secwatch / observer

Energous Corp — fact timeline

Source-grounded facts extracted from Energous Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

WATT Energous Corp JSON
Shareholder Votes

Energous Corp shareholders approved Approval of the Energous Corporation Amended and Restated 2024 Equity Incentive Plan at the 2026-06-11 meeting.

“Proposal 3 . Approval of the Energous Corporation Amended and Restated 2024 Equity Incentive Plan. Votes For Votes Against Abstentions Broker Non-Votes 896,053 99,667 197,273 1,836,154”
Shareholder Votes

Energous Corp shareholders approved Ratification of the appointment of BPM LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 at the 2026-06-11 meeting.

“Proposal 2 . Ratification of the appointment of BPM LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026. Votes For Votes Against Abstentions Broker Non-Votes 2,832,289 3,002 193,856 —”
Shareholder Votes

Energous Corp shareholders approved Election of four directors at the 2026-06-11 meeting.

“Proposal 1 . Election of four directors to the Board of Directors to serve until the 2027 Annual Meeting of Stockholders and until their respective successors are elected and qualified. Nominee Votes For Votes Withheld Broker Non-Votes David Roberson 1,004,683 188,310 1,836,154 Mallorie Burak 1,004,109 188,884 1,836,154 J. Michael Dodson 1,004,537 188,456 1,836,154 Rahul Patel 1,003,859 189,134 1,836,154”
Earnings Releases

Energous Corp reported the first quarter ended March 31, 2026 results: revenue approximately $3.1 million, net income approximately $1.7 million, or $0.43 per basic and diluted share, EPS $0.43 per basic and diluted share.

“Energous Corporation d/b/a Energous Wireless Power Solutions (Nasdaq: WATT) (“Energous,” the “Company,” “we,” or “our”), a pioneer in scalable, over-the-air wireless power networks, today announced financial results for the first quarter ended March 31, 2026, reporting revenue of approximately $3.1 million”
Earnings Releases

Energous Corp reported the year ended December 31, 2025 results: revenue $5.6 million, net income approximately $(9.6) million, or $(6.46) per basic and diluted share, EPS $(6.46) per basic and diluted share.

“EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm269500d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Energous Wireless Power Solutions Reports Fiscal Year 2025 Results - Reports Revenue of $5.6 Million – Posting fourth consecutive quarter of growth and highest recorded annual revenue in the Company’s history - - Lowest Quarterly Net Loss since 2013 – Evidencing further progress”
Equity Issuances

Energous Corp issued an aggregate of 47,764 shares of Common Stock of warrant to the Investor for aggregate gross proceeds to the Company of approximately $364,000.

“and the 34,014 warrants issued in February 2024 were exercised at a reduced exercise price of $7.92 per share for aggregate gross proceeds to the Company of approximately $364,000. As consideration for the exercise of the Original Warrants for cash, the Company issued new unregistered warrants (the “New Warrants”) to purchase up to an aggregate of 47,764”
Equity Issuances

Energous Corp issued up to an aggregate of 40,974 shares of Common Stock of warrant to the Placement Agents or their respective designees.

“the Company, in connection with the closing of the Offering, agreed to issue to the Placement Agents or their respective designees warrants (the “Registered Direct Offering Placement Agent Warrants”) to purchase up to an aggregate of 40,974 shares of Common Stock”
Equity Issuances

Energous Corp issued warrants to purchase up to an aggregate of 585,347 shares of Common Stock of warrant to an institutional investor for combined price of $7.92 per share of Common Stock or Pre-Funded Warrant and accompanying Warrant.

“shares of Common Stock (the “Warrants”). Each share of Common Stock and Pre-Funded Warrant is being offered and sold together with an accompanying Warrant at a combined price of $7.92 per share of Common Stock or Pre-Funded Warrant and accompanying Warrant, as applicable. Each Pre-Funded Warrant and Warrant is exercisable at any time on or after the date of”
Equity Issuances

Energous Corp issued pre-funded warrants to purchase up to 465,347 shares of Common Stock of warrant to an institutional investor for combined price of $7.92 per share of Common Stock or Pre-Funded Warrant and accompanying Warrant.

