Energous Corporation (WATT) 10-Year Financial Performance & Capital Metrics

WATT • • Industrial / General

TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsCircuit Protection & Power Components

AboutEnergous Corporation develops wireless charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. The company's products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications. Energous Corporation was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. The company was incorporated in 2012 and is headquartered in San Jose, California.Show more

Revenue $768K +62.0%
EBITDA -$18M +16.9%
Net Income -$18M +5.0%
EPS (Diluted) -77.10 +38.1%
Gross Margin 1.56% -96.2%
EBITDA Margin -2371.61% +48.7%
Operating Margin -2397.14% +48.6%
Net Margin -2395.57% +41.3%
ROE -353.09% -229.5%
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 30.9%

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Shares diluted 53.4% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y30.86%

3Y0.49%

TTM600.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM34.32%

EPS CAGR

10Y-

5Y-

3Y-

TTM82.58%

ROCE

10Y Avg-173.46%

5Y Avg-140.36%

3Y Avg-175%

Latest-335.4%

Peer Comparison

Circuit Protection & Power Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VICRVicor Corporation	4.79B	145.48	1039.14	-11.36%	18.63%	13.05%	0.57%	0.01
LFUSLittelfuse, Inc.	7.32B	293.80	73.45	-7.28%	5.11%	4.44%	3.99%	0.39
ROGRogers Corporation	1.81B	100.89	72.06	-8.62%	-8.43%	-5.56%	3.91%	0.02
BELFBBel Fuse Inc.	2.07B	196.61	60.31	-16.41%	10.04%	12.81%	2.89%	0.72
WATTEnergous Corporation	11.01M	5.06	-0.07	61.96%	-410.74%	-90.31%
SNDKSandisk Corporation	59.98B	409.24	-36.15	10.39%	-22.36%	-18.55%		0.22
RELLRichardson Electronics, Ltd.	135.17M	10.83	-116.58	6.34%	0.08%	0.11%	5.73%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.5M	1.45M	1.15M	514.82K	200.14K	327.35K	756.79K	851.32K	474.18K	768K
Revenue Growth %	-	-0.42%	-0.21%	-0.55%	-0.61%	0.64%	1.31%	0.12%	-0.44%	0.62%
Cost of Goods Sold+	0	0	0	0	0	126.54K	0	1.28M	279.08K	756K
COGS % of Revenue	-	-	-	-	-	0.39%	-	1.5%	0.59%	0.98%
Gross Profit+	2.5M	1.45M	1.15M	514.82K	200.14K	200.81K	756.79K	-426.24K	195.1K	12K
Gross Margin %	1%	1%	1%	1%	1%	0.61%	1%	-0.5%	0.41%	0.02%
Gross Profit Growth %	-	-0.42%	-0.21%	-0.55%	-0.61%	0%	2.77%	-1.56%	1.46%	-0.94%
Operating Expenses+	30.08M	47.28M	50.54M	51.44M	39.01M	32.1M	42.19M	26.26M	22.29M	18.42M
OpEx % of Revenue	12.03%	32.57%	43.8%	99.93%	194.9%	98.06%	55.75%	30.85%	47.02%	23.99%
Selling, General & Admin	11.25M	14.45M	17.31M	18.57M	15.78M	15.03M	17.6M	12.96M	11.12M	8.77M
SG&A % of Revenue	4.5%	9.95%	15%	36.08%	78.84%	45.93%	23.26%	15.23%	23.46%	11.42%
Research & Development	18.83M	32.83M	33.23M	32.87M	23.23M	17.07M	20.57M	12.5M	10.81M	8.28M
