Energous (NASDAQ:WATT) Issues Earnings Results

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

Energous Stock Down 1.1 %

Shares of WATT traded down $0.01 during trading hours on Thursday, reaching $0.54. 96,161 shares of the company traded hands, compared to its average volume of 101,530. Energous has a 12 month low of $0.50 and a 12 month high of $2.75. The company has a market capitalization of $3.64 million, a price-to-earnings ratio of -0.17 and a beta of 2.61. The company’s fifty day moving average price is $0.61 and its two-hundred day moving average price 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.