Energous Corporation (NASDAQ: WATT) is a wireless power technology company that develops and commercializes RF-based wireless power solutions for low-power IoT applications. The company generates revenue through the sale of transmitter systems and receiver integrated circuits, along with licensing arrangements with commercialization partners. Incorporated in Delaware in 2012 and headquartered in San Jose, California, Energous targets enterprise and industrial end markets including retail, warehouses, fulfillment centers, healthcare facilities, and logistics environments. Its end-to-end platform, branded as the WPN (Wireless Power Network), consists of the PowerBridge transmitter platform, receiver integrated circuits, and supporting software designed to enable battery-free IoT device operation. The patent portfolio exceeded 300 patents as of the 10-K filed March 26, 2026. The company disclosed going concern risk in prior periods but stated in the FY2025 10-K that cash flows and cash equivalents are anticipated to be sufficient for at least the next 12 months. Mallorie Burak serves as the designated attorney-in-fact for SEC filings, with David Roberson as Board Chair.

Revenue model

Revenue is derived from sales of transmitter hardware (PowerBridge platform), receiver integrated circuits embedded in third-party IoT devices, and licensing arrangements with commercialization partners. The company also pursues an ecosystem-based approach engaging customers across transmitter, receiver, and software layers.

Products and services

PowerBridge transmitter platform for at-a-distance RF-based wireless power delivery; receiver integrated circuits for low-power IoT devices; supporting software for wireless power networks; applications include retail sensors, electronic shelf labels (ESLs), asset trackers, air quality monitors, and motion detectors.

Customers and end markets

Enterprise and industrial customers in retail, warehouse, fulfillment center, healthcare, and logistics environments. End devices are low-power IoT sensors and trackers requiring continuous operation without wired connections or battery replacement.

Value-chain role

Fabless semiconductor and systems company. Energous designs integrated circuits, transmitter hardware, and software, then sells or licenses the technology to device manufacturers and system integrators who embed it into end-use products and infrastructure.

Source: SEC 10-K, filed 2026-03-26

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