R&D % of Revenue	7.53%	22.61%	28.8%	63.85%	116.06%	52.13%	27.18%	14.68%	22.8%	10.77%
Other Operating Expenses	0	0	0	0	0	0	4.02M	798.39K	359.42K	1.38M
Operating Income+	-27.58M	-45.83M	-49.39M	-50.93M	-38.81M	-31.9M	-41.43M	-26.69M	-22.1M	-18.41M
Operating Margin %	-11.03%	-31.57%	-42.8%	-98.93%	-193.9%	-97.45%	-54.75%	-31.35%	-46.61%	-23.97%
Operating Income Growth %	-0.35%	-0.66%	-0.08%	-0.03%	0.24%	0.18%	-0.3%	0.36%	0.17%	0.17%
EBITDA+	-26.76M	-44.87M	-48.08M	-49.87M	-38.03M	-30.78M	-41.17M	-26.44M	-21.91M	-18.21M
EBITDA Margin %	-10.7%	-30.91%	-41.66%	-96.88%	-190%	-94.02%	-54.41%	-31.06%	-46.21%	-23.72%
EBITDA Growth %	-0.34%	-0.68%	-0.07%	-0.04%	0.24%	0.19%	-0.34%	0.36%	0.17%	0.17%
D&A (Non-Cash Add-back)	817.73K	957.84K	1.31M	1.05M	781.23K	1.12M	258.25K	246.16K	187.21K	196K
EBIT	-27.58M	-45.83M	-49.39M	-50.93M	-38.81M	-31.9M	-37.42M	-25.89M	-21.74M	-17.03M
Net Interest Income+	15.64K	13.33K	11.68K	89.29K	416.27K	71.21K	5.49K	411.06K	809.23K	0
Interest Income	15.64K	13.33K	11.68K	89.29K	416.27K	71.21K	5.49K	411.06K	809.23K	0
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	15.64K	13.33K	10.95K	89.29K	408.81K	67.08K	5.49K	411.06K	2.73M	12K
Pretax Income+	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Pretax Margin %	-11.02%	-31.56%	-42.79%	-98.75%	-191.86%	-97.24%	-54.74%	-30.86%	-40.84%	-23.96%
Income Tax+	0	0	0	89.29K	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Net Margin %	-11.02%	-31.56%	-42.79%	-98.75%	-191.86%	-97.24%	-54.74%	-30.86%	-40.84%	-23.96%
Net Income Growth %	0.4%	-0.66%	-0.08%	-0.03%	0.24%	0.17%	-0.3%	0.37%	0.26%	0.05%
Net Income (Continuing)	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1242.00	-1560.00	-1386.00	-1196.88	-761.40	-458.70	-382.80	-203.40	-124.50	-77.10
EPS Growth %	0.64%	-0.26%	0.11%	0.14%	0.36%	0.4%	0.17%	0.47%	0.39%	0.38%
EPS (Basic)	-1242.00	-1560.00	-1386.00	-1196.88	-761.40	-458.70	-382.80	-203.40	-124.50	-77.10
Diluted Shares Outstanding	22.15K	29.39K	35.54K	42.44K	50.39K	69.33K	108.1K	129.01K	155.3K	238.21K
Basic Shares Outstanding	22.15K	29.39K	35.54K	42.44K	50.39K	69.33K	108.1K	129.01K	155.3K	238.21K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	30.68M	32.86M	13.9M	20.79M	22.2M	51.44M	50.23M	27.36M	15.01M	2.91M
Cash & Short-Term Investments	29.87M	31.26M	12.8M	20.11M	21.68M	50.73M	49.07M	26.29M	13.88M	1.35M
Cash Only	29.87M	31.26M	12.8M	20.11M	21.68M	50.73M	49.07M	26.29M	13.88M	1.35M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	149.5K	0	44.55K	63.14K	75.85K	283.6K	143.35K	102K	78K
Days Sales Outstanding	-	37.58	-	31.59	115.16	84.57	136.78	61.46	78.51	37.07
Inventory	0	80.78K	0	56.67K	0	0	0	105.82K	430K	498K
Days Inventory Outstanding	-	-	-	-	-	-	-	30.23	562.38	240.44
Other Current Assets	722.25K	1.37M	1.03M	581.04K	450.23K	636.7K	874.89K	827.55K	243K	983K
