Energous (NASDAQ:WATT) Issues Earnings Results

Energous (NASDAQ:WATT) announced its quarterly earnings results on Thursday. The industrial products company reported ($0.33) EPS for the quarter, Zacks reports. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%. The company had revenue of $0.43 million for the quarter.

Energous Trading Down 2.9 %

NASDAQ:WATT opened at $0.36 on Friday. The firm has a market capitalization of $10.82 million, a PE ratio of -0.12 and a beta of 2.31. Energous has a 1 year low of $0.28 and a 1 year high of $2.70. The firm’s fifty day simple moving average is $0.57 and its 200 day simple moving average is $0.59.

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.