Energous Corporation (WATT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama en rápida evolución de la tecnología de energía inalámbrica, Energous Corporation (Watt) surge como un innovador innovador, desafiando los paradigmas de carga tradicionales con sus revolucionarias soluciones de transmisión de energía inalámbrica. Al reinventar cómo los dispositivos reciben energía, eliminando los cables, la expansión de los rangos de transmisión y la creación de ecosistemas de carga sin problemas, Watt está listo para transformar múltiples industrias, desde la electrónica de consumo hasta los sectores automotrices e IoT. Su lienzo de modelo de negocio único revela un enfoque estratégico que combina la innovación tecnológica de vanguardia, la gestión robusta de la propiedad intelectual y las asociaciones visionarias diseñadas para interrumpir los mecanismos convencionales de entrega de energía.

Energous Corporation (Watt) - Modelo de negocios: asociaciones clave

Fabricantes de semiconductores para tecnología de carga inalámbrica

Energous ha establecido asociaciones con fabricantes de semiconductores para desarrollar tecnología de carga inalámbrica. A partir de 2024, los detalles específicos del socio incluyen:

Pareja	Enfoque tecnológico	Estado de colaboración
Diálogo semiconductor	Transferencia de potencia inalámbrica basada en RF	Asociación activa
Qualcomm	Integración de carga inalámbrica	Colaboración de licencias de tecnología

Socios de licencia de tecnología en Electrónica de consumo

Enerous ha desarrollado acuerdos de licencia con socios clave de consumo electrónica:

• Apple Inc. - Exploración de tecnología de carga inalámbrica potencial
• Samsung Electronics - Evaluación de tecnología de transferencia de potencia inalámbrica
• Xiaomi Corporation - Evaluación de tecnología de carga inalámbrica

Instituciones de investigación que desarrollan soluciones de transferencia de potencia inalámbrica

Las asociaciones de investigación colaborativa incluyen:

Institución	Enfoque de investigación	Detalles de colaboración
Universidad de Stanford	Transferencia de potencia inalámbrica de largo alcance	Asociación de investigación en curso
MIT	Transmisión de energía basada en RF	Colaboración de desarrollo tecnológico

Alianzas estratégicas con fabricantes de dispositivos inalámbricos

Energous tiene asociaciones estratégicas con fabricantes de dispositivos inalámbricos:

• Zagg Inc. - Desarrollo de accesorios de carga inalámbrica
• Anker Innovations - Integración de tecnología de transferencia de potencia inalámbrica

Posibles asociaciones OEM en los sectores automotrices y de IoT

Asociaciones emergentes en sectores automotriz e IoT:

Sector	Socios potenciales	Aplicación tecnológica
Automotor	Tesla	Infraestructura de carga inalámbrica
IoT	Sistemas de Cisco	Soluciones de potencia inalámbrica de largo alcance

Energous Corporation (Watt) - Modelo de negocio: actividades clave

Investigación y desarrollo de tecnología de transmisión de potencia inalámbrica

Inversión de I + D para el año fiscal 2023: $ 12.4 millones

Personal total de I + D	23 ingenieros
Solicitudes de patente presentadas	7 en 2023
Áreas de enfoque tecnológico	Carga inalámbrica basada en RF

Creación de patentes y gestión de propiedad intelectual

Patentes activas totales a partir del cuarto trimestre 2023: 89

• Patentes de tecnología de transferencia de potencia inalámbrica
• Patentes de método de carga basado en RF
• Mecanismo de carga basado en la distancia Patentes

Diseño e ingeniería de tecnología de carga inalámbrica

Tamaño del equipo de ingeniería	37 profesionales
Ciclos de desarrollo de productos	3-4 por año
Plataforma de tecnología primaria	Wattup Cargo inalámbrico

Procesos de cumplimiento y certificación regulatoria

Presupuesto de cumplimiento 2023: $ 2.1 millones

• Procesos de certificación de la FCC
• Cumplimiento de Normas Internacionales de Telecomunicaciones
• Marcado de CE para el mercado europeo

Marketing y promoción de soluciones de carga inalámbrica

Gasto de marketing 2023	$ 3.7 millones
Canales de comercialización	Ferias comerciales, marketing digital, conferencias tecnológicas
Industrias objetivo	Consumer Electronics, IoT, automotriz

Energous Corporation (Watt) - Modelo de negocio: recursos clave

Tecnología patentada de transferencia de potencia inalámbrica (WPT)

La plataforma de tecnología Core de Energous Corporation es la tecnología de transferencia de potencia inalámbrica Wattup®. A partir de 2024, la compañía posee 24 patentes emitidas directamente relacionado con tecnologías de carga inalámbrica.

