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), doing business as Energous Wireless Power Solutions, regularly issues news updates about its RF-based over-the-air wireless power networks and Ambient IoT deployments. This news page aggregates company press releases and third-party coverage so readers can follow how Energous’ technology, products, and commercial relationships are evolving over time.
News items commonly cover financial results and preliminary revenue updates, where Energous reports quarterly performance, revenue trends, and changes in operating metrics. These announcements often appear in conjunction with Form 8‑K filings and provide context on the company’s progress toward scaling its wireless power network business.
Another major category of coverage focuses on product launches and platform enhancements. Recent examples include the introduction of the e-Sense battery-free sensor, the e-Compass cloud management platform, and transmitter products such as PowerBridge MOD and PowerBridge PRO+. News articles also highlight regulatory milestones, such as EU and UK approvals for the PowerBridge Pro Directional transmitter, which affect where and how Energous’ systems can be deployed.
Readers will also find updates on commercial deployments and partnerships, including enterprise rollouts across retail stores, grocery distribution centers, and international locations, as well as collaborations with organizations like the Amazon Web Services Partner Network and HaiLa Technologies. Capital markets news, such as equity offerings, warrant exercises, and reverse stock split announcements, is reported as well, providing insight into Energous’ funding and listing status.
Investors, analysts, and industry observers can use this page to monitor key developments in Energous’ wireless power business, from financial performance and regulatory approvals to ecosystem partnerships and large-scale Ambient IoT deployments.
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.
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