Total Non-Current Assets+	2M	2.4M	1.5M	1.22M	2.69M	1.7M	1.14M	2.39M	1.67M	883K
Property, Plant & Equipment	1.73M	2.21M	1.41M	1.22M	2.68M	1.7M	1.13M	2.39M	1.67M	883K
Fixed Asset Turnover	1.44x	0.66x	0.82x	0.42x	0.07x	0.19x	0.67x	0.36x	0.28x	0.87x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.05M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	-781.61K	185.96K	89.18K	2.41K	2.41K	1.61K	11.99K	0	-1	0
Total Assets+	32.68M	35.26M	15.41M	22.01M	24.88M	53.14M	51.37M	29.75M	16.68M	3.79M
Asset Turnover	0.08x	0.04x	0.07x	0.02x	0.01x	0.01x	0.01x	0.03x	0.03x	0.20x
Asset Growth %	-0.03%	0.08%	-0.56%	0.43%	0.13%	1.14%	-0.03%	-0.42%	-0.44%	-0.77%
Total Current Liabilities+	3.4M	6.71M	3.65M	3.64M	4.47M	3.51M	4.35M	3.84M	4.62M	4.87M
Accounts Payable	2.32M	4.71M	2.02M	1.86M	1.67M	1.1M	1.21M	900.76K	1.88M	1.85M
Days Payables Outstanding	-	-	-	-	-	3.16K	-	257.35	2.46K	894.15
Short-Term Debt	0	0	0	0	0	0	0	0	0	818K
Deferred Revenue (Current)	0	131.96K	0	0	12K	12K	13.36K	29.73K	0	13K
Other Current Liabilities	0	870.09K	0	0	965.1K	330.14K	1.28M	1.72M	647K	781K
Current Ratio	9.02x	4.90x	3.81x	5.71x	4.97x	14.65x	11.56x	7.12x	3.25x	0.60x
Quick Ratio	9.02x	4.89x	3.81x	5.70x	4.97x	14.65x	11.56x	7.09x	3.15x	0.50x
Cash Conversion Cycle	-	-	-	-	-	-	-	-165.65	-1.82K	-616.65
Total Non-Current Liabilities+	2.32M	4.84M	2.02M	1.86M	1.4M	576.76K	40.41K	1.26M	557K	0
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	1.4M	576.76K	40.41K	1.26M	557K	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	-1	0
Total Liabilities	3.4M	6.71M	3.65M	3.64M	5.87M	4.09M	4.39M	5.11M	5.18M	4.87M
Total Debt+	0	0	0	0	2.12M	1.4M	668.72K	1.97M	1.26M	1.49M
Net Debt	-29.87M	-31.26M	-12.8M	-20.11M	-19.56M	-49.33M	-48.4M	-24.32M	-12.61M	133K
Debt / Equity	-	-	-	-	0.11x	0.03x	0.01x	0.08x	0.11x	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	29.27M	28.55M	11.76M	18.37M	19.01M	49.05M	46.98M	24.65M	11.5M	-1.08M
Equity Growth %	-0.07%	-0.02%	-0.59%	0.56%	0.03%	1.58%	-0.04%	-0.48%	-0.53%	-1.09%
Book Value per Share	1321.62	971.61	330.90	432.91	377.33	707.52	434.63	191.03	74.04	-4.52
Total Shareholders' Equity	29.27M	28.55M	11.76M	18.37M	19.01M	49.05M	46.98M	24.65M	11.5M	-1.08M
Common Stock	161	202	225	265	333	614	767	789	1K	1K
Retained Earnings	-78.71M	-124.52M	-173.9M	-224.74M	-263.14M	-294.97M	-336.4M	-362.68M	-382.04M	-400.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-20.01M	-33.06M	-34.43M	-32.53M	-26.62M	-24.79M	-28.72M	-23.64M	-19.25M	-17.57M
Operating CF Margin %	-8%	-22.77%	-29.84%	-63.18%	-133.01%	-75.73%	-37.95%	-27.76%	-40.59%	-22.88%
Operating CF Growth %	-0.28%	-0.65%	-0.04%	0.06%	0.18%	0.07%	-0.16%	0.18%	0.19%	0.09%
Net Income	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Depreciation & Amortization	817.73K	957.84K	1.31M	1.05M	1.57M	1.12M	258.25K	246.16K	187K	196K
Stock-Based Compensation	5.95M	9.51M	15.8M	16.75M	10.65M	7.9M	11.93M	2.92M	1.68M	799K
Deferred Taxes	0	0	726	0	-743.88K	0	0	0	0	0
Other Non-Cash Items	80.78K	80.78K	80.78K	80.78K	786.34K	25.51K	685.16K	771.19K	-1.77M	146K
Working Capital Changes	706.04K	2.21M	-2.25M	423.84K	-478.67K	-2M	-167.69K	-1.3M	22K	-316K
Change in Receivables	0	-149.5K	149.5K	-44.55K	-53.59K	-34.08K	-218.6K	99.51K	54K	24K
Change in Inventory	0	-156.9K	417.8K	601.59K	-247.21K	0	0	-105.82K	-491K	-68K
Change in Payables	608.96K	2.38M	-2.68M	-163.31K	-189.87K	-574.68K	109.12K	-305.19K	979K	-27K
Cash from Investing+	-1.03M	-1.14M	-814.65K	-859.82K	-196.2K	-136.63K	-365.74K	-164.99K	-187K	-123K
Capital Expenditures	-1.03M	-1.14M	-817.45K	-859.82K	-196.2K	-136.63K	-365.74K	-164.99K	-187K	-123K
CapEx % of Revenue	0.41%	0.78%	0.71%	1.67%	0.98%	0.42%	0.48%	0.19%	0.39%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	2.8K	0	0	0	0	0	0	0
Cash from Financing+	19.42M	35.59M	16.78M	40.7M	28.39M	53.97M	27.43M	1.02M	7.08M	5.11M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	368.05K	1.11M	1.85M	1.85M	857.47K	417.55K	384.13K	272.83K	73K	-342K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-21.04M	-34.2M	-35.25M	-33.39M	-26.82M	-24.93M	-29.09M	-23.8M	-19.44M	-17.7M
FCF Margin %	-8.42%	-23.55%	-30.54%	-64.85%	-133.99%	-76.15%	-38.43%	-27.96%	-40.99%	-23.04%
FCF Growth %	-0.22%	-0.63%	-0.03%	0.05%	0.2%	0.07%	-0.17%	0.18%	0.18%	0.09%
FCF per Share	-949.79	-1163.83	-991.89	-786.78	-532.22	-359.56	-269.06	-184.49	-125.15	-74.29
FCF Conversion (FCF/Net Income)	0.73x	0.72x	0.70x	0.64x	0.69x	0.78x	0.69x	0.90x	0.99x	0.96x
Interest Paid	0	0	0	0	0	0	0	0	0	140K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-90.97%	-158.47%	-244.99%	-337.48%	-205.43%	-93.53%	-86.27%	-73.36%	-107.17%	-353.09%
Gross Margin	100%	100%	100%	100%	100%	61.34%	100%	-50.07%	41.14%	1.56%
Net Margin	-1102.47%	-3155.6%	-4278.73%	-9875.26%	-19185.83%	-9724.17%	-5474.06%	-3086.41%	-4084.23%	-2395.57%
Debt / Equity	-	-	-	-	0.11x	0.03x	0.01x	0.08x	0.11x	-
FCF Conversion	0.73x	0.72x	0.70x	0.64x	0.69x	0.78x	0.69x	0.90x	0.99x	0.96x
Revenue Growth	-	-41.92%	-20.52%	-55.39%	-61.12%	63.56%	131.19%	12.49%	-44.3%	61.96%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Product Development Projects Revenue	-	-	197.35K	756.79K	851.32K	474.18K	800K
Product Development Projects Revenue Growth	-	-	-	283.48%	12.49%	-44.30%	68.71%
Contract Services Revenue	-	-	130K	-	-	-	-
Contract Services Revenue Growth	-	-	-	-	-	-	-
Royalty	-	-	-	-	-	-	-
Royalty Growth	-	-	-	-	-	-	-
Technology Service	514.82K	200.14K	-	-	-	-	-
Technology Service Growth	-	-61.12%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Energous Corporation (WATT) reported $3.0M in revenue for fiscal year 2024.

