iHub News
2月前
Energous Shares Jump 17% on Expanded Deployments with Major Enterprise ClientsApril 15, 2026 10:25 AM
IH Market News
Energous Corporation (NASDAQ:WATT) shares surged 17% on Wednesday after the company announced broader deployments with Fortune 10 customers, including expansion into international markets.The wireless power solutions provider said its first Fortune 10 client is continuing to roll out infrastructure across roughly 4,700 targeted locations in the U.S., with more than 1,500 sites already completed. A second Fortune 10 customer, operating in e-commerce and reverse logistics, has extended its deployment program across additional applications and regions, with over 14 installations completed outside the U.S.Energous is also progressing multiple proof-of-concept initiatives across sectors such as retail, quick-service restaurants, manufacturing and government. The company noted that several of these projects are structured to scale from pilot stages into wider, multi-site deployments.CEO and CFO Mallorie Burak said the company is actively supporting customer programs at different stages, ranging from early proof-of-concept testing to full-scale commercial rollouts.The company highlighted successful performance of its technology in temperature-controlled and refrigerated environments, enabling use in cold-chain settings across foodservice, logistics and supply chain operations. Energous added that it is currently the only provider offering a solution proven to operate efficiently in lower temperature conditions.To meet rising demand and support customers requiring domestically sourced technology, Energous has partnered with a second U.S.-based contract manufacturer, increasing its production capacity.The company also said it plans to resume quarterly investor conference calls, starting with its first-quarter 2026 results in May.Energous Corporation stock price
Original: Energous Shares Jump 17% on Expanded Deployments with Major Enterprise Clients
abew4me
3月前
New Cancer Immunotherapy Killed Whole Tumors
Researchers at Rockefeller University are reporting encouraging results from an early clinical trial of a redesigned cancer immunotherapy that is injected directly into tumors.
In the small study, six of 12 patients experienced tumor shrinkage, and two patients went into complete remission, according to findings published in the journal Cancer Cell.
And remarkably, the treatment not only affected the injected tumors but those located in other areas of the body shrank or were eliminated by immune cells.
The therapy is based on a class of drugs known as CD40, which stimulate the immune system to recognize and attack cancer cells. Traditionally, these drugs have been given through the bloodstream, which can lead to widespread side effects such as inflammation and liver damage.
To reduce those risks, researchers modified the drug — called 2141-V11 — and changed how it is delivered. Instead of intravenous infusion, the treatment is injected directly into tumors.
“When we did that, we saw only mild toxicity,” said study author Jeffrey V. Ravetch of Rockefeller University.
In addition to shrinking the treated tumors, the therapy appeared to trigger a broader immune response throughout the body — an effect that surprised researchers.
“This effect -- where you inject locally but see a systemic response -- that's not something seen very often in any clinical treatment,” Ravetch said. “It's another very dramatic and unexpected result from our trial.”
In some cases, tumors that were not directly injected also shrank or disappeared. This occurred in two patients with advanced cancers — one with melanoma and another with breast cancer.
“The melanoma patient had dozens of metastatic tumors on her leg and foot, and we injected just one tumor up on her thigh,” Ravetch said. “After multiple injections of that one tumor, all the other tumors disappeared.”
“The same thing happened in the patient with metastatic breast cancer, who also had tumors in her skin, liver, and lung,” he added. “And even though we only injected the skin tumor, we saw all the tumors disappear.”
Researchers say the treatment works by activating T cells — immune cells that can seek out and destroy cancer throughout the body once they recognize it.
While the results are promising, the study was small, and more research is needed. Larger clinical trials are already underway, with nearly 200 patients enrolled.
abew4me
4月前
Take a look at this other PR from January 2025. This is another reason for the increase in sales.
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Energous Wireless Power Solutions Joins the AWS Partner Network
SAN JOSE, Calif., January 22, 2025 – Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), announced today it has joined the Amazon Web Services (AWS) Partner Network (APN). The APN is a global community of AWS Partners that leverage programs, expertise, and resources to build, market, and sell customer offerings.
A growing number of retailers are using Internet of Things (IoT) technologies to increase visibility, control, and automation, as products from perishable food items to non-perishable dry goods are transported to and from warehouses, grocery distribution centers, and local stores. Energous will play a critical role in the creation of completely transparent and traceable supply chains, which will soon be required for Food Safety Modernization Act (FSMA) 204 compliance. As part of the APN, Energous PowerBridge transmitters will allow AWS customers to use their IoT infrastructure to easily track key metrics, such as the temperature of perishable food items—in real-time—facilitating rapid identification and removal of potentially harmful products from distribution channels before they hit the market. Customers will also be able to maintain years of tracking data in a secure cloud environment for compliance purposes.
“Joining the AWS Partner Network will help us provide our customers with scalable, efficient, and secure solutions that address the unique challenges faced by companies today, and in particular, the perishable food industry,” said Mallorie Burak, CEO and CFO, Energous Wireless Power Solutions. “Energous is committed to driving innovation in smart systems and expanding the IoT ecosystem, ultimately contributing solutions that directly address issues of universal concern, like enhanced food safety and regulatory compliance across the supply chain.”
