Energous Corp Stock Price, News & Analysis

Energous Corporation (NASDAQ: WATT) reported its Q2 2021 financial results, revealing a revenue of $184,960 and a net loss of $11 million or $0.18 per share. Operating expenses totaled $11.2 million, with significant investment in R&D at $6.1 million. The company ended the quarter with $38.23 million in cash and no debt. Energous announced advancements in its WattUp® technology, including a partnership for a 5.5 watt power transmitter and progress in regulatory certifications, signaling potential market penetration.

Energous Corporation (Nasdaq: WATT) announces a leadership transition with Cesar Johnston appointed as acting CEO following the retirement of Stephen R. Rizzone. Johnston, a seven-year veteran, was previously COO. Bill Mannina replaces Brian Sereda as acting CFO, continuing his tenure since 2016. Kathleen Bayless joins the board, bringing over 30 years of executive experience. Chairman Dan Fairfax emphasizes continuity and familiarity in leadership as critical for company success. The recent changes come after the disbanding of the Office of the CEO formed during Rizzone's medical leave.

Energous Corporation (NASDAQ: WATT) will host a conference call on July 29, 2021, at 1:30 p.m. PT to discuss its Q2 financial results for the period ending June 30, 2021. Interested parties can join by calling 888-317-6003 in the U.S. or 412-317-6061 internationally, using code 0265104. The call will also be available on their website, where it will be archived for a year. Energous is a leader in Wireless Charging 2.0 technology, known for its WattUp® solution, which allows both contact and distance charging.

Energous Corporation (Nasdaq: WATT) announces the launch of its 5.5W Active Energy Harvesting Developer Kit, enhancing wireless charging capabilities for industrial IoT and connected devices. This innovative kit utilizes an RF-based transmitter to deliver consistent power, overcoming limitations of passive energy solutions. It allows multiple devices to be charged simultaneously and aims to support a variety of applications, from healthcare to smart homes. The kit incorporates advanced technologies, including e-peas’ power management ICs, and signifies a step forward in the wireless charging market.

Energous Corporation (Nasdaq: WATT) announced the retirement of President and CEO Stephen R. Rizzone, effective immediately following a leave of absence for health reasons. Rizzone also stepped down from the Board of Directors. In April 2021, the company established an Office of the CEO, which includes Brian Sereda, Cesar Johnston, and Neeraj Sahejpal. A search for a new CEO is currently underway. Energous continues to focus on its WattUp® wireless charging technology, which has received significant regulatory certifications and numerous patents, positioning it as a leader in the wireless charging sector.

Energous Corporation (Nasdaq: WATT) has partnered with Atmosic Technologies to achieve the first interoperability for RF energy harvesting technology. This collaboration allows for wireless charging up to two meters, enhancing applications in retail, industrial, and consumer markets. Atmosic's innovative M3 Series chipset complements Energous' WattUp technology, aiming to reduce battery dependency and lower maintenance costs. Both companies are part of the AirFuel Alliance, promoting technological advancements in wireless power.

Energous Corporation (Nasdaq: WATT) has granted inducement restricted stock units (RSUs) to a new non-executive employee, totaling 7,000 shares. These RSUs will vest over four years with 25% vesting on the first anniversary of the hire date and the remaining shares vesting quarterly. The grant complies with Nasdaq Marketplace Rule 5635(c)(4) and was approved by the compensation committee. Energous is recognized for its innovative WattUp® wireless charging technology, holding 238 U.S. patents and having received FCC certification for at-a-distance charging.

Energous Corporation (NASDAQ: WATT) will present at the LD Micro Invitational XI event on June 9, 2021, at 9:30 AM PT. This virtual conference, hosted on the Sequire platform, runs from June 8 to June 10, 2021, featuring around 180 companies presenting for 25 minutes each. Energous is the leader in Wireless Charging 2.0 technology, known for its WattUp® solution that allows both contact and distance charging. The company holds 238 U.S. patents and has received the first FCC Part 18 certification for at-a-distance wireless charging.

Energous Corporation (NASDAQ: WATT) reported its Q1 2021 financial results, showing revenue of $145,065 and a net loss of $8.5 million. Operating expenses reached approximately $8.7 million, with R&D accounting for $4.6 million. Cash and cash equivalents stood at $44.8 million with no debt. Positive developments include European regulatory approval for WattUp PowerHub and partnerships with e-peas and Thinfilm. The company continues to see increasing interest in its wireless charging technology across various sectors.