Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. Its technology can be utilized in a range of devices, including wearables, internet of things devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and other device. The Company is engaged in developing a solution that charges electronic devices by surrounding them with a contained three-dimensional RF energy pocket. Energous is also engaged in developing its transmitter technology to mesh, to form a wire-free charging network.

Type
Public
HQ
San Jose, US
Founded
2012
Size (employees)
73 (est)
Energous Corporation was founded in 2012 and is headquartered in San Jose, US
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Key People/Management at Energous Corporation

Stephen Rizzone

Stephen Rizzone

President & CEO, Director
Michael Leabman

Michael Leabman

Founder
Neeraj Sahejpal

Neeraj Sahejpal

Senior Vice President of Product Marketing
Cesar Johnston

Cesar Johnston

Executive Vice President of Engineering & Operations
Daniel Lawless

Daniel Lawless

Vice President of Regulatory Affairs
Gordon Bell

Gordon Bell

Vice President of Marketing
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Energous Corporation Office Locations

Energous Corporation has offices in San Jose and Costa Mesa
San Jose, US (HQ)
210 3590 N 1st St
Costa Mesa, US
380 3200 Park Center Dr
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Energous Corporation Financials and Metrics

Energous Corporation Financials

Energous Corporation's revenue was reported to be $1.45 m in FY, 2016 which is a 41.9% decrease from the previous period.
USD

Revenue (Q2, 2017)

299.5 k

Net income (Q2, 2017)

(12.9 m)

EBIT (Q2, 2017)

(12.9 m)

Market capitalization (18-Apr-2018)

422.9 m

Cash (31-Mar-2017)

21.4 m
Energous Corporation's current market capitalization is $422.9 m.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

2.5 m1.5 m

Revenue growth, %

(42%)

Sales and marketing expense

2.8 m3.2 m3.2 m

General and administrative expense

5.1 m8 m11.2 m
Half Year
USDH1, 2016

Net Income

(21.1 m)
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

225 k2.1 m136.4 k181.8 k1 m575.4 k299.5 k

Sales and marketing expense

684.4 k767.8 k807.1 k646.2 k736.8 k1.6 m1.2 m

General and administrative expense

1.9 m2.2 m2.5 m2.4 m2.5 m3.1 m3.3 m

R&D expense

3.8 m4.8 m7.7 m7.5 m7.9 m8.4 m8.7 m
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

31.5 m29.9 m31.3 m

Accounts Receivable

149.5 k

Inventories

416.6 k722.2 k1.4 m

Current Assets

32 m30.7 m32.9 m
Quarterly
USDQ1, 2017

Cash

21.4 m

Accounts Receivable

252 k

Current Assets

22.4 m

PP&E

2 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(45.6 m)(27.6 m)(45.8 m)

Depreciation and Amortization

371.2 k817.7 k957.8 k

Inventories

(289.4 k)(157.8 k)(652.3 k)

Accounts Payable

1.4 m609 k2.4 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(6.1 m)(5.6 m)(10.8 m)(10.3 m)(10.1 m)(12.5 m)

Depreciation and Amortization

326.6 k

Accounts Payable

752.3 k636.7 k1.5 m1.8 m817.3 k1.8 m4.4 m3.3 m3.3 m(1.8 m)2.4 m

Cash From Operating Activities

(10 m)
USDY, 2017

Financial Leverage

1.2 x
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Energous Corporation News and Updates

Energous Corporation to Demo Power-at-a-Distance Charging Technology at CES 2018

The FCC-certified technology sends focused, RF-based power to devices at a distance.
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