Energous (NASDAQ:WATT) Issues Quarterly Earnings Results

Energous (NASDAQ:WATT) released its quarterly earnings data on Tuesday. The industrial products company reported ($0.50) earnings per share for the quarter, topping 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 business had revenue of $0.23 million for the quarter.

Energous Stock Performance

Shares of NASDAQ WATT traded up $0.01 during trading on Thursday, hitting $0.55. The company had a trading volume of 95,241 shares, compared to its average volume of 101,526. The company has a market cap of $3.74 million, a P/E ratio of -0.17 and a beta of 2.61. The business’s 50-day moving average is $0.61 and its 200 day moving average is $0.95. Energous has a 52 week low of $0.50 and a 52 week high of $2.75.

Energous Company Profile

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.