“shares of Common Stock (the “Warrants”). Each share of Common Stock and Pre-Funded Warrant is being offered and sold together with an accompanying Warrant at a combined price of $7.92 per share of Common Stock or Pre-Funded Warrant and accompanying Warrant, as applicable. Each Pre-Funded Warrant and Warrant is exercisable at any time on or after the date of”
Equity Issuances

Energous Corp issued 120,000 shares of common stock to an institutional investor for combined price of $7.92 per share of Common Stock or Pre-Funded Warrant and accompanying Warrant.

“shares of Common Stock (the “Warrants”). Each share of Common Stock and Pre-Funded Warrant is being offered and sold together with an accompanying Warrant at a combined price of $7.92 per share of Common Stock or Pre-Funded Warrant and accompanying Warrant, as applicable. Each Pre-Funded Warrant and Warrant is exercisable at any time on or after the date of”
Governance Changes

Energous Corp: Certificate of Amendment to Second Amended and Restated Certificate of Incorporation to effect a 1-for-30 reverse stock split of common stock, effective 12:01 a.m. ET on August 11, 2025, to meet Nasdaq minimum bid price requirement (effective 2025-08-11).

“On August 7, 2025, as approved by the stockholders of Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) on June 11, 2025, the Company filed a Certificate of Amendment (the “Amendment”) to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-30 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, $0.00001 par value per share (the “Common Stock”), to be effective as of 12:01 a.m. Eastern Time on August 11, 2025 (the “Effective Time”).”
Governance Changes

Energous Corp: Amended bylaws to change quorum requirement to one-third of outstanding shares and eliminate requirement for stockholder list at meetings (effective 2025-04-08).

“On April 8, 2025, the Board of Directors of Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) approved certain amendments to the Company’s amended and restated bylaws (as amended and restated, the “Second A&R Bylaws”), effective immediately.”
Listing & Compliance Notices

Energous Corp received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

“February 27, 2025, Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180 calendar days, or until August 25, 2025, to regain compliance with the $1.00 per share minimum bid price requirement required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Marketplace Rule 5550(a)(2) (the “Bid Price Rule”). As previously reported, on August 29, 2024, the Company received a notification letter from the Staf”
Listing & Compliance Notices

Energous Corp received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“December 4, 2024, Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) received notice (the “Notice”) from the staff of the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating the Company that the Company was not in compliance with the minimum stockholders’ equity requirement for continued listing as set forth in Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”), because the Company’s stockholders’ equity of $434,000, as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period end”

Mallorie Burak was appointed as Director at Energous Corp.

“On October 16, 2024, the Board of Directors (the “Board”) of Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) appointed Mallorie Burak as the permanent Chief Executive Officer of the Company and as a member of the Board, each effective immediately.”

Mallorie Burak was appointed as Chief Executive Officer at Energous Corp.

“On October 16, 2024, the Board of Directors (the “Board”) of Energous Corporation d/b/a Energous Wireless Power Solutions (the “Company”) appointed Mallorie Burak as the permanent Chief Executive Officer of the Company and as a member of the Board, each effective immediately.”
Earnings Releases

Energous Corp reported the three months ended March 31, 2024 results: revenue approximately $0.1 million, net income approximately $(6.6) million, EPS $(1.11) per basic and diluted share.

“and provided an update on recent partnerships and company highlights. First Quarter 2024 Financial Results · Revenue for the three months ended March 31, 2024 of approximately $0.1 million versus $0.1 million in the 2023 period. · Costs and expenses for the three months ended March 31, 2024 totaled $6.7 million versus $6.4 million in the 2023 period. Total first”

David Roberson was appointed as Chairman of the Board at Energous Corp.

“In addition, on April 24, 2024, the Board appointed David Roberson as Chairman of the Board, and also appointed Mr. Roberson to replace Ms. Au on the previously announced Office of the Chair.”

Reynette Au resigned as Director at Energous Corp.

“On April 24, 2024, Reynette Au resigned as a member of the Board of Directors (the “Board”) of Energous Corporation (the “Company”), effective immediately.”
Auditor Changes

Energous Corp engaged BPM LLP as its auditor.

