Energous Corporation (WATT): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how devices could charge without being plugged in? Energous Corporation (WATT) is pioneering wireless charging solutions, but how exactly does it work and make money? With a market capitalization of $8.64 million and $768K in revenue for 2024, Energous is making waves with its over-the-air Wireless Power Network (WPN) technology, securing contracts with major retailers and winning the 'IoT Connected Retail Innovation of the Year' award. Keep reading to discover the history, ownership, mission, and financial strategies of this innovative company.

Energous Corporation (WATT) History

Energous Corporation Founding Timeline

Year established

The company was established in 2012.

Original location

The company was originally located in San Jose, California.

Founding team members

The founding team included:

• Michael Leabman, the founder and CEO

Initial capital/funding

In 2014, the company raised $11.7 million in Series A funding. Additional funding rounds followed to support the development and commercialization of their technology.

Energous Corporation Evolution Milestones

Energous Corporation Transformative Moments

• Strategic Shift to Medical and Industrial Applications: Recognizing the stringent requirements and high-value opportunities in the medical and industrial sectors, the company strategically focused its technology and product development efforts on these areas. This pivot allowed them to address specific needs such as wireless charging for medical implants and industrial sensors, which require reliable and safe power delivery.
• Partnership and Integration Strategies: A transformative moment for the company involved actively pursuing partnerships and technology integrations with key players in the semiconductor and electronics industries. These collaborations were crucial in embedding their wireless charging capabilities into a broader range of devices and applications, enhancing the accessibility and adoption of their technology.
• Focus on Regulatory Approvals: Obtaining regulatory approvals, particularly from the FCC and other international bodies, has been a critical focus. These approvals validate the safety and efficacy of the technology, paving the way for commercial deployment and market acceptance. Achieving these milestones has significantly influenced the company's credibility and market opportunities.

To gain more insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of Energous Corporation (WATT).

Energous Corporation (WATT) Ownership Structure

The ownership structure of Energous Corp. reflects a mix of institutional, retail, and insider holdings, typical for a publicly traded company. Understanding this structure provides insights into the potential influences on company strategy and decision-making. For further insights into the financial health of the company, see: Breaking Down Energous Corporation (WATT) Financial Health: Key Insights for Investors

Energous Corporation's Current Status

Energous Corporation is a publicly traded company, listed on the Nasdaq Stock Market under the ticker symbol WATT. This means that its shares are available for purchase by the general public, and the company is subject to the regulations and reporting requirements of the U.S. Securities and Exchange Commission (SEC).

Energous Corporation's Ownership Breakdown

As of the fiscal year 2024, the ownership of Energous Corporation is distributed among various types of shareholders. The following table summarizes the approximate ownership percentages:

Energous Corporation's Leadership

The leadership team is responsible for the strategic direction and operational management of Energous. As of April 2025, key members of the leadership team include:

• Cesar Johnston: Chief Executive Officer
• Greg Sizemore: Chief Technology Officer
• Bill Mannina: Chief Financial Officer

Energous Corporation (WATT) Mission and Values

Energous Corporation strives to revolutionize wireless charging through its innovative WattUp technology, aiming to provide convenient and efficient power solutions while adhering to high standards of environmental responsibility and ethical conduct.

Energous Corporation's Core Purpose

Official mission statement

Energous Corporation does not have a single, universally publicized official mission statement. However, their core purpose can be inferred from their activities and statements as:

• To enable wireless charging 2.0, charging devices at a distance, and to free consumers from the constraints of wires and charging pads.
• To create more efficient and convenient wireless power networks for a wide range of applications, from small IoT devices to larger consumer electronics.

For more in-depth information, you can check: Mission Statement, Vision, & Core Values of Energous Corporation (WATT).

Vision statement

Energous Corporation envisions a future where power is as ubiquitous and accessible as Wi-Fi, transforming how people and devices connect and interact.

• To lead the next generation of wireless charging by creating innovative, safe, and efficient solutions.
• To integrate wireless power seamlessly into various aspects of daily life, enhancing user experience and device functionality.
• To foster a world where devices can be charged remotely, reducing the need for traditional charging methods and promoting greater mobility.

Company slogan/tagline

Energous Corporation uses several slogans and taglines to represent their vision:

• 'Power at a Distance.'
• 'Wireless Charging 2.0.'

Energous Corporation (WATT) How It Works

Energous Corporation is a company focused on developing and commercializing wireless power transfer technology, allowing devices to be charged at a distance.