Energous designs scalable, RF-based wireless power network (WPN) solutions that connect businesses with critical data, delivering operational efficiency with fewer batteries for a smarter, more sustainable future. The company’s PowerBridge transmitter systems are the backbone of WPNs that allow connected devices such as sensors and tags to continuously provide critical enterprise data to cloud networks—at distance and without wires, batteries, or cables—ensuring they are reliably charged at all times. In addition, these transmitter systems act as data links for IoT-enabled devices, enabling them to efficiently communicate valuable data and insights back to the cloud, allowing companies to analyze, optimize, and improve every part of their supply chain operations in real time.
As an APN member, Energous joins a global network of 130,000 Partners from more than 200 countries working with AWS to provide innovative solutions, solve technical challenges, win deals, and deliver value to mutual customers.
For more information, visit the Energous APN landing page.
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit https://energous.com/ or follow on LinkedIn.
https://energous.com/company/newsroom/news/energous-wireless-power-solutions-joins-the-aws-partner-network/?utm_source=Energous+Master+List&utm_campaign=eb8cbde81a-EMAIL_CAMPAIGN_2024_09_30_12_56_COPY_02&utm_medium=email&utm_term=0_-241de8ce8c-745864709
abew4me
4月前
Annovis has gone from $4.32 to $9.15 in the last 30 days. That's more than 100%. And volume hit almost 700,000 shares today. I'm sure the PR below has a lot to do with it.
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Energous Reports Preliminary Financial Results for Fiscal Year 2025, Marking a Transformational Year of Growth and Platform Expansion
- Energous reports preliminary revenue of approximately $5.6 million for the year ended December 31, 2025, representing more than 630% year-over-year growth and record annual revenue.
- For the quarter ended December 31, 2025, Energous reports preliminary revenue of approximately $3.0 million, compared to approximately $1.3 million in the previous quarter.
- Energous raised approximately $23.9 million in equity capital in 2025, bolstering its balance sheet to support continued product innovation and deployment.
SAN JOSE, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) (“Energous,” the “Company,” “we,” “us” or “our”), a leader in over-the-air (OTA) wireless power networks, today announced preliminary financial results for the year ended December 31, 2025, highlighting record revenue growth, improved operating performance, and accelerating commercial momentum.
For the year ended December 31, 2025, Energous expects to report annual revenue of $5.6 million versus approximately $0.8 million in 2024, representing an increase of more than 630% year-over-year and the highest recorded annual revenue in the Company’s history. The Company also expects to report a significant improvement in operating performance, with net loss decreasing more than 45% year-over-year, reflecting increased scale, improved cost discipline, and continued progress toward profitability. Energous also strengthened its financial position by raising approximately $23.9 million in equity capital while also eliminating debt and certain liabilities from its balance sheet, enabling sustained investment in product innovation, commercial expansion, and strategic growth initiatives.
Financial momentum continued in the fourth quarter of 2025, with preliminary reported revenue increasing by approximately 139% quarter-over-quarter to approximately $3.0 million, while net loss improved by over 25% compared to the third quarter of 2025.
All results are preliminary and are subject to finalization and adjustment in connection with the preparation of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
“2025 was a defining year for Energous, marked by consecutive quarters of revenue growth, improved operating performance, and strengthening of our balance sheet to provide crucial capital to drive operating results and strategy,” said Mallorie Burak, CEO and CFO of Energous. “As demand for wireless power accelerates rapidly, we are seeing clear validation of our strategy and technology in the form of growing deployments, expanding customer relationships, and improving financial discipline. These results reflect meaningful progress toward building a scalable, sustainable business positioned for long-term growth.”
Product Breakthroughs and Commercial Validation
In parallel with its financial progress, Energous expanded its product portfolio in 2025 with four new products that further advance the Company’s end-to-end wireless power platform:
e-Sense – a battery-free, maintenance-free wireless sensor for location and temperature monitoring in retail, supply chain, and logistics environments.
e-Compass – a secure, cloud-based platform for managing Wireless Power Network (WPN) deployments.
PowerBridge MOD – a modular, AI-driven transmitter designed for adaptive asset tracking across dynamic environments.
PowerBridge PRO+ – a transmitter featuring an integrated gateway that simplifies deployments while delivering enterprise-grade performance and visibility.
Together, these innovations deliver a fully integrated approach to a battery-free Ambient IoT platform – from power and sensing to data and intelligence. Energous also bolstered its technology foundation in 2025 with 15 new patents granted, reinforcing the Company’s ability to deliver differentiated and defensible solutions across global markets.