Especificación tecnológica	Métricas de rendimiento actuales
Distancia de carga	Hasta 15 pies
Potencia de salida	1W a 5W
Rango de frecuencia	915 MHz y 2.4 GHz

Talento avanzado de ingeniería e investigación

Energous mantiene una fuerza laboral técnica especializada centrada en la innovación de energía inalámbrica.

• Personal total de I + D: 37 empleados
• Ingenieros de doctorado: 12
• Experiencia promedio de ingeniería: 8.5 años

Cartera de patentes extensa

A partir del cuarto trimestre de 2023, la propiedad intelectual de Energous Corporation incluye:

Categoría de patente	Número de patentes
Emitió patentes	24
Aplicaciones de patentes pendientes	18
Presentaciones de patentes internacionales	12

Infraestructura técnica

Enerous opera instalaciones de investigación en San José, California, con equipos especializados para el desarrollo de tecnología de energía inalámbrica.

• Tamaño de la instalación de investigación: 12,500 pies cuadrados
• Laboratorios de pruebas avanzadas: 3
• Equipo de medición especializado: 15 unidades

Propiedad intelectual especializada

La experiencia técnica de la compañía se concentra en el diseño de semiconductores de carga inalámbrica y las tecnologías de transmisión de potencia de RF.

Área de enfoque IP	Especialización técnica
Diseño de semiconductores	Circuitos de gestión de energía de RF
Transferencia de potencia	Transmisión de campo cercano y de campo lejano
Optimización de eficiencia	Algoritmos de conversión de potencia

Energous Corporation (Watt) - Modelo de negocio: propuestas de valor

Tecnología innovadora de carga inalámbrica

Energous Corporation ofrece tecnología de carga inalámbrica Wattup con las siguientes especificaciones clave:

Parámetro tecnológico	Especificación
Distancia de carga inalámbrica	Hasta 15 pies
Rango de transmisión de energía	1-5 vatios
Banda de frecuencia	915 MHz y 2.4 GHz
Compatibilidad del dispositivo	Múltiples dispositivos simultáneos

Transmisión de potencia inalámbrica de largo alcance

La tecnología Wattup habilita:

• Transmisión de energía inalámbrica basada en RF
• No se requiere contacto físico para cargar
• Capacidades de carga de múltiples dispositivos

Soluciones de carga de eficiencia energética

Métrica de eficiencia	Actuación
Eficiencia de transferencia de energía	70-75%
Consumo de energía	Menos de 1 vatio en espera
Velocidad de carga	Comparable a la carga cableada

Dependencia de la infraestructura de carga reducida

La tecnología de carga inalámbrica elimina las limitaciones de carga tradicionales:

• No se requiere gestión de cables
• Colocación de dispositivos flexibles
• Desechos electrónicos reducidos de cables de carga

Aplicaciones de potencial de mercado y dispositivos

Categoría de dispositivo	Penetración potencial del mercado
Electrónica de consumo	Teléfonos inteligentes, tabletas
Dispositivos IoT	Sensores de casas inteligentes
Tecnología portátil	Rastreadores de fitness, relojes inteligentes
Aplicaciones industriales	Equipo de monitoreo remoto

Energous Corporation (Watt) - Modelo de negocios: relaciones con los clientes

Modelo de participación de licencias de tecnología

A partir del cuarto trimestre de 2023, Energous Corporation informó 12 acuerdos de licencia de tecnología activa con posibles socios de tecnología de carga inalámbrica.

Categoría de licencias	Número de acuerdos	Rango de ingresos estimado
Electrónica de consumo	5	$250,000 - $500,000
Aplicaciones industriales	3	$150,000 - $350,000
Dispositivos médicos	2	$100,000 - $250,000
Automotor	2	$200,000 - $450,000

Soporte técnico directo para los socios de implementación

Energous proporciona canales de soporte técnico dedicados para socios de implementación.

