Revenue Update on Energous Corp(NASDAQ:WATT)

Energous Corp(NASDAQ:WATT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $181.82K. Analysts estimated a revenue of $310.00K. Earnings per share were $-0.62. Analysts had estimated an EPS of $-0.62.

Energous Corp (WATT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.08% or 0.15 points. Due to strong positive momentum, the stock ended at $14.07, which is also near the day’s high of $14.65. The stock began the session at $14.05 and the volume stood at 5,51,261 shares. The 52-week high of the shares is $15.71 and the 52 week low is $3.65. The company has a current market capitalization of $240 M and it has 1,70,43,703 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Gregory S Tamkin (10% owner) sold 25,000 shares at $10.57 per share price.Also, On Feb 19, 2016, John Gaulding (director) sold 10,977 shares at $5.68 per share price.On Nov 23, 2015, Stephen R Rizzone (CEO) purchased 22,000 shares at $6.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Energous Corporation is a development-stage company. The Company is developing technology that can enable wire-free charging for electronic devices that provides power at a distance with mobility under software control. The Company offers WattUp technology solution which consists of transmitter and receiver application specific integrated circuits and antenna designs driven through algorithms and software applications. The wire-free charging solution employs three dimensional (3D) pocketforming via a transmitter that creates a targeted radio frequency (RF) pocket in a room around a receiving device (which may be mobile or fixed). The Company’s technology can be utilized in a range of devices including smart phones tablets e-book readers wearables keyboards mice remote controls rechargeable lights cylindrical batteries.

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