Commercial momentum continued to build throughout the year, with the Company successfully joining the Amazon Web Services (AWS) Partner Network, enabling customers to integrate Energous’ wireless power and sensing technologies with AWS cloud services to support scalable, data-driven operations. Energous’ hardware and software solutions are now also qualified and available through the Amazon Marketplace, further streamlining procurement and deployment for enterprise customers.
Alongside these ecosystem developments, the Company achieved several operational milestones throughout the year, including:
- Support for 410+ retail stores and fulfillment centers.
- Deployment across three national grocery distribution centers.
- 14 international deployments.
- More than 25,000 PowerBridge units shipped.
- Zero product returns on PowerBridge systems.
“This past year marked an important inflection point for Energous, as we translated years of technology development into tangible financial and commercial momentum,” concluded Burak. “With a stronger balance sheet, expanding customer deployments, and a growing ecosystem around our wireless power platform, we believe the Company is well positioned to scale in 2026 and beyond.”
For more information on Energous, visit www.energous.com.
abew4me
5月前
Just spoke with an employee of the company. She said that they are still at that building, but the administrative people have moved into a different room. She also said that the building has several rooms for rent.
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Energous Reports Preliminary Financial Results for Fiscal Year 2025, Marking a Transformational Year of Growth and Platform Expansion
- Energous reports preliminary revenue of approximately $5.6 million for the year ended December 31, 2025, representing more than 630% year-over-year growth and record annual revenue.
- For the quarter ended December 31, 2025, Energous reports preliminary revenue of approximately $3.0 million, compared to approximately $1.3 million in the previous quarter.
- Energous raised approximately $23.9 million in equity capital in 2025, bolstering its balance sheet to support continued product innovation and deployment.
SAN JOSE, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) (“Energous,” the “Company,” “we,” “us” or “our”), a leader in over-the-air (OTA) wireless power networks, today announced preliminary financial results for the year ended December 31, 2025, highlighting record revenue growth, improved operating performance, and accelerating commercial momentum.
For the year ended December 31, 2025, Energous expects to report annual revenue of $5.6 million versus approximately $0.8 million in 2024, representing an increase of more than 630% year-over-year and the highest recorded annual revenue in the Company’s history. The Company also expects to report a significant improvement in operating performance, with net loss decreasing more than 45% year-over-year, reflecting increased scale, improved cost discipline, and continued progress toward profitability. Energous also strengthened its financial position by raising approximately $23.9 million in equity capital while also eliminating debt and certain liabilities from its balance sheet, enabling sustained investment in product innovation, commercial expansion, and strategic growth initiatives.
Financial momentum continued in the fourth quarter of 2025, with preliminary reported revenue increasing by approximately 139% quarter-over-quarter to approximately $3.0 million, while net loss improved by over 25% compared to the third quarter of 2025.
All results are preliminary and are subject to finalization and adjustment in connection with the preparation of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
“2025 was a defining year for Energous, marked by consecutive quarters of revenue growth, improved operating performance, and strengthening of our balance sheet to provide crucial capital to drive operating results and strategy,” said Mallorie Burak, CEO and CFO of Energous. “As demand for wireless power accelerates rapidly, we are seeing clear validation of our strategy and technology in the form of growing deployments, expanding customer relationships, and improving financial discipline. These results reflect meaningful progress toward building a scalable, sustainable business positioned for long-term growth.”
Product Breakthroughs and Commercial Validation
In parallel with its financial progress, Energous expanded its product portfolio in 2025 with four new products that further advance the Company’s end-to-end wireless power platform:
e-Sense – a battery-free, maintenance-free wireless sensor for location and temperature monitoring in retail, supply chain, and logistics environments.
e-Compass – a secure, cloud-based platform for managing Wireless Power Network (WPN) deployments.
PowerBridge MOD – a modular, AI-driven transmitter designed for adaptive asset tracking across dynamic environments.
PowerBridge PRO+ – a transmitter featuring an integrated gateway that simplifies deployments while delivering enterprise-grade performance and visibility.
Together, these innovations deliver a fully integrated approach to a battery-free Ambient IoT platform – from power and sensing to data and intelligence. Energous also bolstered its technology foundation in 2025 with 15 new patents granted, reinforcing the Company’s ability to deliver differentiated and defensible solutions across global markets.
Commercial momentum continued to build throughout the year, with the Company successfully joining the Amazon Web Services (AWS) Partner Network, enabling customers to integrate Energous’ wireless power and sensing technologies with AWS cloud services to support scalable, data-driven operations. Energous’ hardware and software solutions are now also qualified and available through the Amazon Marketplace, further streamlining procurement and deployment for enterprise customers.
Alongside these ecosystem developments, the Company achieved several operational milestones throughout the year, including:
- Support for 410+ retail stores and fulfillment centers.
- Deployment across three national grocery distribution centers.
- 14 international deployments.
- More than 25,000 PowerBridge units shipped.
- Zero product returns on PowerBridge systems.
“This past year marked an important inflection point for Energous, as we translated years of technology development into tangible financial and commercial momentum,” concluded Burak. “With a stronger balance sheet, expanding customer deployments, and a growing ecosystem around our wireless power platform, we believe the Company is well positioned to scale in 2026 and beyond.”
