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

Energous (NASDAQ:WATT) issued 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. The company had revenue of $0.23 million for the quarter. Energous had a negative return on equity of 242.94% and a negative net margin of 4,368.98%.

Energous Stock Performance

Shares of WATT stock traded down $0.00 during midday trading on Thursday, reaching $0.54. 92,644 shares of the company were exchanged, compared to its average volume of 101,514. The company’s 50 day moving average price is $0.61 and its two-hundred day moving average price is $0.95. The company has a market cap of $3.68 million, a P/E ratio of -0.17 and a beta of 2.61. Energous has a 12 month low of $0.50 and a 12 month 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.