Energous Corporation (WATT) grew revenue by 62.0% over the past year. This is strong growth.

Energous Corporation (WATT) reported a net loss of $12.4M for fiscal year 2024.

Dividend & Returns

Energous Corporation (WATT) has a return on equity (ROE) of -353.1%. Negative ROE indicates the company is unprofitable.

Energous Corporation (WATT) had negative free cash flow of $12.7M in fiscal year 2024, likely due to heavy capital investments.

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Energous Corporation (WATT) 10-Year Financial Performance & Capital Metrics

WATT • • Industrial / General

TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsCircuit Protection & Power Components

Revenue $768K +62.0%
EBITDA -$18M +16.9%
Net Income -$18M +5.0%
EPS (Diluted) -77.10 +38.1%
Gross Margin 1.56% -96.2%
EBITDA Margin -2371.61% +48.7%
Operating Margin -2397.14% +48.6%
Net Margin -2395.57% +41.3%
ROE -353.09% -229.5%
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 30.9%

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Shares diluted 53.4% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y30.86%

3Y0.49%

TTM600.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM34.32%

EPS CAGR

10Y-

5Y-

3Y-

TTM82.58%

ROCE

10Y Avg-173.46%

5Y Avg-140.36%

3Y Avg-175%

Latest-335.4%

Peer Comparison

Circuit Protection & Power Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VICRVicor Corporation	4.79B	145.48	1039.14	-11.36%	18.63%	13.05%	0.57%	0.01
LFUSLittelfuse, Inc.	7.32B	293.80	73.45	-7.28%	5.11%	4.44%	3.99%	0.39
ROGRogers Corporation	1.81B	100.89	72.06	-8.62%	-8.43%	-5.56%	3.91%	0.02
BELFBBel Fuse Inc.	2.07B	196.61	60.31	-16.41%	10.04%	12.81%	2.89%	0.72
WATTEnergous Corporation	11.01M	5.06	-0.07	61.96%	-410.74%	-90.31%
SNDKSandisk Corporation	59.98B	409.24	-36.15	10.39%	-22.36%	-18.55%		0.22
RELLRichardson Electronics, Ltd.	135.17M	10.83	-116.58	6.34%	0.08%	0.11%	5.73%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.5M	1.45M	1.15M	514.82K	200.14K	327.35K	756.79K	851.32K	474.18K	768K
Revenue Growth %	-	-0.42%	-0.21%	-0.55%	-0.61%	0.64%	1.31%	0.12%	-0.44%	0.62%
Cost of Goods Sold+	0	0	0	0	0	126.54K	0	1.28M	279.08K	756K
COGS % of Revenue	-	-	-	-	-	0.39%	-	1.5%	0.59%	0.98%
Gross Profit+	2.5M	1.45M	1.15M	514.82K	200.14K	200.81K	756.79K	-426.24K	195.1K	12K
Gross Margin %	1%	1%	1%	1%	1%	0.61%	1%	-0.5%	0.41%	0.02%
Gross Profit Growth %	-	-0.42%	-0.21%	-0.55%	-0.61%	0%	2.77%	-1.56%	1.46%	-0.94%
Operating Expenses+	30.08M	47.28M	50.54M	51.44M	39.01M	32.1M	42.19M	26.26M	22.29M	18.42M
OpEx % of Revenue	12.03%	32.57%	43.8%	99.93%	194.9%	98.06%	55.75%	30.85%	47.02%	23.99%
Selling, General & Admin	11.25M	14.45M	17.31M	18.57M	15.78M	15.03M	17.6M	12.96M	11.12M	8.77M
SG&A % of Revenue	4.5%	9.95%	15%	36.08%	78.84%	45.93%	23.26%	15.23%	23.46%	11.42%
Research & Development	18.83M	32.83M	33.23M	32.87M	23.23M	17.07M	20.57M	12.5M	10.81M	8.28M