For more information on Energous, visit www.energous.com.
abew4me
5月前
Energous Reports Preliminary Financial Results for Fiscal Year 2025, Marking a Transformational Year of Growth and Platform Expansion
- Energous reports preliminary revenue of approximately $5.6 million for the year ended December 31, 2025, representing more than 630% year-over-year growth and record annual revenue.
- For the quarter ended December 31, 2025, Energous reports preliminary revenue of approximately $3.0 million, compared to approximately $1.3 million in the previous quarter.
- Energous raised approximately $23.9 million in equity capital in 2025, bolstering its balance sheet to support continued product innovation and deployment.
SAN JOSE, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) (“Energous,” the “Company,” “we,” “us” or “our”), a leader in over-the-air (OTA) wireless power networks, today announced preliminary financial results for the year ended December 31, 2025, highlighting record revenue growth, improved operating performance, and accelerating commercial momentum.
For the year ended December 31, 2025, Energous expects to report annual revenue of $5.6 million versus approximately $0.8 million in 2024, representing an increase of more than 630% year-over-year and the highest recorded annual revenue in the Company’s history. The Company also expects to report a significant improvement in operating performance, with net loss decreasing more than 45% year-over-year, reflecting increased scale, improved cost discipline, and continued progress toward profitability. Energous also strengthened its financial position by raising approximately $23.9 million in equity capital while also eliminating debt and certain liabilities from its balance sheet, enabling sustained investment in product innovation, commercial expansion, and strategic growth initiatives.
Financial momentum continued in the fourth quarter of 2025, with preliminary reported revenue increasing by approximately 139% quarter-over-quarter to approximately $3.0 million, while net loss improved by over 25% compared to the third quarter of 2025.
All results are preliminary and are subject to finalization and adjustment in connection with the preparation of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
“2025 was a defining year for Energous, marked by consecutive quarters of revenue growth, improved operating performance, and strengthening of our balance sheet to provide crucial capital to drive operating results and strategy,” said Mallorie Burak, CEO and CFO of Energous. “As demand for wireless power accelerates rapidly, we are seeing clear validation of our strategy and technology in the form of growing deployments, expanding customer relationships, and improving financial discipline. These results reflect meaningful progress toward building a scalable, sustainable business positioned for long-term growth.”
Product Breakthroughs and Commercial Validation
In parallel with its financial progress, Energous expanded its product portfolio in 2025 with four new products that further advance the Company’s end-to-end wireless power platform:
e-Sense – a battery-free, maintenance-free wireless sensor for location and temperature monitoring in retail, supply chain, and logistics environments.
e-Compass – a secure, cloud-based platform for managing Wireless Power Network (WPN) deployments.
PowerBridge MOD – a modular, AI-driven transmitter designed for adaptive asset tracking across dynamic environments.
PowerBridge PRO+ – a transmitter featuring an integrated gateway that simplifies deployments while delivering enterprise-grade performance and visibility.
Together, these innovations deliver a fully integrated approach to a battery-free Ambient IoT platform – from power and sensing to data and intelligence. Energous also bolstered its technology foundation in 2025 with 15 new patents granted, reinforcing the Company’s ability to deliver differentiated and defensible solutions across global markets.
Commercial momentum continued to build throughout the year, with the Company successfully joining the Amazon Web Services (AWS) Partner Network, enabling customers to integrate Energous’ wireless power and sensing technologies with AWS cloud services to support scalable, data-driven operations. Energous’ hardware and software solutions are now also qualified and available through the Amazon Marketplace, further streamlining procurement and deployment for enterprise customers.
Alongside these ecosystem developments, the Company achieved several operational milestones throughout the year, including:
- Support for 410+ retail stores and fulfillment centers.
- Deployment across three national grocery distribution centers.
- 14 international deployments.
- More than 25,000 PowerBridge units shipped.
- Zero product returns on PowerBridge systems.
“This past year marked an important inflection point for Energous, as we translated years of technology development into tangible financial and commercial momentum,” concluded Burak. “With a stronger balance sheet, expanding customer deployments, and a growing ecosystem around our wireless power platform, we believe the Company is well positioned to scale in 2026 and beyond.”
For more information on Energous, visit www.energous.com.
abew4me
9月前
Energous Announces $5 Million Registered Direct Offering, Warrant Exercise
11:15 AM EDT, 09/10/2025 (MT Newswires) -- Energous (WATT) on Wednesday announced a registered direct offering and simultaneous warrant exercise, with expected gross proceeds of about $5 million.
The company said it will issue 585,347 shares and warrants to buy the same number of shares at $7.92 per share. The warrants, exercisable at $7.79 per share, will expire five years after issuance.
Concurrently, the company said it will immediately exercise 47,764 previously issued warrants from 2023 and 2024 at $6.7595 and $7.79 per share, respectively.
