Energous Corporation Common Stock (WATT)

FairStock Score: 51/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a Graham-and-Buffett-style investor: I want a durable business, honest accounting, and a margin of safety. Energous sells wireless charging systems for IoT devices, but it is not yet a proven business. In fiscal year 2025, the year ended 2025-12-31, revenue was $5.6 million and net loss was $9.6 million; in fiscal year 2024, revenue was $768,000 and net loss was $18.4 million. Revenue has improved, and the loss narrowed, but fiscal Q2 2026, the quarter ended 2026-06-30, still showed revenue of $3.1 million and a net loss of $2.9 million—a -94.24% margin. With TTM free cash flow of -$16.0 million and FCF yield of -34.4% (FairStock calculation), the company consumes cash. The balance sheet is not levered—D/E 0.03—but Piotroski 1/9 and Altman -6.42 point to fragility. At the $8.44 close on 2026-10-26, market cap is $46.6 million; P/B is 1.49 and P/E is negative, so there is no earnings-based valuation support. The revenue runway is real but tiny. I see no moat yet: 27 employees, small sales, and unproven economics. The computed Lynch category is none because it lost money in each of the last four years. Growth could matter, but I cannot call this cheap on current figures; it is a speculative turn-around, not a Graham-style bargain.

In plain English: Energous makes wireless charging systems for small connected devices. The business is still very small and unprofitable: sales are rising, but it keeps losing money and using cash. At $8.44, the price looks high compared with current sales and losses, so this is not a proven bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer