Trade Energous Corporation - WATT CFD

Energous Company profile

About Energous Corp

Energous Corporation is engaged in developing WattUp wireless power technology, consisting of semiconductor chipsets, software controls, hardware designs and antennas, that enables radio frequency (RF) based charging for electronic devices. The Company’s products and solutions include DA2210 and DA2223 receivers, DA3210 power amplifier, DA4100 transmitter system on a chip (SoC), EN3913M power amplifier module, EN3921 power amplifier controller and EN7410M transmit module. The Company’s WattUp technology can be utilized in a range of devices, including building and home automation, electronic shelf labels, industrial Internet of Things (IoT) sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, public safety and military applications. The Company also provides contract services for Dialog Semiconductor plc (Dialog).

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Energous Corp revenues increased from $327K to $757K. Net loss increased 30% to $41.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest income, net decrease of 92% to $5K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.76 to -$0.64.

Equity composition

Common Stock $0.00001 Par, 3/14, 40M auth.; 8,821,391 Issd.; Insiders own 54.65%