Welcome to our dedicated page for Energous Corporation news (Ticker: WATT), a resource for investors and traders seeking the latest updates and insights on Energous Corporation stock.
Energous Corporation (symbol: WATT) is a pioneering company in the field of wireless charging technology. The company is renowned for its innovative WattUp® technology, an award-winning, wire-free charging solution that aims to revolutionize how consumers and industries power electronic devices. Unlike traditional wireless chargers that require physical contact with a charging pad, WattUp® uses radio frequency (RF) technology to deliver scalable power over distances, much like a Wi-Fi signal.
Energous' core business revolves around its Wireless Power Networks Technology (WPNT), which includes semiconductor chipsets, software controls, hardware designs, and antennas. This comprehensive technology suite enables RF-based charging for a wide range of Internet of Things (IoT) devices, offering a truly wireless and flexible charging experience.
The company's product lineup features Transmitter IC & Modules, Receiver ICs, Transmitter Systems, and other essential tools that facilitate seamless wireless power delivery. This technology is particularly advantageous in environments such as homes, offices, cars, and more, where it offers convenience and reduces cable clutter.
In terms of recent achievements, Energous has continued to solidify its position as a leader in wireless charging. The company has been actively involved in developing partnerships and collaborations to expand its technology's reach and application. For instance, Energous recently announced a collaboration with WiGL, aiming to integrate their technologies for enhanced wireless power solutions.
Financially, Energous Corporation has been focused on growing its market presence and scaling its product offerings. The company's commitment to innovation and its established reputation in the wireless charging industry make it a significant player to watch.
Energous Corporation (NASDAQ: WATT) will hold a conference call on May 12, 2021, at 1:30 p.m. PT to discuss its financial results for Q1 2021. Interested participants can join via phone or through the Energous website. The company leads in Wireless Charging 2.0 technology, particularly with its WattUp® solution, which allows both contact and distance charging. Energous has received 236 patents for its technology and is known for its FCC certification for at-a-distance wireless charging.
Energous Corporation (Nasdaq: WATT) announced that CEO Stephen R. Rizzone is taking a leave of absence due to health issues. In his absence, an Office of the CEO has been established, comprising key executives Brian Sereda, Cesar Johnston, and Neeraj Sahejpal. The company reported preliminary first-quarter 2021 financial results, indicating revenue of approximately $145,000 and GAAP operating expenses between $8.7 million and $9 million. As of March 31, 2021, cash and cash equivalents totaled approximately $44.8 million.
Energous Corporation (Nasdaq: WATT) has announced a partnership with e-peas S.A. to create an evaluation board that integrates e-peas’ energy harvesting PMIC technology with Energous’ wireless charging solutions. This collaboration aims to enhance at-a-distance wireless charging applications across various sectors including smart buildings, industrial IoT sensors, and retail electronic displays.
Energous Corporation (Nasdaq: WATT) and Thin Film Electronics ASA (OSE: THIN, OTCQB: TFECY) have partnered to enhance the integration of Energous' WattUp RF wireless charging with Thinfilm's solid-state lithium microbattery technology. This collaboration focuses on developing innovative solutions for wearables, hearables, and connected sensors, emphasizing convenience and efficiency. The companies aim to promote their technologies to manufacturers facing form factor constraints, potentially revolutionizing user experience in device charging and energy storage.
Energous Corporation (NASDAQ: WATT) announced its financial results for Q4 and full year 2020, reporting Q4 revenue of $90,000 and a net loss of $7.5 million. For the full year, revenue was $327,350 with a net loss of $31.8 million. Operating expenses for Q4 were around $7.6 million, while annual expenses totaled $32.2 million. The company ended the year with $50.7 million in cash and no debt. Energous highlighted partnerships with EarTechnic and others, signaling progress in its wireless charging technology, WattUp®, as it looks to expand its market presence.
Energous Corporation (NASDAQ: WATT) announced a conference call on February 25 to discuss its financial results for Q4 and full year 2020, ending December 31. The call will be accessible via phone or through the company's website, where it will also be archived for a year. Energous is recognized as a leader in Wireless Charging 2.0 technology, with its WattUp solution enabling both contact and distance charging. The company boasts 230 patents and was the first to receive FCC certification for at-a-distance wireless charging.
Energous Corporation (Nasdaq: WATT) and American Equus announced the successful trials of the EQx VitalsSensor, the first wirelessly charged equine health tracking sensor, which is expected to be available in Q1 2021. The sensor utilizes WattUp technology to monitor vital statistics, including temperature and heart rate, and is designed for the professional horseracing market. The wireless charging capability enhances durability in outdoor conditions, reducing the risk of failure. The wireless sensor market is anticipated to grow significantly, with broader applications for medical and IoT devices.
Energous Corporation (NASDAQ: WATT) has successfully completed an offering of approximately 18.9 million shares of common stock, raising about $38.8 million in net proceeds. The offering utilized an at-the-market equity program that commenced on September 30, 2020, and concluded on December 23, 2020, with a weighted average stock price of $2.12. The funds will be allocated for general corporate purposes. Energous is recognized for its innovative WattUp wireless charging technology, which has received notable regulatory certifications and boasts 230 awarded patents.
Energous Corporation (Nasdaq: WATT) has appointed Dan Fairfax as the new chairman of the board, succeeding Robert J. Griffin, who is retiring after six years. Fairfax, a board member since April 2019, brings over 30 years of technology leadership experience. This leadership transition coincides with the addition of Sheryl Wilkerson to the board. Energous, known for its WattUp® wireless charging technology, aims to enhance market adoption amidst ongoing development in wireless charging solutions.
Energous Corporation (Nasdaq: WATT) announced the issuance of inducement restricted stock units (RSUs) to three new non-executive employees, totaling 16,500 shares. These RSUs vest over four years, with 25% vesting on the first anniversary of each hire date. This initiative aligns with the 2017 Equity Inducement Plan and complies with Nasdaq rules. Additionally, the company has issued RSUs to various employees since 2017, demonstrating ongoing commitment to attracting talent in the competitive wireless charging market.
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