Energous Corp: directors' dealings · United States · SEC (Form 4)

About Energous Corp

Energous Corp. (NASDAQ: WATT) is a U.S.-listed technology company, traded on the NASDAQ market in the United States, focused on over-the-air wireless power and intelligent IoT sensing solutions. The company is headquartered in San Jose, California. For French-, Belgian- and Swiss-based investors, Energous fits the profile of a small-cap growth story with a high degree of innovation exposure, meaningful execution risk, and continued reliance on commercialization milestones and capital market access. Founded in 2012, Energous originally built its identity around RF-based wireless charging and has since evolved toward broader over-the-air (OTA) wireless power network solutions. In its 2025 annual report, the company states that it has developed a scalable wireless power network architecture integrating semiconductor chipsets, software controls, hardware designs, and antenna systems. It also highlights a patent portfolio of more than 300 patents, which gives it some intellectual-property protection in a niche but potentially attractive market. The company’s competitive position is therefore not based on scale, but on specialization: it aims to enable battery-free ambient IoT devices and to deliver power and data for use cases such as retail sensors, electronic shelf labels, asset tracking, air-quality monitoring, motion detection, cold-chain logistics, medical IoT and industrial monitoring. Energous’ core product set includes transmitter systems, transmitter ICs and modules, receiver ICs, evaluation kits, and related cloud/software tools. The company says it has commercialized multiple transmitter and battery-free receiver products, and in 2025 introduced the e-Sense battery-free tag and the e-Compass cloud platform, which together form an end-to-end wireless-power-enabled IoT monitoring and management solution. Its PowerBridge PRO transmitter platform has also been positioned as a commercial offering for enterprise deployments and proof-of-concept programs. Geographically, the company remains primarily U.S.-centered, although management describes a growing pipeline spanning multiple industries and geographies. That suggests international commercial potential, but current traction is still driven mainly by enterprise customers, distribution relationships, and pilot deployments. Competitively, Energous operates in a market shaped by wireless power technologies, battery-dependent IoT devices, and energy-harvesting alternatives. Its challenge is to prove that wireless power can deliver a compelling total-cost, reliability, and automation advantage at scale. Recent developments show clear operational momentum. In August 2025, Energous implemented a 1-for-30 reverse stock split to help maintain Nasdaq Capital Market listing compliance. More importantly, the company reported full-year 2025 revenue of about $5.6 million, up sharply from 2024, and then reported first-quarter 2026 revenue of about $3.1 million, its fifth consecutive quarter of revenue growth. Management has also said that deployments are expanding with two Fortune 10 customers and that its proof-of-concept pipeline is growing across multiple industries and regions. Taken together, these updates indicate that Energous is moving from technology validation toward a more visible commercial phase, although the company still remains early in its scaling journey.