Energous Corporation's Product/Service Portfolio

Energous Corporation's Operational Framework

Energous operates through the following key processes:

• Technology Development: Energous focuses on the creation and refinement of wireless power transfer technologies, primarily WattUp. This involves ongoing research and development to improve efficiency, range, and safety.
• Licensing and Partnerships: A significant part of Energous's business model involves licensing its technology to other companies. These partners integrate WattUp into their products, expanding the reach of Energous's technology.
• Regulatory Compliance: Energous ensures its products meet regulatory standards for safety and efficiency in various markets, including certifications from the FCC and other international bodies.
• Manufacturing Support: While Energous doesn't typically manufacture end products, it supports its partners in integrating WattUp technology into their manufacturing processes.
• Sales and Marketing: Energous promotes its WattUp technology to potential licensees and end-users, highlighting its benefits and applications across various industries.

To learn more, check this out: Exploring Energous Corporation (WATT) Investor Profile: Who’s Buying and Why?

Energous Corporation's Strategic Advantages

Energous possesses several strategic advantages in the wireless charging market:

• Patented Technology: Energous holds numerous patents related to wireless power transfer, providing a competitive edge and protecting its innovations.
• Regulatory Approvals: The company has secured key regulatory approvals, such as FCC certification, which validates the safety and compliance of its WattUp technology.
• Scalable Solutions: WattUp technology can be adapted for various applications, from small wearables to larger devices and infrastructure, offering flexibility and market reach.
• Strategic Partnerships: Collaborations with key industry players enhance market penetration and technology adoption.
• First-Mover Advantage: As one of the early entrants in the wireless charging at-a-distance market, Energous has established a strong brand presence and technological expertise.

Energous Corporation (WATT) How It Makes Money

Energous Corporation primarily generates revenue through the development and licensing of its WattUp wireless charging technology.

Energous Corporation's Revenue Breakdown

Energous derives its revenue from two primary streams: royalty and license fees, and product sales. Royalty and license fees are generated when companies integrate Energous’ WattUp technology into their products. Product sales include the sale of their own branded products, such as the WattUp PowerBridge.

Energous Corporation's Business Economics

Energous operates in the wireless charging market, which is characterized by rapid technological advancements and increasing demand for convenient charging solutions. The company's business economics are influenced by several factors:

• Technology Licensing: A significant portion of Energous' revenue comes from licensing its WattUp technology. This model allows the company to scale its reach without the heavy capital investment typically associated with manufacturing.
• Strategic Partnerships: Collaborations with key industry players can drive adoption of WattUp technology and expand market presence.
• Regulatory Approvals: Regulatory approvals from bodies like the FCC are crucial for commercializing products and expanding into new markets.
• Patents: Energous relies heavily on its patent portfolio to protect its technology and maintain a competitive advantage.

For more detailed insights into the company's financials, you can explore this analysis: Breaking Down Energous Corporation (WATT) Financial Health: Key Insights for Investors

Energous Corporation's Financial Performance

Analyzing Energous Corporation's financial performance involves looking at several key metrics:

• Revenue Growth: Monitoring the growth in both royalty/licensing fees and product sales provides insights into market adoption and the effectiveness of their commercialization strategies.
• Gross Margin: The gross margin indicates the profitability of Energous' products and licensing agreements.
• Operating Expenses: Understanding how Energous manages its operating expenses, including R&D and SG&A, is crucial for assessing its efficiency.
• Cash Flow: Analyzing cash flow from operations, investing, and financing activities helps determine the company's financial stability and ability to fund future growth.

Energous is focused on expanding its technology into various applications such as medical devices, consumer electronics, and industrial products, which could drive future revenue growth. The company's ability to secure additional partnerships and regulatory approvals will be critical for its long-term financial success.

Energous Corporation (WATT) Market Position & Future Outlook

Energous Corporation is strategically positioned to capitalize on the growing demand for wireless charging solutions, although it faces competition and technological hurdles. The company's future hinges on successful commercialization and adoption of its WattUp technology.

Competitive Landscape

Opportunities & Challenges

Industry Position

Energous is a key innovator in the wireless charging space, particularly known for its over-the-air charging technology. Here are some points:

• Focus on long-range, over-the-air wireless charging differentiates it from companies primarily focused on contact-based charging solutions like Qi.
• The company targets a wide array of industries, including:
  • Consumer electronics
  • IoT devices
  • Medical devices
  • Retail
• Success depends on scaling production, securing key partnerships, and navigating regulatory approvals.

For more in-depth insights into investor behavior and market dynamics, check out: Exploring Energous Corporation (WATT) Investor Profile: Who’s Buying and Why?