• Línea directa de soporte técnico 24/7
• Equipo de consulta de ingeniería dedicado
• Base de conocimiento en línea con más de 250 recursos de documentación técnica
• Reuniones trimestrales de revisión técnica

Colaboración continua de desarrollo de productos

En 2023, Energous invirtió $ 3.2 millones en esfuerzos de investigación y desarrollo colaborativo con socios tecnológicos.

Área de enfoque de colaboración	Número de proyectos activos	Asignación de inversión
Transferencia de potencia inalámbrica	6	$ 1.5 millones
Tecnología de carga de RF	4	$ 1.1 millones
Soluciones de integración	3	$600,000

Servicios de consulta técnica

Enerous ofrece servicios de consulta técnica especializada con la siguiente estructura:

• Nivel 1 Consulta básica: $ 2,500 por compromiso
• Consulta avanzada de nivel 2: $ 5,000 por compromiso
• Consulta empresarial personalizada: $ 10,000 - $ 50,000

Programas de demostración de educación y educación sobre el cliente

En 2023, Energous realizó 18 eventos de demostración tecnológica en América del Norte y Asia.

Tipo de evento	Número de eventos	Participantes totales
Conferencias de la industria	8	1.200 participantes
Serie de seminarios web	6	3,500 asistentes en línea
Talleres de socios directos	4	250 participantes directos

Energous Corporation (Watt) - Modelo de negocios: canales

Equipo de ventas directo dirigido a socios de tecnología

A partir del cuarto trimestre de 2023, Energous Corporation mantiene un equipo de ventas directo de 7 profesionales de ventas técnicas centradas en asociaciones de tecnología de carga inalámbrica.

Métrica del equipo de ventas	2023 datos
Representantes de ventas totales	7
Negociaciones de asociación promedio por trimestre	12-15
Industrias objetivo	Consumer Electronics, IoT, automotriz

Conferencias tecnológicas y exhibiciones de la industria

Energous participa en conferencias de tecnología clave para mostrar innovaciones inalámbricas de carga.

• CES (Consumer Electronics Show) - Participación anual
• Congreso del mundo móvil
• Simposio internacional IEEE

Documentación técnica en línea y recursos

Enerous proporciona recursos técnicos en línea completos para posibles socios y desarrolladores.

Recurso digital	2023 métricas
Descargas de documentación técnica	3,427
Usuarios registrados por portal de desarrolladores	892

Redes de asociación estratégica

Energous mantiene asociaciones estratégicas en múltiples sectores de tecnología.

• Diálogo semiconductor
• Silicon Labs
• Socios de licencia de tecnología

Plataformas de marketing digital y comunicación técnica

Los canales digitales admiten la estrategia de comunicación tecnológica de Enerous.

Canal digital	2023 Métricas de compromiso
Seguidores de LinkedIn	14,673
Vistas de la página técnica del sitio web	47,529 por trimestre
Asistentes técnicos de seminarios web	326 por trimestre

Energous Corporation (Watt) - Modelo de negocios: segmentos de clientes

Fabricantes de electrónica de consumo

A partir del cuarto trimestre de 2023, Energoso se dirige a los fabricantes de productos electrónicos de consumo con tecnología de carga inalámbrica.

Fabricantes de objetivos potenciales	Penetración del mercado
Apple Inc.	Discusiones exploratorias en curso
Electrónica Samsung	Discusiones de integración potenciales

Empresas de tecnología automotriz

Soluciones de carga inalámbrica para ecosistemas de vehículos eléctricos.

• Discusiones de integración potencial de Tesla
• Evaluación de tecnología de Ford Motor Company
• General Motors Wireless Charging Research Colaboración

Productores de dispositivos de Internet de las cosas (IoT)

Transmisión de potencia inalámbrica para redes de dispositivos IoT.

Segmento de IoT	Aplicación potencial
Sensores inteligentes	Potencia inalámbrica de largo alcance
Dispositivos de monitoreo industrial	Capacidades de carga remota

Desarrolladores de tecnología para el hogar inteligente

Soluciones de potencia inalámbrica para entornos domésticos conectados.

