Energous (NASDAQ:WATT) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Energous (NASDAQ:WATT) posted its earnings results on Tuesday. The industrial products company reported ($0.50) EPS for the quarter, beating the consensus estimate 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 for the quarter.

Energous Trading Down 2.9 %

NASDAQ WATT opened at $0.53 on Friday. Energous has a 1 year low of $0.50 and a 1 year high of $2.75. The firm’s 50 day simple moving average is $0.61 and its 200 day simple moving average is $0.95.

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.