Energous (NASDAQ:WATT) Announces Quarterly Earnings Results

Energous (NASDAQ:WATT) issued its earnings results on Tuesday. The industrial products company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.24, Zacks reports. The company had revenue of $0.23 million for the quarter. Energous had a negative return on equity of 242.94% and a negative net margin of 4,368.98%.

Energous Stock Performance

Shares of Energous stock traded up $0.01 during midday trading on Thursday, reaching $0.55. 95,241 shares of the company’s stock traded hands, compared to its average volume of 101,526. The company has a market cap of $3.74 million, a price-to-earnings ratio of -0.17 and a beta of 2.61. Energous has a 52 week low of $0.50 and a 52 week high of $2.75. The company’s 50 day simple moving average is $0.61 and its 200 day simple moving average is $0.95.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.