R&D % of Revenue	7.53%	22.61%	28.8%	63.85%	116.06%	52.13%	27.18%	14.68%	22.8%	10.77%
Other Operating Expenses	0	0	0	0	0	0	4.02M	798.39K	359.42K	1.38M
Operating Income+	-27.58M	-45.83M	-49.39M	-50.93M	-38.81M	-31.9M	-41.43M	-26.69M	-22.1M	-18.41M
Operating Margin %	-11.03%	-31.57%	-42.8%	-98.93%	-193.9%	-97.45%	-54.75%	-31.35%	-46.61%	-23.97%
Operating Income Growth %	-0.35%	-0.66%	-0.08%	-0.03%	0.24%	0.18%	-0.3%	0.36%	0.17%	0.17%
EBITDA+	-26.76M	-44.87M	-48.08M	-49.87M	-38.03M	-30.78M	-41.17M	-26.44M	-21.91M	-18.21M
EBITDA Margin %	-10.7%	-30.91%	-41.66%	-96.88%	-190%	-94.02%	-54.41%	-31.06%	-46.21%	-23.72%
EBITDA Growth %	-0.34%	-0.68%	-0.07%	-0.04%	0.24%	0.19%	-0.34%	0.36%	0.17%	0.17%
D&A (Non-Cash Add-back)	817.73K	957.84K	1.31M	1.05M	781.23K	1.12M	258.25K	246.16K	187.21K	196K
EBIT	-27.58M	-45.83M	-49.39M	-50.93M	-38.81M	-31.9M	-37.42M	-25.89M	-21.74M	-17.03M
Net Interest Income+	15.64K	13.33K	11.68K	89.29K	416.27K	71.21K	5.49K	411.06K	809.23K	0
Interest Income	15.64K	13.33K	11.68K	89.29K	416.27K	71.21K	5.49K	411.06K	809.23K	0
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	15.64K	13.33K	10.95K	89.29K	408.81K	67.08K	5.49K	411.06K	2.73M	12K
Pretax Income+	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Pretax Margin %	-11.02%	-31.56%	-42.79%	-98.75%	-191.86%	-97.24%	-54.74%	-30.86%	-40.84%	-23.96%
Income Tax+	0	0	0	89.29K	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Net Margin %	-11.02%	-31.56%	-42.79%	-98.75%	-191.86%	-97.24%	-54.74%	-30.86%	-40.84%	-23.96%
Net Income Growth %	0.4%	-0.66%	-0.08%	-0.03%	0.24%	0.17%	-0.3%	0.37%	0.26%	0.05%
Net Income (Continuing)	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1242.00	-1560.00	-1386.00	-1196.88	-761.40	-458.70	-382.80	-203.40	-124.50	-77.10
EPS Growth %	0.64%	-0.26%	0.11%	0.14%	0.36%	0.4%	0.17%	0.47%	0.39%	0.38%
EPS (Basic)	-1242.00	-1560.00	-1386.00	-1196.88	-761.40	-458.70	-382.80	-203.40	-124.50	-77.10
Diluted Shares Outstanding	22.15K	29.39K	35.54K	42.44K	50.39K	69.33K	108.1K	129.01K	155.3K	238.21K
Basic Shares Outstanding	22.15K	29.39K	35.54K	42.44K	50.39K	69.33K	108.1K	129.01K	155.3K	238.21K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	30.68M	32.86M	13.9M	20.79M	22.2M	51.44M	50.23M	27.36M	15.01M	2.91M
Cash & Short-Term Investments	29.87M	31.26M	12.8M	20.11M	21.68M	50.73M	49.07M	26.29M	13.88M	1.35M
Cash Only	29.87M	31.26M	12.8M	20.11M	21.68M	50.73M	49.07M	26.29M	13.88M	1.35M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	149.5K	0	44.55K	63.14K	75.85K	283.6K	143.35K	102K	78K
Days Sales Outstanding	-	37.58	-	31.59	115.16	84.57	136.78	61.46	78.51	37.07
Inventory	0	80.78K	0	56.67K	0	0	0	105.82K	430K	498K
Days Inventory Outstanding	-	-	-	-	-	-	-	30.23	562.38	240.44
Other Current Assets	722.25K	1.37M	1.03M	581.04K	450.23K	636.7K	874.89K	827.55K	243K	983K
Total Non-Current Assets+	2M	2.4M	1.5M	1.22M	2.69M	1.7M	1.14M	2.39M	1.67M	883K
Property, Plant & Equipment	1.73M	2.21M	1.41M	1.22M	2.68M	1.7M	1.13M	2.39M	1.67M	883K
