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Energous Corporation d/b/a Energous Wireless Power Solutions reports developments in over-the-air wireless power networks for ambient Internet of Things deployments. Its technology combines transmitter systems, receiver integrated circuits, software controls, hardware designs and antenna systems to deliver RF-based wireless power and data to battery-free devices used in asset and inventory tracking, electronic shelf labels, retail sensors, air-quality monitors and motion detection.
Recurring news for WATT includes earnings releases, commercial deployment updates, proof-of-concept programs across enterprise markets, PowerBridge transmitter shipments, regulatory approvals for PowerBridge Lite and PowerBridge Pro, partnerships, customer adoption, investor-conference participation and equity financing activity.
Energous Corporation (Nasdaq: WATT), a pioneer in over-the-air wireless power networks, has announced a 1-for-30 reverse stock split effective August 11, 2025. The split was approved by stockholders on June 11, 2025, and aims to bring the company into compliance with Nasdaq's minimum bid price requirement.
Under the reverse split, every 30 shares will be converted into one share, with proportionate adjustments made to equity awards and warrants. The stock will continue trading under the symbol "WATT" with a new CUSIP number. Stockholders will receive cash payments for any fractional shares, and those holding shares electronically need not take action.
Energous (NASDAQ:WATT) reported strong Q2 2025 financial results, achieving its highest quarterly revenue of $1 million since 2016, representing a 184% increase from Q1 2025 and 21x growth year-over-year. The company recorded its lowest quarterly net loss in a decade at $(2.8) million, a 35% improvement from Q2 2024.
Key highlights include a $4 million order backlog expected to ship in 2025, improved gross margins of 35%, and a 32% reduction in operating expenses to $3.1 million. The company raised $15.8 million through its at-market offering program and maintained $8.7 million in cash as of June 30, 2025.
Under new leadership, Energous introduced new products including the AI-driven PowerBridge MOD and PowerBridge PRO+ with integrated gateway, while securing four new U.S. patents for wireless power technology.
Energous (NASDAQ: WATT), a leader in over-the-air wireless power networks, announced preliminary Q2 2025 results showing significant financial improvements. The company expects to report quarterly revenue exceeding $900,000 and its lowest net loss in 10 years at approximately $3 million, marking a 30% improvement year-over-year.
Year-to-date revenue through June 30 is projected at $1.3 million, nearly double 2024's total revenue. The company has fully retired its high-interest debt and raised $15.8 million through its ATM equity program. Energous has expanded partnerships with Fortune 10 and 100 companies, secured an AWS enterprise proof-of-concept, and launched new products including PowerBridge MOD, PowerBridge Pro+, e-Sense Tag, and e-Compass.
HaiLa Technologies (NYSE:WATT) has unveiled its ultra-low power communications solution for Wi-Fi that operates using RF Energy harvesting. The company's BSC2000 Passive Backscatter chip, integrated with Energous' PowerBridge transmitter system, enables continuous data transmission to networks without requiring batteries.
The technology demonstrates significant potential for IoT applications including asset tracking and smart building implementations. HaiLa's chips reduce energy consumption to near-zero levels through optimized active transmit and backscatter adaptations, enabling either smaller batteries or complete battery elimination through harvested energy.
Energous (NASDAQ: WATT) has launched the e-Sense tag, a revolutionary battery-free wireless sensor for location and temperature monitoring in retail, supply chain, and logistics environments. This launch establishes Energous as the first provider of a complete ambient IoT platform that includes wirelessly-powered sensors, RF-based energy transmitters, and cloud-based monitoring software.
The e-Sense tag features a 4x5 cm waterproof design and operates using energy harvested from Energous' wireless power network. The system integrates with e-Compass, the company's cloud-based asset intelligence platform built on AWS IoT Core, providing real-time monitoring and device management capabilities. This end-to-end solution eliminates battery maintenance while enabling persistent visibility and operational efficiency across large, distributed supply chains.
Energous (NASDAQ: WATT) has accelerated its deployment timeline with a Fortune 10 multinational retailer to implement wireless power networks across 4,700 U.S. retail locations. The company has already shipped over 4,000 PowerBridge Pro transmitters in 2024, with installation beginning in early 2025.
The deployment aims to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025. The PowerBridge Pro technology offers four times the power output of competitors and enables up to 99% visibility of tracked assets and inventory, supporting both perishable and dry goods distribution.
This infrastructure modernization initiative will enable real-time asset tracking and full-scale automation with 24/7/365 data processing, providing continuous insights into inventory health, operational efficiencies, and potential risks.
Energous (NASDAQ: WATT) has unveiled two new additions to its PowerBridge wireless power network (WPN) transmitter systems: the PowerBridgeMOD and PowerBridge PRO+.
The PowerBridgeMOD features AI-backed, cloud-based software and smart antennas for enhanced asset tracking and data management. It optimizes power consumption and transmitter performance through real-time feedback loops monitoring customer-set key performance parameters.
The PowerBridge PRO+ includes an integrated gateway, offering 2W output power in WPT band and 8W EIRP, with added WiFi capability for real-time cloud data reporting. Both solutions aim to reduce total ownership costs by minimizing infrastructure hardware and battery requirements.
Proofs of Concept for the new transmitters are scheduled to begin in Q2 2025, with commercial production planned for Q4 2025.
Energous (NASDAQ: WATT) has announced significant financial developments in early 2025, raising $13.4 million through its ATM common stock equity offering program. The company has also increased the program's capacity to allow for up to $80 million in additional shares.
The raised capital, combined with cost reduction measures implemented during 2024 and Q1 2025, is expected to provide sufficient funding for at least 12 months of operations, including capital expenditures and business opportunities. The company anticipates increased orders from two multinational retail customers, with potential acceleration due to upcoming government regulations like the Food Safety Modernization Act in 2026.
As a result of these developments, Energous will withdraw its previously announced Regulation A Offering Statement and terminate the offering, having not closed any securities sales under this program. The company believes focusing on strategic cost-cutting, product sales development, and maintaining access to less dilutive financing will better serve shareholder interests.
Energous (NASDAQ: WATT) reported its 2024 financial results, showing revenue of $0.8 million, a 62% increase from $0.5 million in 2023. The company experienced a significant shift in revenue composition, with 88% generated from PowerBridge transmitter sales.
Key financial metrics include:
- Q4 2024 revenue: $0.4 million (86% growth from Q3)
- Operating expenses: $19.2 million (down from $22.6 million in 2023)
- Net loss: $(18.4) million or $(2.57) per share (improved from $(19.4) million in 2023)
- Cash position: $11.7 million as of February 25, 2025
Notable achievements include securing a project with a Fortune 10 retailer for PowerBridge transmitter deployment across 4,700+ locations, winning the Mobile Breakthrough Award, and being granted 13 new patents in 2024.