Energous Corporation (NASDAQ:WATT) is reporting third quarter earnings results on Monday 9th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.15 per share.
For the full year, analysts predict revenues of $ 0.73 million, while looking forward to loss of $ 0.62 per share.
Previous Quarter Performance
Energous Corporation came out with loss for the second quarter of $ 0.20 per share, from the revenue of $ 0.11 million. Street analysts expected Energous Corporation to report loss of $ 0.20 per share on revenue of $ 0.10 million for the second quarter. The top line results outshined analysts by $ 0.01 million or 10.00 percent.
Stock Performance
On Friday, shares of Energous Corporation has traded high as $ 2.22 and has cracked $ 2.11 on the downward trend, reaching $ 2.15 with volume of 832.50 thousand shares.
According to the previous trading day, closing price of $ 2.15, representing a 260.66 % increase from the 52 week low of $ 0.61 and a 51.97 % decrease over the 52 week high of $ 4.58.
The company has a market capital of $ 89.51 million and is part of the Technology sector and Electronic Components industry.
Conference Call
Energous Corporation will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.energous.com
Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air.