Net proceeds will be used for working capital and general corporate purposes, it added.
The transactions are expected to close on Thursday.
Stock_Barber
10月前
Energous Corporation Announces 1-for-30 Reverse Stock Split
August 06 2025 - 7:00AM
Energous Corporation d/b/a Energous Wireless Power Solutions (Nasdaq: WATT) (the “Company,” “we,” or “our”), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced that it will implement a 1-for-30 reverse stock split of its issued and outstanding shares of common stock (the “Reverse Stock Split”), effective at 12:01 a.m. Eastern Time on August 11, 2025. The Reverse Stock Split was approved by the Company’s stockholders at its Annual Meeting of Stockholders held on June 11, 2025, with the final ratio, within the range approved by stockholders, subsequently determined by the Company’s board of directors. The Reverse Stock Split is intended to bring the Company into compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
The Company’s common stock is expected to begin trading on a split-adjusted basis when the markets open on August 11, 2025 under the Company’s existing trading symbol “WATT” with the new CUSIP number 29272C 301.
At the effective time of the Reverse Stock Split, every 30 shares of the Company’s issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock without any change in the par value per share. Proportionate adjustments will be made to reduce the number of shares of common stock issuable upon the vesting, settlement and exercise of the Company’s outstanding equity awards and warrants, to reduce the number of shares issued and issuable under the Company’s equity incentive plans, and to increase the exercise and purchase prices of such securities, as applicable.
Fractional shares will not be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive a fractional share will be entitled to receive a cash payment in lieu thereof. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder’s relative interest in the Company’s equity securities, except for any adjustments for fractional shares.
Computershare Trust Company, N.A. is acting as the exchange agent and transfer agent for the Reverse Stock Split. Stockholders holding their shares electronically are not required to take any action to receive post-split shares. Stockholders owning shares through a bank, broker or other nominee will have their positions adjusted to reflect the Reverse Stock Split and will receive payment for any fractional shares in accordance with their respective bank’s, broker’s, or nominee’s particular processes.
abew4me
1年前
Energous Partners with Fortune 10 Retailer to Scale Wireless Power Deployment Across 4,700 U.S. Locations
7:30 AM ET, 04/16/2025 - Business Wire
PowerBridge Pro Transmitter Drives Nationwide Rollout of Wireless Power Networks
SAN JOSE, Calif.--(BUSINESS WIRE)--Apr. 16, 2025-- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a leader in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced the acceleration of its deployment timeline with a Fortune 10 multinational retailer. [I believe the "Fortune 10 retailer" is Walmart] This implementation is part of an infrastructure modernization initiative aimed at upgrading approximately 4,700 retail locations across the United States.
The rollout features the Energous PowerBridge Pro transmitter, a cornerstone of the retailer’s new WPN program. Since commencing the deployment phase in 2024, Energous has shipped over 4,000 PowerBridge Pro units for this project. Installation began in early 2025, with plans to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025. This deployment is designed to improve supply chain visibility and streamline inventory management for perishable and dry goods assets by enabling real-time asset tracking and full-scale automation across the customer’s entire operation, with 24/7/365 data processing, providing continuous insights into inventory health, operational efficiencies, and potential risks.
“We’re thrilled to achieve this pivotal milestone in the commercial adoption of our PowerBridge Pro transmitter technology,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “Since launching our initial Proof of Concept with this customer in 2023, we’ve worked hand-in-hand to deliver a comprehensive track and trace solution that exceeds expectations. Our WPN technology not only achieves four times the power output of our competition it also enables up to 99 percent visibility of tracked assets and inventory, compared to much lower values achieved with competitive products. From warehouse to store, we are meeting this retailer’s rigorous performance standards and KPIs.” [This is huge!]
Burak added, “The compelling results from our pilot program fueled the expansion of our partnership, growing from perishable goods to now include dry goods distribution. This success was a driving factor in the retailer’s decision to roll out our WPN technology nationwide. Our PowerBridge Pro transmitters are set to transform grocery distribution by providing always-on access to critical data, improving visibility and control, and reducing reliance on batteries for smarter, more sustainable operations. As a core component of this retailer’s modernization strategy, our advanced technology positions us to play a key role in every phase of this groundbreaking program across more than 4,700 U.S. locations. This flagship deployment is expected to serve as a shining example for other large enterprises to follow.”
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit http://www.energous.com/ or follow on LinkedIn.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about our financial results and projections, statements about the success of our collaborations with our partners, statements about any governmental approvals we may need to operate our business, statements about our technology and its expected functionality, and statements with respect to expected company growth. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416585796/en/
Media Contacts: Energous PR pr@energous.com
Energous IR ir@energous.com
Source: Energous Corporation
abew4me
1年前
Energous Introduces AI Driven PowerBridgeMOD and PowerBridge PRO+ With Integrated Gateway - Creating Adaptable and Versatile Asset Tracking Solutions
SAN JOSE, Calif.--(BUSINESS WIRE)--Mar. 25, 2025--Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced two new additions to its PowerBridge family of WPN transmitter systems. The new solutions will provide greater flexibility for enterprise customers in optimizing visibility into the asset journey defined by their specific application requirements.
