Energous: Finally In A Stronger Financial Position And Making Progress With Customers (Rating Upgrade)

Elephant AnalyticsInvesting Group LeaderFollow5ShareSavePlay(9min)Comment(1)SummaryEnergous had $39.4 million in cash as of March 23, 2026, and could increase this to $69 million by completing its ATM equity program.This should give it around 6 to 11 years of runway at recent cash burn rates.It reported $5.6 million in 2025 revenue, including $3.0 million in Q4 2025. These were its best results ever.Operating costs have also been substantially reduced, so it is in much better shape now.Around 85% of its 2025 revenues come from one customer though, so it will need to continue making progress with other customers to diversify and grow.Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Michael Vi/iStock Editorial via Getty Images It has been nearly three years since I last looked at Energous (WATT). I had covered it for years before that, but the story was fairly similar throughout. Hype (such as This article was written byElephant Analytics11.9K FollowersFollowAaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.