Energous Corp Stock Price, News & Analysis

Energous Corporation (Nasdaq: WATT) has partnered with Flagship to deploy Wiliot IoT Pixel smart tags, energized by WattUp PowerBridges, in a major Australian retail store in Sydney. This pioneering deployment enables real-time tracking of inventory and customer behavior, facilitating improved operational efficiency and loss prevention. The Wiliot tags are designed to gather actionable insights on stock integrity and purchasing habits, showcasing the potential for scalability across various sectors, including retail and industrial IoT applications.

Energous Corporation (NASDAQ: WATT) announced a conference call scheduled for August 10, 2022, at 1:30 p.m. PT to discuss its financial results for Q2 ending June 30, 2022.

The call can be accessed by dialing 888-317-6003 in the U.S. or +1 412-317-6061 internationally, with a participant number. It will also be broadcast on the Energous website.

The company emphasizes its position as a leader in RF-based wireless power networks with significant patents and regulatory milestones.

Energous Corporation (NASDAQ: WATT) and Atmosic Technologies have launched the Wirelessly Powered Sensor Evaluation Kit, featuring Atmosic’s ATM3 energy harvesting Bluetooth Low Energy SoC and Energous’ FCC-certified 1W WattUp PowerBridge transmitter. This kit allows IoT developers to create wireless power networks, eliminating reliance on batteries and reducing costs for IoT deployments. The kit, priced at $500, directly addresses the challenges of powering billions of IoT devices projected to grow to 40 billion by 2025. Shipping starts later in July.

Energous Corporation (Nasdaq: WATT) has appointed Giampaolo Marino as vice president of business development and marketing. Marino brings over 20 years of experience from companies like Analog Devices and NXP Semiconductors, where he focused on consumer and IoT applications. Energous aims to leverage Marino's expertise to enhance its WattUp® wireless power technology, addressing challenges in powering IoT devices. The global IoT market is expected to grow from $12 billion in 2021 to $40 billion by 2025, highlighting the opportunity for Energous in this expanding field.

Energous Corporation (NASDAQ: WATT), a leader in RF-based wireless charging, announced the issuance of inducement RSUs to two new employees. On May 18, 2022, 10,000 shares were awarded to one employee, and another 10,000 shares were granted on February 16, 2022. The RSUs will vest over four years, contingent upon continued employment. This grant aligns with Nasdaq rules and aims to attract talent to support the company’s growth in wireless charging technology.

Energous Corporation (NASDAQ: WATT) announced that CEO Cesar Johnston will present a corporate overview and demonstrate the latest WattUp PowerBridge technology at the 2022 LD Micro Invitational, taking place from June 7th to 9th, 2022, at the Four Seasons Hotel Westlake Village.

This event underscores Energous’ leadership in RF-based wireless charging, emphasizing its innovative solutions for electronic shelf labels and IoT applications. The company's WattUp system is unique in supporting both contact and distance charging, showcasing advancements over traditional technologies.

Energous Corporation (WATT) has partnered with China-based Sekorm to enhance its WattUp wireless power technology in the world's most populous country. This collaboration will grant Energous access to expanded marketing and sales capabilities, targeting the industrial Internet of Things (IIoT) sectors. Following recent approval by China's Ministry of Industry and Information Technology, Energous aims to leverage Sekorm's extensive network to engage with more customers and capitalize on China's rapidly growing IoT market, which is expected to exceed $300 billion by 2024.

Energous Corporation (NASDAQ: WATT) reported financial results for Q1 2022, with revenue of $216,000, a significant increase from $145,000 in Q1 2021. The company incurred costs and expenses of approximately $7.4 million, leading to a net loss of $(7.2 million), or $(0.09) per share. Energous ended the quarter with $42.8 million in cash and no debt. Key operational highlights include the addition of three advisors and regulatory approvals for its 1W WattUp PowerBridge technology in China and Canada. The partnership with Atmosic Technologies also saw the launch of a new evaluation kit.

Energous Corporation (NASDAQ: WATT) announced the appointments of Bob Friday, Alessandro Piovaccari, and Mark Tyndall to its Board of Advisors, aimed at enhancing the company's wireless power network technology. The IoT ecosystem is projected to expand significantly, growing from 12 billion devices in 2021 to nearly 40 billion by 2025, presenting challenges for battery management. Energous' WattUp technology offers a solution by providing reliable RF-based wireless power to multiple devices simultaneously. CEO Cesar Johnston emphasized the advisors' expertise as vital for the company's growth.