The new Energous PowerBridgeMOD offers flexibility and use case adaptability, as it can be deployed in a variety of applications, pushing the boundaries of asset tracking and data management. This adaptable transmitter solution, equipped with clusters of “smart” antennas, will help boost the visibility of tags and sensors in any IoT environment, such as transportation, fixed infrastructure, and point of entry/exit. The modular transmitter solution is controlled by an AI-backed, cloud-based software platform that continuously analyzes asset activity to optimize the operational sequence of the antennas. For complex and dynamic operational flows, the PowerBridgeMOD not only captures asset tracking through identified zones but also improves the overall power consumption of the transmitters, maximizing the transmitter performance required to most effectively manage the required power transmission unique to a customer’s specific use case or application. The adaptive nature of this novel solution enables a real-time feedback loop that continuously surveys key performance parameters (“KPP”) set by the customer. This enables businesses to digitally monitor their supply chain network using advanced AI-driven technology to proactively address issues, whether on the road or in a warehouse, to help mitigate the risk of inventory loss.
In addition, the company has introduced a new PowerBridge PRO+ transmitter with an integrated gateway to provide our customers with a consolidated wireless power solution. The transmitter is designed to further minimize the amount of infrastructure hardware required when deploying our WPN technology in customer applications. This transmitter unit contains all of the desired features of the PowerBridge PRO, a rugged enterprise solution with 2W output power in WPT band and 8W EIRP, with added WiFi capability to report data seamlessly from visible tags and sensors to our cloud platform in real time.
For large enterprises managing expansive supply chain infrastructures - where assets move through warehouses, distribution centers, and vehicles - implementing WPN solutions that include innovative technology, like the PowerBridgeMOD and PowerBridge PRO+, significantly reduces the entity’s total cost of ownership. Energous solutions reduce the reliance on backup batteries in transportation settings and minimize the number of chandelier and mounting brackets required for deployments in fixed locations, which can often exceed the cost of the transmitters themselves, providing customers with a scalable solution at an attractive investment point.
The PowerBridge transmitter product portfolio provides an ideal, cost-effective solution that can enhance asset visibility across a broad range of customized applications, delivering continuous access to wireless power over-the-air and at a distance, enabling a constant stream of real-time data while critical inventory is in transit. Proofs of Concept for the new transmitters are scheduled to begin as early as Q2 2025, with plans to commence commercial production of the products during Q4 of 2025.
“Our expanded suite of PowerBridge transmitters is designed to ensure that companies are armed with the most sophisticated means of managing their operations in an increasingly complex asset management landscape. Releasing the PowerBridgeMOD and PowerBridge PRO+ with integrated gateway underscores our commitment to providing companies with state-of-the-art technology to automate and proactively monitor their operations in a scalable way, while keeping total cost of ownership low,” said Mallorie Burak, CEO and CFO, Energous Wireless Power Solutions. “Understanding that each company’s inventory and operating environment is unique, Energous has prioritized taking a market driven approach to innovation, providing advanced, AI driven WPN solutions requiring minimal investment to scale.”
About Energous Corporation
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit www.energous.com or follow on LinkedIn.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about the future of the global wireless charging industry and statements about our technology and its expected functionality. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250325050771/en/
Media Contacts:
Energous PR
pr@energous.com
Energous IR
ir@energous.com
Source: Energous Corporation
abew4me
1年前
Energous Wireless Power Solutions Reports 2024 Results
SAN JOSE, Calif. – February 27, 2025 – Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) (the “Company”), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced financial results for the year ended December 31, 2024, and provided an update on recent partnerships and Company highlights.
Fiscal Year 2024 Financial Results
- Revenue for the year ended December 31, 2024 of $0.8 million versus approximately $0.5 million in 2023, representing a 62% increase year over year.
- 2024 represented a pivotal shift in revenue generation for the Company. Whereas approximately 80% of 2023 revenue consisted of non-recurring engineering services and micro-chip sales, in 2024 88% of revenue was generated by the sale of our PowerBridge transmitters – primarily attributable to demand for our PowerBridge PRO transmitters.
- Revenue for the fourth quarter ended December 31, 2024 of $0.4 million versus approximately $0.2 million reported for the third quarter ended September 30, 2024, representing quarter over quarter growth of 86%.
- Cost of revenue and operating expenses for the year ended December 31, 2024 totaled $19.2 million versus $22.6 million in 2023. Total 2024 GAAP cost of revenue and operating expenses consisted of approximately $0.7 million in cost of revenue, $8.3 million in research and development (R&D) expenses, $8.8 million in sales, marketing, general and administrative (SG&A) expenses, and approximately $1.4 million in severance expenses.
