NASDAQ$WATT

Energous Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Energous reported increased revenue compared to the previous year and secured regulatory approvals in China and Canada.

Energous Corporation reported first-quarter revenue of $216,000, a significant increase from $145,000 in the first quarter of 2021. The company's net loss was $(7.2) million, or $(0.09) per share, and net non-GAAP loss was $(6.3) million. They ended the quarter with $42.8 million in cash and cash equivalents.

  • Revenue increased significantly to $216,000 compared to $145,000 in Q1 2021.
  • Net loss was $(7.2) million, or $(0.09) per share.
  • Net non-GAAP loss was $(6.3) million.
  • Cash and cash equivalents totaled $42.8 million at the end of the quarter.

Headline financials

Total Revenue

$216K

Previous: $145K+48.9%
EPS (adj)

-$1.80

Previous: -$2.80+35.7%
Capital Expenditures

-$44.5K

Previous: -$112K+60.2%
Free Cash Flow

-$7.2M

Previous: -$8.64M+16.7%
Net Income

-$7.15M

Previous: -$8.53M+16.1%
Operating Income

-$7.16M

Previous: -$8.53M+16.1%
Gross Profit

$12.7K

Previous: $106K-88.0%
Cash & Equivalents

$42.8M

Previous: $44.8M-4.4%
Total Assets

$44.4M

Previous: $47.2M-5.9%
Stock-Based Comp

$797K

No prior period

Revenue & EPS history

Energous · Revenue · Quarterly

$216K

Q1 2022+48.9%vs Q1 2021
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

Company is pleased to report that in the 2022 first quarter, they fulfilled additional orders of WattUp PowerBridges and established new partner relationships with Atmosic Technologies, WiGL and Syntiant.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.3%

Avg return

Earnings day

-4.0%

Avg return

5 days after

-10.2%

Avg return

30 days after

34%

17 / 50 earnings

Positive

+17.9%

Q3 2016

Best reaction

-29.4%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+2.9%+0.0%
Q1 2026-7.1%-3.9%-10.0%
Q3 2025+2.4%-7.7%-25.0%
Q2 2025+1.2%-5.3%-20.6%
Q1 2025-7.7%-8.2%-7.9%
Q4 2024-2.9%-11.1%-23.6%
Q3 2024-0.7%-4.8%-42.9%
Q2 2024-9.4%-9.8%-12.0%
Q1 2024+6.0%+3.3%-20.5%
Q4 2023-6.7%-5.1%-30.3%
Q3 2023-28.8%-31.5%-21.7%
Q2 2023-3.9%-26.0%-64.7%
Q1 2023-8.7%-20.1%-18.0%
Q4 2022-15.3%-19.9%-24.8%
Q3 2022-6.0%-9.5%-11.2%
Q2 2022+4.6%+11.5%+6.9%
Q1 2022-1.5%+4.7%+27.1%
Q4 2021+10.4%+4.7%+14.2%
Q3 2021-3.5%-6.5%-29.0%
Q2 2021+11.0%+9.7%+5.3%
Q1 2021-14.1%-2.3%+14.1%
Q4 2020-12.8%-7.0%-21.4%
Q3 2020-0.5%-5.1%-17.7%
Q2 2020+0.6%+2.8%-2.8%
Q1 2020-16.2%-13.7%-2.5%
Q4 2019-7.3%-13.6%-50.2%
Q3 2019-16.8%-16.8%-30.1%
Q2 2019-0.8%+2.4%-5.8%
Q1 2019-4.0%+2.8%-12.3%
Q4 2018-29.4%-20.7%-22.3%
Q3 2018-5.2%+1.7%-4.2%
Q2 2018-10.2%+4.1%-6.6%
Q1 2018+1.0%+2.8%+2.6%
Q4 2017-1.0%-1.2%-0.5%
Q3 2017+14.6%+19.1%+12.7%
Q2 2017-4.7%-13.2%-12.2%
Q1 2017+14.7%+16.9%+23.8%
Q4 2016-2.9%+2.1%-4.5%
Q3 2016+17.9%+8.9%+32.7%
Q2 2016+0.5%+5.1%+17.9%
Q1 2016-9.7%
Q4 2015-3.1%
Q3 2015-15.6%
Q2 2015+0.9%
Q1 2015-5.1%
Q4 2014+3.6%
Q3 2014+1.8%
Q2 2013+6.1%
Q2 2014-0.2%
Q1 2014-3.0%
Q3 2013
Q1 2013

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