NASDAQ$WATT

Energous Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Energous reported increased revenue and progress in regulatory approvals during Q3 2021.

Energous Corporation reported increased revenue in Q3 2021 compared to the same period last year and highlighted progress in regulatory approvals and partnerships.

  • Revenue increased to $250,000 in Q3 2021, up from $63,000 in Q3 2020.
  • Net loss for Q3 2021 was $11.7 million, compared to $8.9 million in Q3 2020.
  • Progress made on regulatory approvals in key markets.
  • Continued focus on strategic partnerships and technology development.

Headline financials

Total Revenue

$201K

Previous: $61.5K+227.4%
EPS (adj)

-$2.80

Previous: -$3.60+22.2%
Capital Expenditures

-$311K

Previous: -$7.3K-4155.2%
Free Cash Flow

-$12.8M

Previous: -$7.56M-68.9%
Net Income

-$12.5M

Previous: -$7.56M-64.9%
Operating Income

-$12.5M

Previous: -$7.56M-64.9%
Gross Profit

$74.8K

Previous: -$65K+215.0%
Cash & Equivalents

$24M

Previous: $17.3M+38.7%
Total Assets

$30.4M

No prior period
Stock-Based Comp

$2.22M

No prior period

Revenue & EPS history

Energous · Revenue · Quarterly

$201K

Q3 2021+227.4%vs Q3 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

Energous anticipates continued progress in regulatory approvals, partnerships, and technology development.

Tailwinds

  • Advancing regulatory approvals for its wireless power transfer technology.
  • Expanding strategic partnerships to broaden market reach.
  • Continuing to innovate and develop new wireless power solutions.
  • Focusing on key markets and applications for its technology.
  • Increasing adoption of wireless charging ecosystem.

Headwinds

  • Uncertainties regarding the timing and outcome of regulatory approvals.
  • Competition in the wireless power transfer market.
  • Potential delays in product development and commercialization.
  • Dependence on strategic partners for market access and distribution.
  • Risk of slower than expected market adoption of wireless power technology.

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 Q3 2021

Historical avgQ3 2021

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro