Energous (NASDAQ:WATT) Announces Quarterly Earnings Results

Energous (NASDAQ:WATT) issued its earnings results on Thursday. The industrial products company reported ($0.33) EPS for the quarter, Zacks reports. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%.

Energous Stock Up 2.6 %

WATT stock opened at $0.37 on Friday. Energous has a 52-week low of $0.28 and a 52-week high of $2.70. The business has a fifty day moving average of $0.57 and a two-hundred day moving average of $0.59. The stock has a market cap of $11.14 million, a price-to-earnings ratio of -0.12 and a beta of 2.31.

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.