Apple and Energous: Wall Street buys the rumor

Investors are, once again, pouring money into over-the-air charging technology linked to Apple’s new iPhone.

From an Energous Corp. press release that moved on the business wires Wednesday:

SAN JOSE, CA–(Marketwired – May 10, 2017) – Energous Corporation (WATT), the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, today announced financial results for the first quarter ended March 31, 2017, and provided an update on its operational progress.

Recent Highlights

  • Energous expects the first orders for significant quantities of its chipsets from one or more customers [ex ped: i.e. Apple] before the end of the second quarter; shipped and in production in the third quarter; and available for purchase from the company’s customers toward the end of the third quarter/early fourth quarter.
  • Expanded the number of active customer engagements to 68, and doubled the size of the company’s customer-facing engineering organization to help accelerate the product integration cycle and support high demand.
  • In testing phase for regulatory certification of the first power-at-a-distance wire-free transmitter; anticipates formal certification well before the forecasted release of Energous’ Mid Field transmitter by the end of 2017.
  • Successfully completed key milestone projects with the company’s strategic partners.
  • Recognized $575,000 in engineering services revenue for the 2017 first quarter.

See also: A deep dive into over-the-air charging for the iPhone X

Note: This is not the first time investors have bet on Energous. See the 10-year fever chart:

Energous (WATT) fever chart


  1. Fred Stein said:

    Their Enterprise value is about $239M and they’re priced at 200 times sales (not earnings). If they have superb patent protection, why didn’t Apple just buy them a while ago?

    May 11, 2017
  2. Darren Grayson said:

    I see a 0% chance of Energous being incorporated in the iPhone. Energous has about two quarters of cash in the bank and has been raising cash in the the private market since last year. They are talking to banks all the time. If there was any expectation they were going to sell 100s of millions of chipsets any time soon, they would have financing (and analyst coverage) from any of the major banks. Yet the four analysts on the earnings call were from Roth Capital, National Securities, Disruptive Tech Research, and Longboard Capital. Nothing to see here.

    May 11, 2017

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