Energous (NASDAQ:WATT) Releases Earnings Results, Beats Estimates By $0.24 EPS

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

Energous Stock Performance

NASDAQ WATT traded down $0.01 on Thursday, hitting $0.54. The stock had a trading volume of 96,161 shares, compared to its average volume of 101,530. The firm has a 50-day moving average of $0.61 and a 200-day moving average of $0.95. The company has a market capitalization of $3.64 million, a price-to-earnings ratio of -0.17 and a beta of 2.61. Energous has a 52-week low of $0.50 and a 52-week high of $2.75.

About Energous

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.