- Non-GAAP operating expenses for the year ended December 31, 2024 were $16.2 million, decreasing from $20.0 million in 2023, representing a reduction of approximately $4.0 million, or 19%, year over year.
- Continued operational cost reductions and increased commercial revenue yielded improved year over year net loss and net loss per share of approximately $(18.4) million, or $(2.57) per basic and diluted share for the year ended December 31, 2024, versus a net loss of approximately $(19.4) million, or $(4.15) per basic and diluted share, for 2023.
- Non-GAAP net loss of approximately $(16.2) million for the year ended December 31, 2024 versus non-GAAP net loss of approximately ($19.1) million in 2023, representing a 15% improvement year over year.
- Approximately $1.4 million in cash and cash equivalents as of December 31, 2024. As of February 25, 2025, cash and cash equivalents totaled approximately $11.7 million.
See “Non-GAAP Financial Measures” below for additional information.
Company Highlights
• Revenue recorded in 2024 related to commercial PowerBridge transmitter system shipments surpassed all cumulative PowerBridge transmitter system revenue reported since introducing the product family to the market in the fourth quarter of 2021 – representing a significant milestone for the Company and illustrating growing adoption of our innovative wireless power network solutions.
• Between January 1, 2025 and February 12, 2025, the Company raised approximately $13.4 million, net of issuance costs and expenses, under its at-the-market offering program. As of February 25, 2025, cash and cash equivalents totaled approximately $11.7 million. This capital allows the Company to execute its growth initiatives for 2025 and execute on the backlog of orders placed with the Company.
• Ongoing cost reduction efforts during 2024 and continuing into February 2025 represent over approximately $6.8 million in annualized expense reductions. Management continues to explore additional ways to optimize operations to accelerate the path to profitability.
• The Company was granted 13 new patents in 2024.
• The Company rebranded its PowerBridge transmitters to better reflect the wireless power benefits of the solutions. The PowerBridge PRO, formerly known as the 2W transmitter, is an enterprise grade product with 8W EIRP capabilities as well as a full IP67 rating. Alternatively, the PowerBridge LITE, formerly known as the 1W transmitter, delivers 4W EIRP capabilities for dynamic use cases, such as transportation.
• The Company was awarded the first phase of a multi-stage project by a Fortune 10 multinational retailer, which will deploy PowerBridge transmitters in more than 4,700 locations.
• The Company has been engaged by a global leader in RFID-based source-to-shopper solutions to develop a battery-free smart tag that will enhance visibility and asset tracking for retail-focused Internet of Things (IoT) applications.
• The PowerBridge transmitter won a Mobile Breakthrough Award for “IoT Innovation of the Year”.
• The Company received an order for its PowerBridge transmitter systems from a Fortune 10 multinational retail organization for real-time inventory tracking during transportation. This deployment follows the retailer’s previous orders of PowerBridge transmitters for its grocery distribution centers. [Fortune 10 multinational Retailer....is almost certainly Walmart!!!]
“Developing an emerging technology and driving innovation takes significant time and financial resources,” said Mallorie Burak, CEO and CFO, Energous Wireless Power Solutions. “In 2024, we demonstrated solid market traction for our solutions, as evidenced by the adoption of our wireless power technologies by major multinational corporations. We remain committed to building sales momentum, maintaining our focus on optimizing our operations to better position the Company for growth, and enhancing our intellectual property portfolio.”
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit http://www.energous.com/ or follow on LinkedIn.
https://energous.com/company/newsroom/news/energous-wireless-power-solutions-reports-2024-results/
abew4me
1年前
This is why I loaded the boat with WATT shares. (See below)
Energous recently announced the successful raise of $13.4 million. Now, if you divide that by the outstanding shares of 30,440,000 you get a SP of .44 cents per share!
The shares are grossly undervalued right now!
***************************************************************************************************************
Energous Raises $13.4 Million Year-to-Date and Provides Update on Growth in 2025
SAN JOSE, Calif.--(BUSINESS WIRE)--Mar. 11, 2025--Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced an update on recent financing activities and plans for future business growth. During the first two months of 2025, the company successfully raised net proceeds of $13.4 million under its "at-the-market" common stock equity offering program (the “ATM Program”), which greatly stabilized its financial position and will provide growth capital to fulfill current and future backlog and other operational needs.
In mid-February 2025, Energous also increased the capacity for sales of common stock under the ATM Program to up to $80 million of additional shares, preserving continued access to capital, if needed, to accelerate its commitment to repositioning the company for growth and fulfilling its strategic objectives. Proceeds from the ATM Program, combined with cost reduction measures implemented during 2024 and into the first quarter of 2025, are expected to provide Energous with sufficient funds for general corporate purposes, including capital expenditures, working capital, and other business opportunities, for at least the next 12 months.
“Recent financial and operational milestones have not only stabilized the company but have also positioned us for sustainable growth,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We are anticipating an increase in orders as part of the scale-up process we began early last year with two of our leading multinational retail customers, and there’s potential for an accelerated deployment schedule due to upcoming government regulations, such as the Food Safety Modernization Act, impacting retailers in early 2026.”