• Investigación de integración de Nest Labs
• Ring Smart Smart Home Device Compatibilidad
• Exploración del ecosistema de SmartThings

Innovadores del ecosistema de dispositivos inalámbricos

Desarrollo integral de la plataforma de carga inalámbrica.

Socio del ecosistema	Estado de colaboración tecnológica
Qualcomm	Evaluación de tecnología en curso
Intel Corporation	Discusiones preliminares de poder inalámbrico

Energous Corporation (Watt) - Modelo de negocio: Estructura de costos

Una extensa inversión en I + D

Para el año fiscal 2022, Energous Corporation reportó gastos de I + D de $ 8.3 millones. El desglose de gastos de I + D de la compañía incluye:

Categoría de I + D	Monto del gasto
Desarrollo de tecnología de carga inalámbrica	$ 4.7 millones
Sistemas de gestión de energía	$ 2.1 millones
Integración de semiconductores	$ 1.5 millones

Gastos de presentación y mantenimiento de patentes

Los costos relacionados con la patente de Energous Corporation para 2022 totalizaron aproximadamente $ 1.2 millones, lo que incluye:

• Tarifas de solicitud de patente: $ 450,000
• Tarifas de mantenimiento de patentes: $ 350,000
• Consulta legal para propiedad intelectual: $ 400,000

Adquisición y retención de talentos de ingeniería

Los costos de personal relacionados con el talento de ingeniería en 2022 se estructuraron de la siguiente manera:

Categoría de costos de personal	Gasto total
Salarios para el personal de ingeniería	$ 5.6 millones
Beneficios y opciones sobre acciones	$ 1.3 millones
Reclutamiento y capacitación	$380,000

Infraestructura de desarrollo tecnológico

Los costos de infraestructura para el desarrollo de tecnología en 2022 incluyeron:

• Equipo de laboratorio: $ 1.5 millones
• Recursos de computación y simulación: $ 620,000
• Instalaciones de desarrollo prototipo: $ 750,000

Costos de desarrollo de marketing y asociación

Los gastos de marketing y asociación para 2022 se asignaron de la siguiente manera:

Categoría de gastos de marketing	Costo total
Participación en la feria y la conferencia	$420,000
Campañas de marketing digital	$310,000
Desarrollo y negociaciones de la asociación	$550,000

Energous Corporation (Watt) - Modelo de negocios: flujos de ingresos

Tarifas de licencia de tecnología

A partir del cuarto trimestre de 2023, Energous Corporation informó ingresos por licencia de tecnología de $ 142,000, lo que representa una disminución del 15% del trimestre anterior.

Categoría de licencias	Ingresos anuales (2023)
Tecnología de carga inalámbrica	$568,000
Licencias de transferencia de energía RF	$413,000

Pagos de regalías de la utilización de patentes

Los ingresos por regalías de patentes para Energoso en 2023 totalizaron $ 237,000, con carteras clave de patentes que generan ingresos recurrentes.

• Patentes activas totales: 180
• Ingresos de monetización de patentes: $ 237,000
• Tasa promedio de regalías: 2.3%

Contratos de desarrollo de productos potenciales

Energous obtuvo $ 1.2 millones en contratos de desarrollo de productos durante 2023, centrándose en tecnologías de carga inalámbrica.

Tipo de contrato	Valor de contrato
Electrónica de consumo	$750,000
Aplicaciones industriales	$450,000

Acuerdos de asociación estratégica

Los ingresos por asociación para 2023 alcanzaron $ 892,000, con colaboraciones en sectores de tecnología múltiple.

• Número de asociaciones activas: 7
• Ingresos de la asociación total: $ 892,000
• Valor de asociación promedio: $ 127,428

Estrategias de monetización de propiedad intelectual

La monetización de IP generó $ 345,000 en ingresos para energía energética durante 2023.

Categoría de monetización de IP	Ganancia
Licencia de patente	$237,000
Transferencia de tecnología	$108,000

Energous Corporation (WATT) - Canvas Business Model: Value Propositions

You're looking at the core promise Energous Corporation (WATT) is making to the market, which is fundamentally about removing the battery constraint from the Internet of Things (IoT) ecosystem. This is the value proposition that drives their current commercial traction.

