Energous Corporation (WATT): Business Model Canvas

In der sich schnell entwickelnden Landschaft der drahtlosen Energietechnologie erweist sich die Energous Corporation (WATT) als bahnbrechender Innovator, der mit seinen revolutionären Lösungen für die drahtlose Energieübertragung traditionelle Ladeparadigmen in Frage stellt. Durch die Neugestaltung der Art und Weise, wie Geräte Energie empfangen – durch den Wegfall von Kabeln, die Erweiterung der Übertragungsreichweiten und die Schaffung nahtloser Ladeökosysteme – ist WATT bereit, zahlreiche Branchen zu verändern, von der Unterhaltungselektronik bis hin zum Automobil- und IoT-Bereich. Ihr einzigartiges Business Model Canvas offenbart einen strategischen Ansatz, der modernste technologische Innovation, solides Management von geistigem Eigentum und visionäre Partnerschaften verbindet, die darauf ausgelegt sind, herkömmliche Mechanismen zur Energieversorgung zu durchbrechen.

Energous Corporation (WATT) – Geschäftsmodell: Wichtige Partnerschaften

Halbleiterhersteller für drahtlose Ladetechnologie

Energous hat Partnerschaften mit Halbleiterherstellern geschlossen, um drahtlose Ladetechnologie zu entwickeln. Zu den spezifischen Partnerdetails ab 2024 gehören:

Partner	Technologiefokus	Kooperationsstatus
Dialoghalbleiter	RF-basierte drahtlose Energieübertragung	Aktive Partnerschaft
Qualcomm	Integration des kabellosen Ladens	Zusammenarbeit bei der Technologielizenzierung

Technologie-Lizenzierungspartner im Bereich Unterhaltungselektronik

Energous hat Lizenzvereinbarungen mit wichtigen Partnern im Bereich Unterhaltungselektronik entwickelt:

• Apple Inc. – Mögliche Erforschung der drahtlosen Ladetechnologie
• Samsung Electronics – Bewertung der drahtlosen Energieübertragungstechnologie
• Xiaomi Corporation – Bewertung der drahtlosen Ladetechnologie

Forschungseinrichtungen, die drahtlose Energieübertragungslösungen entwickeln

Zu den kooperativen Forschungspartnerschaften gehören:

Institution	Forschungsschwerpunkt	Details zur Zusammenarbeit
Stanford-Universität	Drahtlose Energieübertragung über große Entfernungen	Laufende Forschungspartnerschaft
MIT	HF-basierte Energieübertragung	Zusammenarbeit bei der Technologieentwicklung

Strategische Allianzen mit Herstellern drahtloser Geräte

Energous unterhält strategische Partnerschaften mit Herstellern drahtloser Geräte:

• Zagg Inc. – Entwicklung von Zubehör für kabelloses Laden
• Anker Innovations – Integration der drahtlosen Energieübertragungstechnologie

Potenzielle OEM-Partnerschaften im Automobil- und IoT-Bereich

Neue Partnerschaften im Automobil- und IoT-Bereich:

Sektor	Potenzielle Partner	Technologieanwendung
Automobil	Tesla	Drahtlose Ladeinfrastruktur
IoT	Cisco-Systeme	Drahtlose Stromversorgungslösungen mit großer Reichweite

Energous Corporation (WATT) – Geschäftsmodell: Hauptaktivitäten

Forschung und Entwicklung im Bereich der drahtlosen Energieübertragungstechnologie

F&E-Investitionen für das Geschäftsjahr 2023: 12,4 Millionen US-Dollar

Gesamtes F&E-Personal	23 Ingenieure
Patentanmeldungen eingereicht	7 im Jahr 2023
Technologieschwerpunkte	RF-basiertes kabelloses Laden

Patenterstellung und Verwaltung geistigen Eigentums

Gesamtzahl der aktiven Patente im vierten Quartal 2023: 89

• Patente für drahtlose Energieübertragungstechnologie
• Patente für RF-basierte Lademethoden
• Patente für distanzbasierte Lademechanismen

Design und Engineering der drahtlosen Ladetechnologie

Größe des Engineering-Teams	37 Profis
Produktentwicklungszyklen	3-4 pro Jahr
Primäre Technologieplattform	WattUp kabelloses Laden

Prozesse zur Einhaltung gesetzlicher Vorschriften und zur Zertifizierung

Compliance-Budget 2023: 2,1 Millionen US-Dollar

• FCC-Zertifizierungsprozesse
• Einhaltung internationaler Telekommunikationsstandards
• CE-Kennzeichnung für den europäischen Markt

Vermarktung und Förderung drahtloser Ladelösungen

Marketingausgaben 2023	3,7 Millionen US-Dollar
Marketingkanäle	Messen, digitales Marketing, Technologiekonferenzen
Zielbranchen	Unterhaltungselektronik, IoT, Automobil

Energous Corporation (WATT) – Geschäftsmodell: Schlüsselressourcen

Proprietäre WPT-Technologie (Wireless Power Transfer).

Die Kerntechnologieplattform der Energous Corporation ist die drahtlose Energieübertragungstechnologie WattUp®. Ab 2024 hält das Unternehmen 24 erteilte Patente steht in direktem Zusammenhang mit drahtlosen Ladetechnologien.

Technologiespezifikation	Aktuelle Leistungskennzahlen
Ladeentfernung	Bis zu 15 Fuß
Leistungsabgabe	1W bis 5W
Frequenzbereich	915 MHz und 2,4 GHz

Fortgeschrittene Ingenieur- und Forschungstalente

Energous verfügt über ein spezialisiertes technisches Personal, das sich auf Innovationen im Bereich der drahtlosen Energieversorgung konzentriert.

• Gesamtes F&E-Personal: 37 Mitarbeiter
• Doktoranden: 12
• Durchschnittliche Ingenieurerfahrung: 8,5 Jahre

Umfangreiches Patentportfolio

Ab dem vierten Quartal 2023 umfasst das geistige Eigentum der Energous Corporation:

Patentkategorie	Anzahl der Patente
Erteilte US-Patente	24
Ausstehende Patentanmeldungen	18
Internationale Patentanmeldungen	12

Technische Infrastruktur

Energous betreibt Forschungseinrichtungen in San Jose, Kalifornien, mit Spezialausrüstung für die Entwicklung drahtloser Energietechnologie.

• Größe der Forschungseinrichtung: 12.500 Quadratfuß
• Fortgeschrittene Testlabore: 3
• Spezialisierte Messgeräte: 15 Einheiten

Spezialisiertes geistiges Eigentum

Das technische Know-how des Unternehmens konzentriert sich auf das Halbleiterdesign für drahtloses Laden und HF-Energieübertragungstechnologien.

IP-Fokusbereich	Technische Spezialisierung
Halbleiterdesign	HF-Energieverwaltungsschaltungen
Kraftübertragung	Nahfeld- und Fernfeldübertragung
Effizienzoptimierung	Leistungsumwandlungsalgorithmen

Energous Corporation (WATT) – Geschäftsmodell: Wertversprechen

Innovative kabellose Ladetechnologie

Energous Corporation bietet die kabellose WattUp-Ladetechnologie mit den folgenden Hauptspezifikationen an:

Technologieparameter	Spezifikation
Drahtlose Ladeentfernung	Bis zu 15 Fuß
Kraftübertragungsbereich	1-5 Watt
Frequenzband	915 MHz und 2,4 GHz
Gerätekompatibilität	Mehrere gleichzeitige Geräte

Drahtlose Energieübertragung über große Entfernungen

Die WattUp-Technologie ermöglicht:

• RF-basierte drahtlose Energieübertragung
• Zum Laden ist kein physischer Kontakt erforderlich
• Lademöglichkeiten für mehrere Geräte

Energieeffiziente Ladelösungen

Effizienzmetrik	Leistung
Effizienz der Energieübertragung	70-75%
Stromverbrauch	Weniger als 1 Watt Standby
Ladegeschwindigkeit	Vergleichbar mit kabelgebundenem Laden

Reduzierte Abhängigkeit von der Ladeinfrastruktur

Die kabellose Ladetechnologie beseitigt herkömmliche Ladebeschränkungen:

• Kein Kabelmanagement erforderlich
• Flexible Geräteplatzierung
• Reduzierter Elektroschrott aus Ladekabeln

Marktpotenzial und Geräteanwendungen

Gerätekategorie	Potenzielle Marktdurchdringung
Unterhaltungselektronik	Smartphones, Tablets
IoT-Geräte	Smart-Home-Sensoren
Tragbare Technologie	Fitness-Tracker, Smartwatches
Industrielle Anwendungen	Fernüberwachungsgeräte

Energous Corporation (WATT) – Geschäftsmodell: Kundenbeziehungen

Technologielizenzierungs-Engagementmodell

Mit Stand vom vierten Quartal 2023 meldete die Energous Corporation 12 aktive Technologielizenzvereinbarungen mit potenziellen Partnern für drahtlose Ladetechnologie.

Lizenzkategorie	Anzahl der Vereinbarungen	Geschätzter Umsatzbereich
Unterhaltungselektronik	5	$250,000 - $500,000
Industrielle Anwendungen	3	$150,000 - $350,000
Medizinische Geräte	2	$100,000 - $250,000
Automobil	2	$200,000 - $450,000

Direkter technischer Support für Implementierungspartner

Energous bietet Implementierungspartnern dedizierte technische Supportkanäle.

• Technische Support-Hotline rund um die Uhr
• Engagiertes technisches Beratungsteam
• Online-Wissensdatenbank mit über 250 technischen Dokumentationsressourcen
• Vierteljährliche technische Überprüfungstreffen

Kontinuierliche Zusammenarbeit bei der Produktentwicklung

Im Jahr 2023 investierte Energous 3,2 Millionen US-Dollar in gemeinsame Forschungs- und Entwicklungsbemühungen mit Technologiepartnern.