“As a result of this process, on April 11, 2024, the Committee appointed BPM LLP (“BPM”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. Also on April 11, 2024, the Company, with the approval of the Committee, dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, effective immediately. The reports of Marcum on the Company’s financial statements as of and for the fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2023 and 2022, and in the subsequent interim period through April 11, 2024, there were (i) no “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Marcum on any matte”
Auditor Changes

Energous Corp dismissed Marcum LLP as its auditor.

“Also on April 11, 2024, the Company, with the approval of the Committee, dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, effective immediately.”
Earnings Releases

Energous Corp reported the year ended December 31, 2023 results: revenue approximately $0.5 million, net income approximately $(19.4) million, EPS $(4.15) per basic and diluted share.

“results for the year ended December 31, 2023, and provided an update on recent partnerships and company highlights. 2023 Financial Results · 2023 revenue of approximately $0.5 million versus $0.9 million in 2022. · Total costs and expenses were significantly reduced in 2023 from approximately $27.5 million in 2022 to approximately $22.6 million in 2023,”

Mallorie Burak was appointed as interim principal executive officer at Energous Corp.

“As of the Effective Date, the Board appointed Mallorie Burak, the Company’s Chief Financial Officer, to also serve as interim principal executive officer until the appointment of a permanent replacement chief executive officer for the Company.”

Cesar Johnston resigned as President and Chief Executive Officer at Energous Corp.

“Effective March 24, 2024 (the “Effective Date”), Cesar Johnston is no longer serving as President and Chief Executive Officer of Energous Corporation (the “Company”).”
Material Agreements

Energous Corp entered into Purchase Agreement with an institutional investor valued at approximately $1.7 million (effective 2024-02-15).

“On February 15, 2024, Energous Corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional investor, providing for the issuance and sale by the Company, in a registered direct offering (the “Offering”), of (i) 570,000 shares of the Company’s common stock, par value $0.00001 (“Common Stock”), (ii) pre-funded warrants to purchase up to 450,409 shares of Common Stock (the “Pre-Funded Warrants”), and (iii) warrants to purchase up to an aggregate of 1,020,409 shares of Common Stock (the “Warrants”).”

Mallorie Burak was appointed as Chief Financial Officer at Energous Corp.

“the Company announced that the board of directors (the “Board”) of the Company appointed Mallorie Burak as the Company’s Chief Financial Officer, effective as of the Effective Date.”

Susan Kim van-Dongen resigned as Interim Chief Financial Officer at Energous Corp.

“Effective as of January 15, 2024 (the “Effective Date”), Susan Kim van-Dongen no longer serves as Interim Chief Financial Officer of Energous Corporation (the “Company”).”
Earnings Releases

Energous Corp reported financial results for third quarter ended September 30, 2023.

“On November 9, 2023, Energous Corporation announced its unaudited financial results for the quarter ended September 30, 2023.”
Governance Changes

Energous Corp: Amendment to certificate of incorporation to effect a 1-for-20 reverse stock split (effective 2023-08-16).

“the Company filed a certificate of amendment (the “Certificate of Amendment”) to its Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock, $0.00001 par value (“Common Stock”), at a ratio of 1-for-20, effective as of August 16, 2023”
Earnings Releases

Energous Corp reported second quarter ended June 30, 2023 results: revenue $117,133, net income $(4.0) million, or $(0.04) per basic and diluted share.

“its second quarter ended June 30, 2023. Unaudited 2023 Second-Quarter Financial Results For the second quarter ended June 30, 2023, Energous reported: • Revenue of approximately $117,133, a 21% increase over Q1 2023 • Costs and expenses of approximately $6.2 million, with approximately $82,818 in cost of revenue, $2.9 million in research and development, and $3.2”

William Mannina resigned as Acting Chief Financial Officer at Energous Corp.

“William Mannina had resigned from his position as the Company’s Acting Chief Financial Officer, effective August 16, 2023”

Susan Kim-van Dongen was appointed as Interim Chief Financial Officer at Energous Corp.

“On July 22, 2023, the board of directors of Energous Corporation (the “Company”) appointed Susan Kim-van Dongen as Interim Chief Financial Officer, effective July 24, 2023.”

William Mannina departed as Acting Chief Financial Officer at Energous Corp.

