Company Quick10K Filing
Energous
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 31 $126
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-16 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-16 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-15 Annual: 2015-12-31
10-Q 2015-11-12 Quarter: 2015-09-30
10-Q 2015-08-13 Quarter: 2015-06-30
10-Q 2015-05-13 Quarter: 2015-03-31
10-K 2015-03-30 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-13 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-10-11 Enter Agreement, Earnings, Regulation FD, Exhibits
8-K 2019-08-28 Officers
8-K 2019-08-15 Officers
8-K 2019-08-08 Earnings, Exhibits
8-K 2019-05-15 Shareholder Vote
8-K 2019-04-30 Earnings, Exhibits
8-K 2019-03-28 Officers
8-K 2019-03-28 Officers
8-K 2019-02-27 Enter Agreement, Other Events, Exhibits
8-K 2019-02-27 Earnings, Exhibits
8-K 2018-10-30 Earnings, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-05-16 Officers, Shareholder Vote, Exhibits
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-03-21 Officers
8-K 2018-02-15 Earnings, Exhibits
8-K 2018-01-11 Enter Agreement, Earnings, Exhibits
8-K 2018-01-10 Officers, Exhibits

Energous Financials

WATT Metrics, Comps, Filings

Annual | Quarterly

Business

We have developed our WattUp® wireless power technology, consisting of proprietary semiconductor chipsets, software controls, hardware designs and antennas, that enables radio frequency ("RF") based charging for electronic devices. The WattUp technology has a broad spectrum of capabilities, including contact-based wireless charging and wireless charging at various distances, and in some use cases mobility charging. In November 2016 we entered into a Strategic Alliance Agreement with Dialog Semiconductor plc ("Dialog"), an industry leader in Bluetooth low energy semiconductors and power management semiconductors. In conjunction with the Strategic Alliance Agreement, Dialog manufactures and is the exclusive distributor of integrated circuit ("IC") products of our design and provides sales and logistic support on a global basis. We believe our proprietary WattUp technology can be utilized in consumer electronics such as wearables, hearing aids, earbuds, Bluetooth headsets, Internet of Things ("IoT") devices, smartphones, tablets, smartwatches, fitness bands, keyboards, mice, remote controls, rechargeable lights, batteries, medical devices, and other devices with charging requirements that would otherwise require battery replacement or an external power connection.

We believe our technology is innovative in its approach, in that we are developing solutions that charge electronic devices by surrounding them with a focused RF energy pocket. We are engineering solutions that we expect to enable the wire-free transmission of energy, initially for contact-based charging applications, and potentially for non-contact charging at distances up to approximately three feet, and even low-power charging at up to 15 feet. For non-contact applications, our transmitter technology is able to mesh into a wire-free charging network that will allow users to charge their devices as they move about some space. To date, we have developed multiple transmitter prototypes and multiple receiver prototypes. The transmitters vary in terms of their form factor, power specification, and frequency. The receivers can be used in a variety of applications, such as smartphone battery cases, toys, fitness trackers, Bluetooth headsets, tracking devices, and stand-alone receivers. We are engaged in pre-

production and initial production activity with several consumer electronic, medical device and industrial companies to introduce our contact-based near field transmitters and receivers in products going to market in 2019. We are also in discussion with potential customers in the consumer and industrial spaces that are considering our solutions for low power distance charging for products that could enter the market in 2019.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Gilat Satellite Networks (GILT) 479,473 0% 394,747 155,675 0 0 0 0 383,367
Maxar Technologies (MAXR) 442,828 0% -5.0 -17% 5,083,000 4,352,000 1,490,000 0 -863,000 -701,000 3,517,828
Calamp (CAMP) 346,247 40% 11.9 -1% 659,442 466,146 355,181 142,933 -5,321 38,039 452,660
Ceragon Networks (CRNT) 289,247 0% 283,000 123,432 0 0 0 0 253,666
KVH Industries (KVHI) 186,315 23% 3.4 17% 220,896 66,900 122,724 28,141 38,001 50,374 173,009
Airgain (AIRG) 144,523 44% 32.0 5% 55,802 8,182 61,918 27,186 2,710 4,086 130,882
PC Tel (PCTI) 139,975 42% 109.5 -12% 84,153 14,024 83,755 34,770 -10,181 943 103,215
Energous (WATT) 125,781 0% -2.1 -149% 30,781 3,566 398 0 -45,922 -44,965 96,572
Vuzix (VUZI) 117,870 15% -5.8 -95% 23,006 3,215 7,462 1,113 -21,777 -19,706 114,510
SeaChange (SEAC) 106,711 57% -3.2 -49% 70,192 23,777 62,863 35,934 -34,474 -30,253 97,509
Pointer Telocation (PNTR) 97,205 0% 90,084 23,948 0 0 0 0 93,694
Aviat Networks (AVNW) 79,214 33% 10.3 5% 169,193 97,677 243,858 79,270 8,178 4,560 47,013
BK Technologies (BKTI) 52,237 39% -43.3 -6% 40,383 15,151 44,916 17,393 -2,263 -1,035 44,822
Digital Ally (DGLY) 16,506 33% -1.3 -123% 11,050 13,181 10,354 3,366 -13,586 -12,065 16,174
Blonder Tongue (BDR) 9,045 34% 2.6 19% 18,786 6,666 20,586 7,101 3,493 3,416 8,882
Technical Communications (TCCO) 7,346 19% -3.8 -85% 2,058 883 4,370 816 -1,758 -1,727 6,581
Superconductor Technologies (SCON) 4,622 0% -0.3 -202% 4,624 1,337 517 0 -9,357 -8,413 2,154
Ubiquiti (UI)
Sierra Wireless (SWIR)
Ericsson Lm Telephone (ERIC) 0% 268,761,000 0 0 0 0 -35,900,000

Balance Sheet ($'000)2014-09-302014-12-312015-12-312016-12-312017-12-312018-12-31
Cash18,42031,49529,87331,25912,79520,106
Accounts Receivable15045
Inventory
PP&E1,2991,5151,7302,2091,4141,219
Assets20,40833,82932,67635,25915,40522,010
Accounts Payable1,4891,7162,3254,7082,0251,861
Long-Term Debt
Liabilities1,9452,5083,4016,7083,6473,640
Stockholders' Equity18,46231,32129,27528,55111,75918,370
Income Statement ($'000)2014-09-302014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2,5001,4521,154515
Cost of Revenue
Gross Profit
R&D12,51218,82532,83333,23132,872
SG&A7,86311,25214,45017,31118,573
Tax
Net Income-45,603-27,562-45,817-49,377-50,840
Cash Flow ($'000)2014-09-302014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-15,606-20,006-33,062-34,430-32,527
Cash Investing-1,620-1,033-1,137-815-860
Cash Financing46,76719,41735,58616,78240,698