NASDAQ$WATT

Energous Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Energous reported increased revenue and advancements in wireless power network technology.

Energous Corporation reported a significant increase in revenue for the fourth quarter of 2021, driven by advancements in its RF-based charging for wireless power networks. The company secured key regulatory approvals and formed strategic partnerships, expanding its global ecosystem. While operating expenses remained high, cash reserves were maintained at a solid level.

  • Revenue increased significantly to $225,404 compared to Q4 2020.
  • The company secured regulatory approvals for its WattUp PowerBridge transmitter in Canada and Asia.
  • Energous' 10W WattUp PowerHub received FCC Part 18 grant for conducted wireless power transfer.
  • A net loss of $9.4 million, or $0.13 per basic and diluted share was reported.

Headline financials

Total Revenue

$225K

Previous: $90K+150.4%
EPS (adj)

-$2.60

Previous: -$3.00+13.3%
Capital Expenditures

$55K

No prior period
Free Cash Flow

-$6.28M

No prior period
Net Income

-$9.42M

No prior period
Operating Income

-$9.42M

No prior period
Gross Profit

$82.3K

No prior period
Cash & Equivalents

$49.1M

No prior period
Total Assets

$51.4M

No prior period
Stock-Based Comp

$3.34M

No prior period

Revenue & EPS history

Energous · Revenue · Quarterly

$225K

Q4 2021+150.4%vs Q4 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

Energous is focused on expanding the reach and ecosystem of its wireless power transfer technology. The company is well-positioned to support the rollout of wireless power networks that transform the way consumers and industries charge and power devices.

Tailwinds

  • Advancing RF-based charging for wireless power networks
  • Securing important regulatory approvals
  • Forming key partnerships
  • Expanding the reach and ecosystem of wireless power transfer technology
  • Supporting the rollout of wireless power networks

Headwinds

  • Uncertain timing of necessary regulatory approvals
  • Timing of customer product development and market success of customer products
  • Dependence on distribution partners
  • Intense industry competition
  • Potential need to secure additional governmental approvals

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 Q4 2021

Historical avgQ4 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

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