“William Mannina, the Company’s prior Acting Chief Financial Officer, no longer served in such capacity as of July 24, 2023.”

William Mannina resigned as Interim Chief Financial Officer at Energous Corp.

“On July 20, 2023, Energous Corporation (the “Company”) announced that William Mannina has resigned from his position as the Company’s Interim Chief Financial Officer, effective August 16, 2023.”

Sheryl Wilkerson resigned as Director at Energous Corp.

“Energous Corporation (the “Company”) previously filed a Form 8-K with the Securities and Exchange Commission on May 8, 2023 to report that Sheryl Wilkerson, a director of the Company, provided the Company with notice of her intention to resign, effective no later than July 1, 2023.”
Shareholder Votes

Energous Corp shareholders rejected Amendment to the certificate of incorporation to increase the number of authorized shares of common stock to the current amount multiplied by 2x the final reverse stock split ratio at the 2023-06-14 meeting.

“Holders of the Company’s common stock did not approve an amendment to the Company’s certificate of incorporation to effect an effective increase in the number of authorized shares of common stock to a number that is calculated as the current authorized common share amount multiplied by 2x (two times) the final reverse stock split ratio, as follows: Shares voted in favor: 44,760,888 Shares voted against: 7,730,487 Shares abstaining: 587,549”
Shareholder Votes

Energous Corp shareholders approved Amendment to the certificate of incorporation to effect a reverse stock split by a ratio not to exceed 1-for-20 at the 2023-06-14 meeting.

“Holders of the Company’s common stock approved an amendment to the Company’s certificate of incorporation to effect a reverse stock split by a ratio not to exceed 1-for-20, as follows: Shares voted in favor: 46,869,487 Shares voted against: 5,629,203 Shares abstaining: 580,234”
Shareholder Votes

Energous Corp shareholders approved Amend and restate the Company's Employee Stock Purchase Plan at the 2023-06-14 meeting.

“Holders of the Company’s common stock voted to amend and restate the Company’s Employee Stock Purchase Plan, as follows: Shares voted in favor: 20,893,226 Shares voted against: 4,037,825 Shares abstaining: 388,852 Broker non-votes: 27,759,021”
Shareholder Votes

Energous Corp shareholders approved Amend and restate the Company's 2013 Equity Incentive Plan at the 2023-06-14 meeting.

“Holders of the Company’s common stock voted to amend and restate the Company’s 2013 Equity Incentive Plan, as follows: Shares voted in favor: 19,869,141 Shares voted against: 5,021,314 Shares abstaining: 429,448 Broker non-votes: 27,759,021”
Shareholder Votes

Energous Corp shareholders approved Non-binding advisory vote to approve the compensation paid by the Company to its named executive officers at the 2023-06-14 meeting.

“Holders of the Company’s common stock voted to approve, by a non-binding advisory vote, the compensation paid by the Company to its named executive officers, as follows: Shares voted in favor: 20,237,588 Shares voted against: 4,609,498 Shares abstaining: 472,817 Broker non-votes: 27,759,021”
Shareholder Votes

Energous Corp shareholders approved Ratify the appointment of Marcum LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-06-14 meeting.

“Holders of the Company’s common stock voted to ratify the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, as follows: Shares voted in favor: 51,454,641 Shares voted against: 1,289,620 Shares abstaining: 334,663”
Shareholder Votes

Energous Corp shareholders approved Election of five members of the Board of Directors at the 2023-06-14 meeting.

“Holders of the Company’s common stock voted to elect five members of the Board of Directors to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified, as follows: Name For Withheld Broker Non-Votes Reynette Au 21,122,033 4,197,870 27,759,021 Rahul Patel 21,349,806 3,970,097 27,759,021 Sheryl Wilkerson 20,621,708 4,698,195 27,759,021 J. Michael Dodson 22,018,833 3,301,070 27,759,021 David Roberson 22,000,856 3,319,047 27,759,021 Cesar Johnston 21,695,942 3,623,961 27,759,021”
Earnings Releases

Energous Corp reported first quarter ended March 31, 2023 results: revenue approximately $96,676, net income approximately $(6.7) million, EPS approximately $(0.08) per basic and diluted share.

