Energous (WATT) Tops Q3 EPS by 10c

Energous (NASDAQ: WATT) reported Q3 EPS of ($0.20), $0.10 better than the analyst estimate of ($0.30).

Recent Highlights

• Energous and ZPower formed partnership to develop WattUp-enabled ZPower rechargeable microbatteries
• The Oasis-RC PSAP from Energous customer, Delight, shipped to consumers, marking the first WattUp enabled device to be widely available
• Announced the availability of its hearable developer kits for manufacturers for fast-charging of devices that require higher power levels
• Energous partner, NewSound, announced the launch of a next-generation WattUp-enabled hearing aid at the 64th Annual EUHA 2019 International Congress of Acousticians Conference October 16-18, 2019
• Added deep semiconductor expertise to the Board with the addition of three new directors

“In this quarter, the first fully commercialized, WattUp enabled product, the Oasis RC PSAP, shipped to consumers, tangible evidence that our technology is now entering the marketplace starting with the significant and growing hearables space,” said Stephen R. Rizzone, president and CEO of Energous Corporation. “The second product, NewSound's Primo-W hearing aid, will be available in the coming months, demonstrating the momentum we are building to launch Wireless Charging 2.0. We have made significant progress in our regulatory efforts and have significantly reduced our operating expenses as we focus on ramping revenue.”

For earnings history and earnings-related data on Energous (WATT) click here.

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