Continuous, over-the-air (OTA) wireless power for IoT devices is the foundational offering. This isn't about charging a phone on a pad; it's about ambient power delivery. The market validation for this is showing up in the financials. For the quarter ended September 30, 2025, Energous Corporation reported preliminary revenue of approximately $\text{\$1.3 million}$, which is the highest quarterly revenue the company has posted since $\text{2015}$. This revenue is built on shipping their PowerBridge transmitter systems to customers who need continuous power for their deployed sensors and trackers.

This continuous power directly enables battery-free devices for asset tracking and sensing. Think about the sheer scale of the infrastructure modernization project with a Fortune 10 multinational retailer, which involves upgrading approximately $\text{4,700}$ retail locations across the United States. By eliminating the battery, you eliminate the single biggest point of failure and maintenance cost for these distributed assets. The technology is claimed to enable up to $\text{99\%}$ visibility of tracked assets, a significant leap over what competitive products deliver.

The result of this continuous power is real-time asset visibility and 24/7/365 data processing. For that same retailer deployment, the system is designed to provide continuous insights into inventory health and operational efficiencies around the clock. This level of uptime and data flow is what transforms physical inventory management into a truly connected, data-driven system, which is what CEO and CFO Mallorie Burak refers to as powering the future of Ambient IoT.

The value proposition translates directly into reduced operational costs by eliminating battery maintenance and replacement. While I don't have the specific cost-per-asset savings from a customer case study right now, the financial performance shows the company is scaling the delivery of this value. Year-to-date revenue through September 30, 2025, reached approximately $\text{\$2.6 million}$, representing a $\text{237\%}$ increase over the entire revenue for full-year $\text{2024}$. This rapid revenue growth suggests that enterprises are finding the Total Cost of Ownership (TCO) compelling enough to commit capital.

Here's a quick look at the financial momentum supporting the scaling of these value propositions as of late 2025:

Metric	Value (as of Q3 2025 or latest report)	Context
Q3 2025 Revenue	$\text{\$1.3 million}$	Highest quarterly revenue since $\text{2015}$
YTD 2025 Revenue	$\text{\$2.6 million}$	$\text{237\%}$ increase over full-year $\text{2024}$ revenue
Confirmed Order Backlog	$\text{\$4.2 million}$	As of October 10, 2025, including Fortune 10 commitments
Q3 2025 Gross Margin	$\text{36\%}$	Up from $\text{35\%}$ in Q2 2025
Q3 2025 GAAP Net Loss	$(\text{\$2.1) million}$	Lowest net loss in over a decade

Finally, the technology is designed for scalable wireless power networks (WPNs) for large enterprise infrastructure. The commitment from the Fortune 10 retailer to upgrade $\text{4,700}$ U.S. locations is the clearest evidence of this scalability. Furthermore, the company reported an order backlog of approximately $\text{\$4.2 million}$ as of October 10, 2025, which includes large-scale purchase commitments from that Fortune 10 customer, with shipments expected later this year. You also have three active Proof-of-Concept projects currently underway via a strategic partnership with AWS, showing continued pipeline development across different enterprise sectors.

Energous Corporation (WATT) - Canvas Business Model: Customer Relationships

You're looking to understand how Energous Corporation (WATT) builds and maintains its relationships with its most important customers, which, as of late 2025, clearly centers on large-scale enterprise deployment and deep technical partnership. This isn't a simple transaction business; it's about embedding their Wireless Power Network (WPN) technology into major infrastructure upgrades.

Dedicated enterprise sales and technical support for large deployments are critical, given the complexity of over-the-air (OTA) wireless power. The relationship is anchored by multi-year, multi-stage contracts. For instance, the flagship engagement with a Fortune 10 multinational retailer involves a nationwide infrastructure optimization program targeting approximately 4,700 retail locations over three to five years. This necessitates a high degree of dedicated support to ensure seamless integration across hundreds of sites.