“For the first quarter ended March 31, 2023, Energous reported: • Revenue of approximately $96,676, compared to $215,961 in the 2022 first quarter • Costs and expenses of approximately $6.4 million, with approximately $138,813 in cost of revenue, $3.1 million in research and development, and $3.2 million in sales, marketing, general and administrative expenses • Net loss of approximately $(6.7) million, or $(0.08) per basic and diluted share”

Sheryl Wilkerson resigned as Director at Energous Corp.

“Sheryl Wilkerson has notified the Board of Directors (the “Board”) of Energous Corporation (the “Company”) of her intention to resign as a director of the Board due to her acceptance of a position at the Federal Communications Commission.”
Material Agreements

Energous Corp entered into Underwriting Agreement with Roth Capital Partners, LLC valued at 8,250,000 shares of common stock and warrants to purchase 8,250,000 shares at $0.40 per share, with (effective 2023-03-24).

“On March 24, 2023, Energous Corporation (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Roth Capital Partners, LLC (the “ Underwriter ”), pursuant to which the Company agreed to issue and sell an aggregate of (i) 8,250,000 shares (the “ Shares ”) of common stock of the Company, $0.00001 par value per share (“ Common Stock ”), and (ii) warrants, which will accompany the Common Stock, to purchase up to 8,250,000 shares of Common Stock (the “ Common Warrants ” and, together with the Common Stock, the “ Securities ”), to the Underwriter (the “ Offering ”) at the public offering price of $0.40 per Share and Common Warrant, less underwriting discounts and commissions.”
Earnings Releases

Energous Corp reported the full year ended December 31, 2022 results: revenue approximately $851,000.

“full-year revenue of approximately $851,000 increased 12.5% from approximately $757,000 in 2021”
Earnings Releases

Energous Corp reported the fourth quarter ended December 31, 2022 results: revenue approximately $179,000, net income approximately $(6.1) million, EPS $(0.08) per basic and diluted share.

“For the fourth quarter ended December 31, 2022, Energous reported: • Revenue of approximately $179,000, versus $225,000 in the 2021 fourth quarter – full-year revenue of approximately $851,000 increased 12.5% from approximately $757,000 in 2021. • Total costs and expenses of approximately $6.5 million, with approximately $383,000 in cost of revenue, $2.9 million in research and development (R&D) expenses, $3.1 million in sales, marketing, general and administrative (SG&A) expenses, and $165,000 in severance expenses – total costs and expenses were down significantly from approximately $9.6 million in the 2021 fourth quarter. • Net loss of approximately $(6.1) million, or $(0.08) per basic and diluted share, versus a net loss of approximately $(9.4) million, or $(0.13) per basic and diluted share, in the 2021 fourth quarter.”

Kathleen A. Bayless resigned as Director at Energous Corp.

“On November 4, 2022, Kathleen A. Bayless advised the Board of Directors (the “Board”) of Energous Corporation (the “Company”) that she would resign as a director of the Board and from her roles as Chair of the Board’s Audit Committee and as a member of the Board’s Nominating and Corporate Governance Committee, in each case effective on November 4, 2022.”
Earnings Releases

Energous Corp reported third quarter ended September 30, 2022 results: revenue approximately $223,000, net income Net loss of approximately $(6.0) million, EPS $(0.08) per basic and diluted share.

“For the third quarter ended September 30, 2022, Energous reported: • Revenue of approximately $223,000, up nearly 11% from approximately $201,000 in the 2021 third quarter • Costs and expenses of approximately $6.3 million, with approximately $420,000 in cost of revenue, $2.9 million in research and development, and $3.0 million in sales, marketing, general and administrative expenses • Net loss of approximately $(6.0) million, or $(0.08) per basic and diluted share”

David Roberson was appointed as Director at Energous Corp.

“On August 12, 2022, each of Mr. J. Michael Dodson and Mr. David Roberson was appointed as a member of the Board of Directors (the “Board”) of Energous Corporation (the “Company”) and as a member of the audit committee of the Board, each to serve until the 2023 annual meeting of stockholders and his successor is duly elected and qualified or until his earlier death, resignation or removal.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.