Benzinga | Nov 9, 2020 05:04PM EST

Recap: Energous Q3 Earnings

Shares of Energous (NASDAQ:WATT) fell 1.71% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 33.33% over the past year to ($0.18), which missed the estimate of ($0.15).

Revenue of $61,500 rose by 51.85% year over year, which missed the estimate of $190,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 09, 2020

Time: 04:30 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/watt/mediaframe/41617/indexr.html

Technicals

52-week high: $4.58

52-week low: $0.61

Price action over last quarter: down 27.24%

Company Description

Energous Corp is a development stage technology company. It is developing a technology named WattUp, which will enable RF (radio frequency) based wire free charging for electronic devices. The firm believes that its technology will be utilized in the internet of things devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and other devices with similar charging requirements. Its business strategy is to become a supplier and licensor of its technology to companies who design, manufacture and market devices to consumers, military, industrial and other users.