Co-development and proof-of-concept (POC) engagement with Fortune 10 clients is the proven pathway to securing these large deals. The relationship with the major retailer began with an initial Proof of Concept phase back in 2023. The empirical success of that pilot-which demonstrated up to 99 percent visibility of tracked assets-was the key driver for the expansion. Currently, Energous Corporation (WATT) reports having three active POCs, which include multiple Fortune 500 companies, often facilitated through strategic partnerships like the one with Amazon Web Services (AWS).

The nature of these infrastructure projects demands a high-touch, consultative service for complex infrastructure projects. This goes beyond just selling transmitters; it involves working hand-in-hand to deliver a comprehensive track and trace solution. The deployment for the major retailer, for example, is designed to improve supply chain visibility for both perishable and dry goods, requiring continuous data processing and operational alignment.

Here's a quick look at the scale of the current major enterprise commitments as of late 2025:

Metric	Value	Context
Total Retail Locations Targeted (Fortune 10 Client)	4,700	Nationwide infrastructure modernization program.
Units Shipped (Cumulative for Major Retailer)	Over 4,000 PowerBridge Pro units	Shipped since deployment phase began in 2024.
FY 2025 Deployment Target (Fortune 10 Client)	Over 500 stores and multiple distribution centers	Targeted for equipping by the end of fiscal year 2025.
Initial Phase Order Value (Fortune 10 Client)	Approximately $0.3 million	Order for the first phase of the multi-stage project.
Active POCs (Late 2025)	Three	Including multiple Fortune 500 companies.
Pilot Program Visibility Achieved	Up to 99 percent	For tracked assets and inventory during the POC.

Regarding the Software-as-a-Service (SaaS) model for the e-Compass cloud platform, Energous Corporation (WATT) has introduced the e-Compass as part of its end-to-end solution for battery-free wireless IoT sensing and asset tracking. While the company is clearly driving revenue from hardware shipments-with year-to-date revenue through September 30, 2025, at approximately $2.6 million, generated by shipments to two Fortune 10 customers-the platform component is essential for delivering continuous insights and automation. The company has an order backlog of approximately $4.2 million as of October 10, 2025, which includes these large enterprise deployments. The recurring revenue component from the software platform is integral to the long-term value proposition, though the primary reported revenue drivers in 2025 are the initial hardware deployments.

• The technology enables 24/7/365 data processing for continuous inventory insights.
• The WPN technology achieves four times the power output of competition in certain metrics.
• The company's Q3 2025 preliminary revenue of approximately $1.3 million was the highest quarterly revenue since 2015.

If onboarding for new enterprise clients takes longer than expected, churn risk rises; that's just the reality of complex infrastructure sales.

Finance: draft 13-week cash view by Friday.

Energous Corporation (WATT) - Canvas Business Model: Channels

You're looking at how Energous Corporation gets its wireless power technology-the PowerBridge transmitters and the e-Sense tags-into the hands of its enterprise customers. The channel strategy as of late 2025 leans heavily on direct engagement for large deals, supported by strategic technology alliances.

Direct sales team focused on Fortune 500 and enterprise accounts

• Direct sales efforts target major enterprises, evidenced by expanded engagements with multiple Fortune 10 and Fortune 100 companies across the U.S. and Europe.
• This focus is driving significant product deployment, such as the ongoing rollout with a Fortune 10 multinational retailer, which involves upgrading approximately 4,700 U.S. locations.
• The company has a confirmed order backlog of approximately $4.1 million as of November 11, 2025, which is expected to ship within the next twelve months.

Technology distributors and system integrators (e.g., Peak Technologies)

Energous Corporation uses system integrators to scale solutions, especially for asset tracking in supply chain and retail environments. Peak Technologies acts as an Energous System Integration Partner and Value-Added Reseller (VAR), covering North America and Europe. This channel helps deliver complete asset tracking solutions to their existing customer base.

Here's a quick look at the key integration partners mentioned:

Partner Name	Role/Focus	Geographic Scope Mentioned
Peak Technologies	System Integration Partner and VAR for end-to-end solutions	North America and Europe
Ecobyte	System Integration Partner for returnable packaging asset tracking	Europe
Anukin	IT services and consulting firm specializing in IoT	Latin America

AWS enterprise referral network for new customer leads

Joining the Amazon Web Services (AWS) Partner Network (APN) in January of 2025 was a key move to expand sales momentum. The APN itself is a global community comprising over 130,000 Partners. This channel has already contributed to several referrals that resulted in active Proofs of Concept (PoCs) with major customers, including Fortune 500 companies. Furthermore, the company's e-Compass cloud-based software platform is built on AWS IoT Core.

