Energous Corp

Listed Company

WATTCIK 0001575793NasdaqNon-AcceleratedSmaller ReportingRadio & Tv Broadcasting & Communications EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-9.60M

Total Assets

$16.74M

Equity

$12.50M

Shares Out

5.50M

Op. Cash Flow

$-12.40M

Business

Energous Corp develops a scalable wireless power network (WPN) technology that enables RF-based over-the-air charging for Internet of Things (IoT) devices. It offers transmitter and receiver semiconductor chipsets, antenna systems, software controls, PowerBridge transmitter systems, reference designs, evaluation kits, and licensing and manufacturing support. Its business is organized around transmitter and receiver product lines, IC development, transmitter system solutions and partner integrations, including licensing and outsourced manufacturing. Energous distributes through technology partners, systems integrators, value-added resellers and third-party device integrations across global markets with regulatory approvals in multiple countries.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	6	768,000	474,000	851,321	756,793
Cost of revenue	4	756,000	279,000	1	—
Gross profit	2	12,000	195,000	—	—
Research and development	4	8	11	12	21
Sales and marketing	2	3	4	5	9
General and administrative	4	6	7	8	9
Severance expense	403,000	1	359,000	798,391	4
Expenses from abandoned financing transaction	661,000	—	—	—	—
Total operating expenses	12	18	22	—	—
Loss from operations	−10	−18	−22	−27	−41
Change in fair value of warrant liability	257,000	262,000	3	—	—
Interest income, net	166,000	—	809,000	411,065	5,492
Loss on retirement of property and equipment	−1,000	—	—	—	—
Loss on extinguishment of short-term debt	—	−219,000	—	—	—
Discount fees from accounts receivable factoring agreements	—	−31,000	—	—	—
Total other income (expense), net	422,000	12,000	3	411,065	5,492
Net loss	−10	−18	−19	−26	−41
Basic loss per common share	−6.46	−77.16	−4.15	−6.78	−0.64
Diluted loss per common share	−6.46	−77.16	−4.15	−6.78	−0.64
Weighted average shares outstanding, basic	1	238,453	5	4	65
Weighted average shares outstanding, diluted	1	238,453	5	4	65

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	10	1	14	26	49
Accounts receivable, net	3	78,000	102,000	143,353	283,602
Inventory	2	498,000	430,000	105,821	—
Prepaid expenses and other current assets	422,000	983,000	539,000	827,551	874,886
Total current assets	15	3	15	27	50
Property and equipment, net	298,000	356,000	429,000	429,035	510,197
Other assets	252,000	—	—	—	11,991
Operating lease right-of-use assets	872,000	527,000	1	2	618,985
Total assets	17	4	17	30	51
Accounts payable	954,000	2	2	900,765	1
Accrued expenses	2	1	1	2	2
Accrued severance expense	0	28,000	134,000	416,516	975,439
Warrant liability	—	358,000	620,000	—	—
Operating lease liabilities, current portion	491,000	668,000	707,000	705,894	628,307
Short-term loan payable, net	88,000	818,000	—	—	—
Deferred revenue	27,000	13,000	27,000	29,727	13,364
Total current liabilities	4	5	5	4	4
Operating lease liabilities, long-term portion	589,000	—	557,000	1	40,413
Total liabilities	4	5	5	5	4
Commitments and contingencies (Note 8)	—	—	—	—	—
Common Stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2025 and 2024; 2,200,240 and 452,533 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	1,000	1,000	1,000	789	767
Additional paid-in capital	423	399	394	387	383
Accumulated deficit	−410	−400	−382	−363	−336
Total stockholders' equity (deficit)	12	−1	11	25	47
Total liabilities and stockholders' equity	17	4	17	30	51

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss	−10	−18	−19	−26	−41
Depreciation and amortization	139,000	196,000	187,000	246,156	258,249
Stock-based compensation	281,000	799,000	2	3	12
Common stock issued to consultants for services	—	95,000	—	—	—
Accrued interest	—	81,000	—	—	—
Amortization of short-term loan fees	39,000	13,000	—	—	—
Accounts receivable, net	−3	24,000	54,000	99,512	−218,602
Inventory	−1	−68,000	−491,000	−105,821	—
Prepaid expenses and other current assets	933,000	−42,000	288,000	47,335	−238,184
Other assets	−252,000	—	—	11,991	−10,381
"Operating lease right-of-use (""ROU"") assets"	576,000	657,000	720,000	730,452	674,306
Accounts payable	−898,000	−27,000	979,000	−305,192	109,118
Accrued expenses	1	−200,000	−536,000	267,097	−52,970
Accrued severance expense	−28,000	−106,000	−283,000	−558,923	975,439
Operating lease liabilities	−484,000	−540,000	—	—	—
Deferred revenue	14,000	−14,000	−3,000	16,363	1,364
Net cash used in operating activities	−12	−18	−19	−24	−29
Purchases of property and equipment	−82,000	−123,000	−187,000	−164,994	−365,735
Net cash used in investing activities	−82,000	−123,000	−187,000	−164,994	−365,735
Net borrowings from short-term loan	—	801,000	—	—	—
Repayments of short-term loan	−873,000	−269,000	—	—	—
Net proceeds from exercise of warrant liability	364,000	—	—	—	—
Repayments of financed insurance	−338,000	−348,000	—	—	—
Net proceeds from an ATM offering	18	3	4	744,787	27
Net proceeds from a sale of common stock and warrant issuance	4	2	3	—	—
Proceeds from contributions to the ESPP	—	6,000	73,000	272,833	384,126
Net cash provided by financing activities	22	5	7	1	27
Net increase (decrease) in cash, cash equivalents and restricted cash	9	−13	−12	−23	−2
Interest paid	277,000	140,000	—	—	—
Decrease in ROU assets and operating lease liabilities from lease amendment	—	51,000	—	—	—
Increase in ROU assets and operating lease liabilities from lease modification	896,000	5,000	—	2	—
Decrease in ROU assets from shares issued to landlord	25,000	—	—	—	—
Accrued interest in short-term loan payable	70,000	—	—	—	—
Reclassification of warrant liability to equity upon warrant exercise	101,000	—	—	—	—
Financing of insurance premiums	372,000	402,000	—	—	—

Filings

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