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

Energous (NASDAQ:WATT) posted its quarterly earnings data 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 return on equity of 242.94% and a negative net margin of 4,368.98%. The company had revenue of $0.23 million during the quarter.

Energous Stock Down 2.9 %

Shares of NASDAQ:WATT traded down $0.02 on Thursday, hitting $0.53. 137,986 shares of the company traded hands, compared to its average volume of 101,719. The stock has a 50 day simple moving average of $0.61 and a 200-day simple moving average of $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 has a 52 week low of $0.50 and a 52 week high of $2.75.

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.