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

Energous (NASDAQ:WATT) announced its earnings results on Tuesday. The industrial products company reported ($0.50) earnings per share 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 firm had revenue of $0.23 million for the quarter.

Energous Trading Down 2.9 %

Energous stock traded down $0.02 during trading hours on Thursday, hitting $0.53. 137,986 shares of the stock traded hands, compared to its average volume of 101,719. Energous has a one year low of $0.50 and a one year high of $2.75. The firm’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 $3.57 million, a PE ratio of -0.17 and a beta of 2.61.

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.