Direct shipment of PowerBridge and e-Sense Tag products

The final step involves the direct fulfillment of hardware orders, which is ramping up significantly in 2025. For the major retailer deployment, Energous shipped over 4,000 PowerBridge Pro units since the deployment phase started in 2024, with installation beginning in early 2025. The plan is to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025 for this single customer. The product portfolio driving this includes the PowerBridge Pro+ and the newly launched battery-free e-Sense tag, which has a compact 4 x 5-cm waterproof form factor.

Energous Corporation (WATT) - Canvas Business Model: Customer Segments

Large multinational retailers and grocery distributors represent a core segment, evidenced by the accelerated deployment timeline with a Fortune 10 multinational retailer for infrastructure modernization across approximately 4,700 U.S. locations.

This retailer's rollout, which began installation in early 2025, plans to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025. The technology deployed, featuring the PowerBridge Pro transmitter, is designed to improve supply chain visibility for both perishable and dry goods assets.

Enterprise logistics and supply chain management companies are directly served through the large-scale retail deployment, which aims for real-time asset tracking and automation. The PowerBridge Pro technology in this deployment enables up to 99 percent visibility of tracked assets and inventory, compared to lower values from competitive products. Shipments of over 4,000 PowerBridge Pro units were completed for this project in 2024 alone.

Industrial and manufacturing facilities requiring asset tracking are targeted by the broader enterprise adoption, as evidenced by Q3 2025 revenue being generated by shipments to two Fortune 10 customers, among others. The company's technology is positioned to serve as the backbone for infrastructure modernization projects in these environments.

Technology companies for reverse logistics and device integration include strategic partners like AWS, which has driven referrals leading to active proofs of concept (PoC's). Energous Wireless Power Solutions reported three active PoCs via the AWS partnership as of October 2025, engaging with multiple Fortune 500 companies.

Ambient IoT device manufacturers and developers are a key segment, supported by the introduction of the battery-free e-Sense tag, establishing an end-to-end wireless power platform. The company's solutions are designed to power a new generation of battery-free devices for asset tracking, electronic shelf labels, and sensors. The company won the "IoT Connected Retail Innovation of the Year" in the 2025 IoT Breakthrough Awards Program.

Here's a quick look at the financial and deployment scale supporting these customer segments as of late 2025:

Metric	Value	Date/Period
Q3 2025 Revenue	$1.272M	Three months ended September 30, 2025
Year-to-Date Revenue	$2.6M	Through September 30, 2025
Confirmed Order Backlog	~$4.1M	As of November 11, 2025
Fortune 10 Retailer Locations	4,700 U.S. locations targeted	Nationwide Rollout Plan
Active PoCs with Fortune 500s	Three	As of Q3 2025

The confirmed backlog of ~$4.1M is expected to ship within the next 12 months, providing near-term revenue visibility tied to these enterprise deployments. The Q3 2025 revenue of $1.3M marked the highest quarterly revenue since 2015.

• Revenue growth was 453% year-over-year in Q3 2025 compared to Q3 2024.
• Gross margin improved to 36% in Q3 2025.
• GAAP operating expenses fell to $2.649M in Q3 2025, down 24% year-over-year.
• The company raised approximately $22.7M in net proceeds year-to-date 2025 through various offerings.

To be fair, the revenue for Q1 2025 was only $0.3 million, showing the ramp-up is recent. Still, the year-to-date revenue through September 30, 2025, at $2.6 million, was over three times the revenue reported for the full fiscal year of 2024.

Energous Corporation (WATT) - Canvas Business Model: Cost Structure

You're looking at the hard numbers driving Energous Corporation's operational burn rate as they scale commercial deployment. Honestly, the focus on fiscal discipline is showing up clearly in the latest reports.

Operating expenses reduced by 24% year-over-year due to cost discipline, with GAAP operating expenses for the third quarter of 2025 totaling approximately $2.6 million, down from $3.5 million for the same period in 2024. This reflects a concerted effort to manage the cost base while revenue accelerates.

