Energous Corp
F:116
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Energous Corp
Energous makes wireless power technology that lets small electronic devices charge without a cable or charging pad. Its systems use radio-frequency energy and supporting software and chips to send power to compatible devices such as sensors, tags, and other low-power electronics. The company is not a consumer brand; it sells the underlying technology that device makers build into their own products. Its main customers are original equipment manufacturers, industrial and retail technology companies, and other businesses that want to keep batteries topped up in places where plugging in is inconvenient. Energous earns money by selling components, software, development support, and in some cases rights to use its intellectual property. That makes it more of a technology supplier than a finished-product manufacturer. What sets the business apart is its role in the power chain: it tries to replace or reduce the need for cords, disposable batteries, and manual charging in connected devices. That puts it in the smaller but important market for wireless power inside sensors, asset trackers, and Internet of Things products, where convenience, maintenance savings, and device reliability matter more than consumer branding.
Energous makes wireless power technology that lets small electronic devices charge without a cable or charging pad. Its systems use radio-frequency energy and supporting software and chips to send power to compatible devices such as sensors, tags, and other low-power electronics. The company is not a consumer brand; it sells the underlying technology that device makers build into their own products.
Its main customers are original equipment manufacturers, industrial and retail technology companies, and other businesses that want to keep batteries topped up in places where plugging in is inconvenient. Energous earns money by selling components, software, development support, and in some cases rights to use its intellectual property. That makes it more of a technology supplier than a finished-product manufacturer.
What sets the business apart is its role in the power chain: it tries to replace or reduce the need for cords, disposable batteries, and manual charging in connected devices. That puts it in the smaller but important market for wireless power inside sensors, asset trackers, and Internet of Things products, where convenience, maintenance savings, and device reliability matter more than consumer branding.
Revenue growth: Energous reported $3.1 million of revenue in Q1 2026, its fifth straight quarter of growth, as the company said it is moving from technology validation into commercial production.
Margins improve: Gross margin rose to 36% from 27% a year ago, helped by higher transmitter volume, while operating expenses fell 21% year over year.
Commercial traction: Management highlighted 2 large Fortune 10 deployments, one already installed at over 1,500 U.S. locations and another expanding internationally with more than 14 completed non-U.S. installations.
Pipeline and AWS: The company said its AWS relationship is becoming a meaningful source of POCs, with AWS launches on the partner page rising from 5-plus to 50-plus, though management cautioned that this does not equal 50-plus customers.
Liquidity: Energous ended the quarter with about $37 million of cash after raising approximately $31.9 million in net proceeds through its ATM program, and said it does not plan additional ATM usage this year.