Welcome to our dedicated page for Energous news (Ticker: WATT), a resource for investors and traders seeking the latest updates and insights on Energous stock.
Energous Corporation (NASDAQ: WATT), a pioneer in radio frequency (RF) wireless power technology, maintains this comprehensive news hub for investors and industry professionals. Access official press releases, financial disclosures, and technology updates surrounding the company's innovative WattUp® wireless charging solutions.
This curated collection provides critical insights into Energous' semiconductor developments, IoT power network expansions, and strategic partnerships. Users can efficiently track announcements ranging from quarterly earnings to new product certifications, all essential for understanding the company's position in the wireless power market.
The repository features updates across key operational areas including RF chipset innovations, regulatory milestones for wireless charging systems, and enterprise deployments of battery-free IoT solutions. Content is organized chronologically with clear sourcing to ensure transparency and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Energous' latest technical advancements and corporate developments. Check regularly for updates on wireless power network deployments, intellectual property achievements, and market expansion initiatives shaping the future of contactless energy transfer.
Energous (NASDAQ: WATT) has received multiple orders from a Fortune 10 multinational retailer for its 2W PowerBridge transmitter systems. This follows a successful proof of concept project for a comprehensive Wireless Power Network (WPN) that provides always-on, data-rich asset tracking for improved grocery and store supply chain visibility.
The orders are part of an initial implementation of a nationwide infrastructure optimization project, starting with modernization in a grocery distribution center and 170 grocery stores. The Energous 2W PowerBridge transmitter systems will deliver continuous wireless power over-the-air and enable real-time data streaming for IoT-enabled devices in the supply chain, such as sensors and tags.
This technology will allow the retailer to digitally monitor and optimize their grocery distribution network, proactively addressing shipment issues to ensure timely product delivery to stores.
Energous (NASDAQ: WATT), a leader in wireless power networks, has announced partnerships with Annukin, Ecobyte, and Peak Technologies to accelerate global adoption of their over-the-air (OTA) wireless power solutions. These partnerships aim to enhance IoT-enabled asset and inventory management without the need for batteries or cables. Annukin has successfully implemented Energous' technology with a Mexican retailer, improving asset tracking by over 92%. Ecobyte will offer comprehensive tracking solutions for multi-use packaging in Europe, while Peak Technologies will provide asset tracking across North America and Europe. The collaboration aims to optimize supply chains, retail, and healthcare settings worldwide.
Energous (NASDAQ: WATT) has announced a new value-added distribution partnership with DigiKey, a global distributor of technical components and automation products. This partnership will see the availability of Energous' 1W PowerBridge and 1W Omnidirectional PowerBridge transmitter systems on the DigiKey website, with additional products to follow. This move is set to expand Energous' global footprint in the rapidly growing Internet of Things (IoT) market, which is projected to exceed $650 billion by 2026. Energous' wireless power network solutions aim to provide continuous, battery-free operations for IoT applications, addressing the limitations and costs associated with traditional power solutions. This collaboration is expected to accelerate market adoption and create new opportunities for Energous' technologies in various industries, including retail and logistics.
Energous (NASDAQ: WATT) announced its financial results for Q1 2024. The company reported revenue of $0.1 million, consistent with Q1 2023. Costs and expenses totaled $6.7 million, up from $6.4 million in the same period last year. Non-GAAP costs and expenses decreased by $1.0 million to $4.8 million, a 17% reduction year-over-year. The company reported a net loss of $6.6 million, or $1.11 per share, down from $6.7 million, or $1.63 per share in Q1 2023. Energous had $10.7 million in cash and equivalents as of March 31, 2024, with no debt.
Key partnerships were highlighted, including Velociti, WiGL, and Anukin, focusing on deploying Energous' Over-the-Air wireless power networks. These initiatives aim to improve asset tracking, real-time asset management, and wireless power coverage in the retail sector. Interim CFO Mallorie Burak emphasized ongoing cost reductions and transitioning key proofs of concept to deployment phases.
FAQ
What is the current stock price of Energous (WATT)?
What is the market cap of Energous (WATT)?