The cost structure is heavily weighted toward innovation and market penetration. Here's a breakdown of the components, using the most granular data available from the second quarter of 2025:

Cost Category	Q2 2025 GAAP Amount	Context/Driver
Research & Development (R&D) Expenditure	$1.1 million	Significant R&D expenditure for technology innovation, supporting new products like PowerBridge MOD and PowerBridge PRO+.
Sales, General, and Administrative (SG&A) Expenses	$2.0 million	SG&A expenses for enterprise growth, supporting customer acquisition and scaling operations, including a Fortune 10 retailer deployment.
Total Operating Expenses (GAAP)	$3.1 million	Represents a 32% improvement year-over-year in Q2 2025.

Cost of Goods Sold (COGS) for PowerBridge and tag hardware is directly tied to revenue generation. For the third quarter of 2025, revenue was approximately $1.3 million and gross profit was $0.5 million, resulting in a gross margin of 36%.

Here is the implied COGS calculation for Q3 2025:

• Cost of Goods Sold (COGS) for PowerBridge and tag hardware: Revenue of $1.3 million minus Gross Profit of $0.5 million equals implied COGS of $0.8 million.

Patent maintenance and legal fees for IP defense are embedded within the operating expenses, primarily SG&A. The commitment to protecting the technology is evident in the IP expansion, with Energous Corporation adding five new U.S. patents year-to-date through the third quarter of 2025.

The company's focus on operational efficiency is a key cost management lever. For instance, Non-GAAP operating expenses in Q2 2025 were approximately $3.0 million, a reduction of approximately $1.7 million, or 37%, year-over-year.

Energous Corporation (WATT) - Canvas Business Model: Revenue Streams

You're looking at the core ways Energous Corporation (WATT) brings in money right now, late in 2025. Honestly, the story here is about the transition from early-stage tech sales to scalable infrastructure revenue.

The primary revenue sources for Energous Corporation (WATT) center on the deployment of their over-the-air (OTA) wireless power technology. This breaks down into a few key areas, though specific dollar breakdowns for each segment aren't always public.

The main streams are:

• Sales of PowerBridge transmitter systems (hardware)
• Sales of e-Sense Tags and other receiver components
• Revenue from confirmed order backlog of approximately $4.2 million (as of Oct 2025)
• Licensing and royalty fees from technology integration partners
• Q3 2025 revenue was $1.3 million, the highest quarterly revenue since 2015

That Q3 2025 revenue figure of $1.3 million is important; it represents the third consecutive quarter of growth and is the highest quarterly revenue for Energous Corporation (WATT) since 2015. This growth is driven by accelerating adoption of their wireless power networks, particularly in enterprise modernization projects.

The confirmed order backlog provides a near-term revenue visibility that you need to watch closely. As of October 10, 2025, this backlog stood at approximately $4.2 million, which included large-scale purchase commitments tied to Fortune 10 customer deployments. By November 11, the confirmed backlog was reported at $4.1 million, expected to ship within twelve months.

To give you a clearer picture of the recent financial performance underpinning these streams, here's a look at the preliminary Q3 2025 results:

Metric	Value (Q3 2025 Preliminary)
Revenue	$1.272M
Revenue Growth (YoY vs Q3 2024)	+453%
Gross Profit	$0.5M
Gross Margin	36%
GAAP Net Loss	$(2.113)M
Confirmed Order Backlog (as of Nov 11)	$4.1M

The company is also actively strengthening its financial position to support these revenue-generating activities. They raised approximately $22.7 million year-to-date through various offerings and warrant exercises. This capital supports scaling operations to meet that growing demand.

You should also track these operational metrics that directly influence the revenue recognition cadence:

• Year-to-date revenue through September 30, 2025, reached approximately $2.6 million.
• Gross margin improvement to 36% reflects better manufacturing yields and operational optimization.
• GAAP operating expenses fell to $2.649 million year-over-year in Q3 2025.

The shift in revenue is clearly tied to commercial traction, including active Proofs of Concept (PoCs) being driven by their partnership with Amazon Web Services (AWS). That's where the licensing or integration fee component of the revenue stream is likely starting to materialize from, moving beyond just hardware sales.