Fixed Asset Turnover	1.44x	0.66x	0.82x	0.42x	0.07x	0.19x	0.67x	0.36x	0.28x	0.87x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.05M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	-781.61K	185.96K	89.18K	2.41K	2.41K	1.61K	11.99K	0	-1	0
Total Assets+	32.68M	35.26M	15.41M	22.01M	24.88M	53.14M	51.37M	29.75M	16.68M	3.79M
Asset Turnover	0.08x	0.04x	0.07x	0.02x	0.01x	0.01x	0.01x	0.03x	0.03x	0.20x
Asset Growth %	-0.03%	0.08%	-0.56%	0.43%	0.13%	1.14%	-0.03%	-0.42%	-0.44%	-0.77%
Total Current Liabilities+	3.4M	6.71M	3.65M	3.64M	4.47M	3.51M	4.35M	3.84M	4.62M	4.87M
Accounts Payable	2.32M	4.71M	2.02M	1.86M	1.67M	1.1M	1.21M	900.76K	1.88M	1.85M
Days Payables Outstanding	-	-	-	-	-	3.16K	-	257.35	2.46K	894.15
Short-Term Debt	0	0	0	0	0	0	0	0	0	818K
Deferred Revenue (Current)	0	131.96K	0	0	12K	12K	13.36K	29.73K	0	13K
Other Current Liabilities	0	870.09K	0	0	965.1K	330.14K	1.28M	1.72M	647K	781K
Current Ratio	9.02x	4.90x	3.81x	5.71x	4.97x	14.65x	11.56x	7.12x	3.25x	0.60x
Quick Ratio	9.02x	4.89x	3.81x	5.70x	4.97x	14.65x	11.56x	7.09x	3.15x	0.50x
Cash Conversion Cycle	-	-	-	-	-	-	-	-165.65	-1.82K	-616.65
Total Non-Current Liabilities+	2.32M	4.84M	2.02M	1.86M	1.4M	576.76K	40.41K	1.26M	557K	0
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	1.4M	576.76K	40.41K	1.26M	557K	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	-1	0
Total Liabilities	3.4M	6.71M	3.65M	3.64M	5.87M	4.09M	4.39M	5.11M	5.18M	4.87M
Total Debt+	0	0	0	0	2.12M	1.4M	668.72K	1.97M	1.26M	1.49M
Net Debt	-29.87M	-31.26M	-12.8M	-20.11M	-19.56M	-49.33M	-48.4M	-24.32M	-12.61M	133K
Debt / Equity	-	-	-	-	0.11x	0.03x	0.01x	0.08x	0.11x	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	29.27M	28.55M	11.76M	18.37M	19.01M	49.05M	46.98M	24.65M	11.5M	-1.08M
Equity Growth %	-0.07%	-0.02%	-0.59%	0.56%	0.03%	1.58%	-0.04%	-0.48%	-0.53%	-1.09%
Book Value per Share	1321.62	971.61	330.90	432.91	377.33	707.52	434.63	191.03	74.04	-4.52
Total Shareholders' Equity	29.27M	28.55M	11.76M	18.37M	19.01M	49.05M	46.98M	24.65M	11.5M	-1.08M
Common Stock	161	202	225	265	333	614	767	789	1K	1K
Retained Earnings	-78.71M	-124.52M	-173.9M	-224.74M	-263.14M	-294.97M	-336.4M	-362.68M	-382.04M	-400.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-20.01M	-33.06M	-34.43M	-32.53M	-26.62M	-24.79M	-28.72M	-23.64M	-19.25M	-17.57M
Operating CF Margin %	-8%	-22.77%	-29.84%	-63.18%	-133.01%	-75.73%	-37.95%	-27.76%	-40.59%	-22.88%
Operating CF Growth %	-0.28%	-0.65%	-0.04%	0.06%	0.18%	0.07%	-0.16%	0.18%	0.19%	0.09%
Net Income	-27.56M	-45.82M	-49.38M	-50.84M	-38.4M	-31.83M	-41.43M	-26.28M	-19.37M	-18.4M
Depreciation & Amortization	817.73K	957.84K	1.31M	1.05M	1.57M	1.12M	258.25K	246.16K	187K	196K
Stock-Based Compensation	5.95M	9.51M	15.8M	16.75M	10.65M	7.9M	11.93M	2.92M	1.68M	799K
Deferred Taxes	0	0	726	0	-743.88K	0	0	0	0	0
Other Non-Cash Items	80.78K	80.78K	80.78K	80.78K	786.34K	25.51K	685.16K	771.19K	-1.77M	146K
