while EPS came in at -$6.61.
At a glance
C+ balance sheet — struggling to keep the lights on
70/100 earnings predictability — reasonably predictable
-$77.18 fy2024 eps est
$2M fy2024 rev est
1.6 beta
xvary composite: 25/100 — weak
What they do
Energous makes wireless power tech for small IoT devices, so sensors can run with fewer or no batteries.
Energous wins only if battery swaps are expensive enough to justify new hardware. Its pitch is simple: power shelf labels, trackers, and sensors over the air, with just 26 employees focused on that niche. If your devices can avoid battery maintenance, that saves labor; if customers do not care, this edge disappears.
How they make money
$800K
annual revenue
electronic shelf labels
$0.6M
asset trackers
$0.5M
retail sensors
$0.4M
air quality monitors
$0.3M
motion detectors and other monitoring
$0.2M
The products that matter
over-the-air charging and sensing
Wireless Power Network
$5.6M preliminary 2025 revenue · +630%
this is the entire story right now. preliminary 2025 revenue reached $5.6M after a 630% jump, which is strong growth on a very small base.
proof of demand, still early
Key numbers
$59K
quarterly revenue
That is the latest reported sales number. Plain English: the business is still tiny.
33%
revenue decline
Latest-quarter revenue fell 33% vs. prior year. So what: demand is not stable yet.
-$77.18
2024 EPS
EPS → loss per share → so what: the company is burning value far faster than it is creating sales.
26
employees
This is a very small operation. So what: focus is high, but scale is not.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $1M (3% of capital)
C+ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for WATT right now.
source: institutional data · return history unavailable
What just happened
missed estimates
The quarter was tiny: revenue was just $59K, while EPS came in at -$6.61.
Revenue fell 33% vs. prior year in the latest quarter from EDGAR data. Gross margin was n/a, which sounds absurd because the revenue base was so small that accounting noise can overwhelm the percentage.
$59K
revenue
-$6.61
eps
n/a
gross margin
the number that mattered
$59K mattered most because it tells you the real problem is scale, not just profitability.
source: EDGAR filing, latest quarter
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What could go wrong
The #1 risk here is commercial adoption of Energous' wireless power platform. The technology story is finally producing revenue, but it still has not produced a self-funding business.
med
Commercial adoption stalls
Last reported annual revenue was $800K. The page also cites $5.6M of preliminary 2025 revenue and a $1M quarter. Better, yes. Proven, no. If customers do not reorder at scale, the growth story resets fast.
This is a tiny revenue base supporting a ~$26M market cap. A slowdown would hit the valuation case directly.
med
Dilution stays part of the model
Energous raised $23.9M in equity in 2025 while still reporting losses. That bought time, not profitability. If losses continue, another raise is the obvious funding tool.
Every additional equity raise means your slice of the company gets smaller unless the underlying business finally scales with it.
med
Volatility overwhelms the thesis
A 1.6 beta, 5 / 100 price stability score, and a $4–$18 52-week range tell you this stock trades like a venture bet in public markets.
Even if the technology is real, the path for shareholders can be ugly. You can be directionally right and still get wrecked by volatility and timing.
The combined risk picture is simple: you own a ~$26M company with $5.6M of preliminary 2025 revenue, $23.9M of fresh equity capital, and no margin for commercialization to slip.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next report
Q4 2025 earnings on may 12, 2026
Consensus expects a loss of $0.84 per share on $2.04M of revenue. If they clear $2M, the recent revenue improvement starts to look less accidental.
filing check
10-k needs to reconcile the revenue story
The annual filing should detail the preliminary $5.6M revenue figure and show whether the recent spike is concentrated or broadening.
trend
Can $1M quarterly revenue become the floor
Q3 2025 was the highest quarterly revenue since 2016. The key question is whether that number keeps stepping up or falls back after one good quarter.
funding risk
Another capital raise would change the math again
After a $23.9M equity raise in 2025, the next financing event matters as much as any product update. Survival capital is not the same thing as operating leverage.
Analyst rankings
earnings predictability
70 / 100
A 70 / 100 score means the few numbers this company reports are somewhat trackable. In human-speak, analysts can model it, but one contract or one delay can still move everything.
beta
1.6
Beta measures how violently a stock tends to react versus the market. Here, you should expect the swings to be amplified.
risk rank
5
Safer than 5% of stocks means riskier than roughly 95% of them. That's what tiny scale and cash needs look like in ranking form.
source: institutional data
Institutional activity
institutional ownership data for WATT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$11
current price
n/a
target midpoint · n/a from current
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