Given this improved financial footing, Energous will withdraw the previously announced Regulation A Offering Statement filed with the SEC and terminate the Regulation A offering. The Company has not closed on any sales of securities under the Regulation A offering.
“Our focus remains, first and foremost, to maximize shareholder value. Although there was significant interest in the Regulation A offering, we believe that strategic cost-cutting measures, increased development of product sales, and continued access to the least dilutive financing alternative at the lowest possible cost of capital will be best for both our shareholders and the company,” added Burak. “The bright spot of the offering was the ability to interact with the retail investor community. We remain grateful for the support shown by the individual investors who believe that Energous’ wireless power technology is enabling the future of intelligent business automation.”
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit https://energous.com/ or follow on LinkedIn.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about our financial results and projections, statements about the success of our collaborations with our partners, statements about any governmental approvals we may need to operate our business, statements about our technology and its expected functionality, and statements with respect to expected company growth. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250311870379/en/
Media Contacts:
Energous PR
pr@energous.com
Energous IR
ir@energous.com
Source: Energous Corporation
abew4me
1年前
The funds raised by "other sources" was through their ATM program...which doesn't create any debt.
*********************************************************************************************************************
Energous Raises $13.4 Million Year-to-Date and Provides Update on Growth in 2025
SAN JOSE, Calif.--(BUSINESS WIRE)--Mar. 11, 2025--Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced an update on recent financing activities and plans for future business growth. During the first two months of 2025, the company successfully raised net proceeds of $13.4 million under its "at-the-market" common stock equity offering program (the “ATM Program”), which greatly stabilized its financial position and will provide growth capital to fulfill current and future backlog and other operational needs.
In mid-February 2025, Energous also increased the capacity for sales of common stock under the ATM Program to up to $80 million of additional shares, preserving continued access to capital, if needed, to accelerate its commitment to repositioning the company for growth and fulfilling its strategic objectives. Proceeds from the ATM Program, combined with cost reduction measures implemented during 2024 and into the first quarter of 2025, are expected to provide Energous with sufficient funds for general corporate purposes, including capital expenditures, working capital, and other business opportunities, for at least the next 12 months.
“Recent financial and operational milestones have not only stabilized the company but have also positioned us for sustainable growth,” said Mallorie Burak, CEO and CFO of Energous Wireless Power Solutions. “We are anticipating an increase in orders as part of the scale-up process we began early last year with two of our leading multinational retail customers, and there’s potential for an accelerated deployment schedule due to upcoming government regulations, such as the Food Safety Modernization Act, impacting retailers in early 2026.”
Given this improved financial footing, Energous will withdraw the previously announced Regulation A Offering Statement filed with the SEC and terminate the Regulation A offering. The Company has not closed on any sales of securities under the Regulation A offering.
“Our focus remains, first and foremost, to maximize shareholder value. Although there was significant interest in the Regulation A offering, we believe that strategic cost-cutting measures, increased development of product sales, and continued access to the least dilutive financing alternative at the lowest possible cost of capital will be best for both our shareholders and the company,” added Burak. “The bright spot of the offering was the ability to interact with the retail investor community. We remain grateful for the support shown by the individual investors who believe that Energous’ wireless power technology is enabling the future of intelligent business automation.”
About Energous Wireless Power Solutions
Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT) is pioneering scalable, over-the-air (OTA) wireless power networks that enable unprecedented levels of visibility, control, and intelligent business automation. The Company’s wireless power transmitter and receiver technologies deliver continuous access to wireless power, helping drive a new generation of battery-free devices for asset and inventory tracking and management—from retail sensors, electronic shelf labels, and asset trackers, to air quality monitors, motion detectors, and more. For more information, visit https://energous.com/ or follow on LinkedIn.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements may describe our future plans and expectations and are based on the current beliefs, expectations and assumptions of Energous. These statements generally use terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or similar terms. Examples of forward-looking statements in this release include but are not limited to statements about our financial results and projections, statements about the success of our collaborations with our partners, statements about any governmental approvals we may need to operate our business, statements about our technology and its expected functionality, and statements with respect to expected company growth. Factors that could cause actual results to differ from current expectations include: uncertain timing of necessary regulatory approvals; timing of customer product development and market success of customer products; our dependence on distribution partners; and intense industry competition. We urge you to consider those factors, and the other risks and uncertainties described in our most recent annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC), any subsequently filed quarterly reports on Form 10-Q as well as in other documents that may have been subsequently filed by Energous, from time to time, with the SEC, in evaluating our forward-looking statements. In addition, any forward-looking statements represent Energous’ views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. Energous does not assume any obligation to update any forward-looking statements unless required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250311870379/en/
Media Contacts:
Energous PR
pr@energous.com
Energous IR
ir@energous.com
Source: Energous Corporation
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glenn1919
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