Working Capital Changes	706.04K	2.21M	-2.25M	423.84K	-478.67K	-2M	-167.69K	-1.3M	22K	-316K
Change in Receivables	0	-149.5K	149.5K	-44.55K	-53.59K	-34.08K	-218.6K	99.51K	54K	24K
Change in Inventory	0	-156.9K	417.8K	601.59K	-247.21K	0	0	-105.82K	-491K	-68K
Change in Payables	608.96K	2.38M	-2.68M	-163.31K	-189.87K	-574.68K	109.12K	-305.19K	979K	-27K
Cash from Investing+	-1.03M	-1.14M	-814.65K	-859.82K	-196.2K	-136.63K	-365.74K	-164.99K	-187K	-123K
Capital Expenditures	-1.03M	-1.14M	-817.45K	-859.82K	-196.2K	-136.63K	-365.74K	-164.99K	-187K	-123K
CapEx % of Revenue	0.41%	0.78%	0.71%	1.67%	0.98%	0.42%	0.48%	0.19%	0.39%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	2.8K	0	0	0	0	0	0	0
Cash from Financing+	19.42M	35.59M	16.78M	40.7M	28.39M	53.97M	27.43M	1.02M	7.08M	5.11M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	368.05K	1.11M	1.85M	1.85M	857.47K	417.55K	384.13K	272.83K	73K	-342K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-21.04M	-34.2M	-35.25M	-33.39M	-26.82M	-24.93M	-29.09M	-23.8M	-19.44M	-17.7M
FCF Margin %	-8.42%	-23.55%	-30.54%	-64.85%	-133.99%	-76.15%	-38.43%	-27.96%	-40.99%	-23.04%
FCF Growth %	-0.22%	-0.63%	-0.03%	0.05%	0.2%	0.07%	-0.17%	0.18%	0.18%	0.09%
FCF per Share	-949.79	-1163.83	-991.89	-786.78	-532.22	-359.56	-269.06	-184.49	-125.15	-74.29
FCF Conversion (FCF/Net Income)	0.73x	0.72x	0.70x	0.64x	0.69x	0.78x	0.69x	0.90x	0.99x	0.96x
Interest Paid	0	0	0	0	0	0	0	0	0	140K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-90.97%	-158.47%	-244.99%	-337.48%	-205.43%	-93.53%	-86.27%	-73.36%	-107.17%	-353.09%
Gross Margin	100%	100%	100%	100%	100%	61.34%	100%	-50.07%	41.14%	1.56%
Net Margin	-1102.47%	-3155.6%	-4278.73%	-9875.26%	-19185.83%	-9724.17%	-5474.06%	-3086.41%	-4084.23%	-2395.57%
Debt / Equity	-	-	-	-	0.11x	0.03x	0.01x	0.08x	0.11x	-
FCF Conversion	0.73x	0.72x	0.70x	0.64x	0.69x	0.78x	0.69x	0.90x	0.99x	0.96x
Revenue Growth	-	-41.92%	-20.52%	-55.39%	-61.12%	63.56%	131.19%	12.49%	-44.3%	61.96%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Product Development Projects Revenue	-	-	197.35K	756.79K	851.32K	474.18K	800K
Product Development Projects Revenue Growth	-	-	-	283.48%	12.49%	-44.30%	68.71%
Contract Services Revenue	-	-	130K	-	-	-	-
Contract Services Revenue Growth	-	-	-	-	-	-	-
Royalty	-	-	-	-	-	-	-
Royalty Growth	-	-	-	-	-	-	-
Technology Service	514.82K	200.14K	-	-	-	-	-
Technology Service Growth	-	-61.12%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Energous Corporation (WATT) reported $3.0M in revenue for fiscal year 2024.

Energous Corporation (WATT) grew revenue by 62.0% over the past year. This is strong growth.

Energous Corporation (WATT) reported a net loss of $12.4M for fiscal year 2024.

Dividend & Returns

Energous Corporation (WATT) has a return on equity (ROE) of -353.1%. Negative ROE indicates the company is unprofitable.

Energous Corporation (WATT) had negative free cash flow of $12.7M in fiscal year 2024, likely due to heavy capital investments.