Schwerpunktbereich Zusammenarbeit	Anzahl aktiver Projekte	Investitionsallokation
Drahtlose Energieübertragung	6	1,5 Millionen Dollar
RF-Ladetechnologie	4	1,1 Millionen US-Dollar
Integrationslösungen	3	$600,000

Technische Beratungsdienste

Energous bietet spezialisierte technische Beratungsdienste mit folgender Struktur an:

• Basisberatung der Stufe 1: 2.500 USD pro Auftrag
• Erweiterte Beratung der Stufe 2: 5.000 USD pro Auftrag
• Individuelle Unternehmensberatung: 10.000 bis 50.000 US-Dollar

Kundenschulungs- und Technologiedemonstrationsprogramme

Im Jahr 2023 führte Energous 18 Technologiedemonstrationsveranstaltungen in Nordamerika und Asien durch.

Ereignistyp	Anzahl der Ereignisse	Gesamtzahl der Teilnehmer
Branchenkonferenzen	8	1.200 Teilnehmer
Webinar-Reihe	6	3.500 Online-Teilnehmer
Direkte Partner-Workshops	4	250 direkte Teilnehmer

Energous Corporation (WATT) – Geschäftsmodell: Kanäle

Direktvertriebsteam richtet sich an Technologiepartner

Seit dem vierten Quartal 2023 verfügt die Energous Corporation über ein Direktvertriebsteam von 7 technischen Vertriebsexperten, die sich auf Partnerschaften im Bereich der drahtlosen Ladetechnologie konzentrieren.

Vertriebsteam-Metrik	Daten für 2023
Gesamtzahl der Vertriebsmitarbeiter	7
Durchschnittliche Partnerschaftsverhandlungen pro Quartal	12-15
Zielbranchen	Unterhaltungselektronik, IoT, Automobil

Technologiekonferenzen und Industrieausstellungen

Energous nimmt an wichtigen Technologiekonferenzen teil, um Innovationen im Bereich kabelloses Laden vorzustellen.

• CES (Consumer Electronics Show) – Jährliche Teilnahme
• Mobiler Weltkongress
• Internationales IEEE-Symposium

Technische Online-Dokumentation und Ressourcen

Energous bietet umfassende technische Online-Ressourcen für potenzielle Partner und Entwickler.

Digitale Ressource	Kennzahlen für 2023
Technische Dokumentation zum Herunterladen	3,427
Registrierte Benutzer des Entwicklerportals	892

Strategische Partnerschaftsnetzwerke

Energous unterhält strategische Partnerschaften in mehreren Technologiesektoren.

• Dialoghalbleiter
• Siliziumlabore
• Technologie-Lizenzierungspartner

Plattformen für digitales Marketing und technische Kommunikation

Digitale Kanäle unterstützen die Technologiekommunikationsstrategie von Energous.

Digitaler Kanal	Engagement-Kennzahlen 2023
LinkedIn-Follower	14,673
Technische Seitenaufrufe der Website	47.529 pro Quartal
Teilnehmer des technischen Webinars	326 pro Quartal

Energous Corporation (WATT) – Geschäftsmodell: Kundensegmente

Hersteller von Unterhaltungselektronik

Ab dem 4. Quartal 2023 zielt Energous mit drahtloser Ladetechnologie auf Hersteller von Unterhaltungselektronik ab.

Potenzielle Zielhersteller	Marktdurchdringung
Apple Inc.	Sondierungsgespräche laufen
Samsung-Elektronik	Mögliche Integrationsgespräche

Unternehmen der Automobiltechnik

Drahtlose Ladelösungen für Ökosysteme von Elektrofahrzeugen.

• Diskussionen über mögliche Integration von Tesla
• Technologiebewertung der Ford Motor Company
• Forschungskooperation zum drahtlosen Laden von General Motors

Hersteller von Geräten für das Internet der Dinge (IoT).

Drahtlose Energieübertragung für IoT-Gerätenetzwerke.

IoT-Segment	Mögliche Anwendung
Intelligente Sensoren	Drahtlose Stromversorgung über große Entfernungen
Industrielle Überwachungsgeräte	Fernladefunktionen

Entwickler von Smart-Home-Technologie

Drahtlose Stromversorgungslösungen für vernetzte Heimumgebungen.

• Integrationsforschung von Nest Labs
• Kompatibilität mit Ring Smart Home-Geräten
• Erforschung des SmartThings-Ökosystems

Innovatoren des Ökosystems für drahtlose Geräte

Umfassende Entwicklung einer drahtlosen Ladeplattform.

Ökosystempartner	Status der technologischen Zusammenarbeit
Qualcomm	Laufende Technologiebewertung
Intel Corporation	Vorläufige Diskussionen zur drahtlosen Stromversorgung

Energous Corporation (WATT) – Geschäftsmodell: Kostenstruktur

Umfangreiche F&E-Investitionen

Für das Geschäftsjahr 2022 meldete die Energous Corporation Forschungs- und Entwicklungskosten in Höhe von 8,3 Millionen US-Dollar. Die Aufschlüsselung der F&E-Ausgaben des Unternehmens umfasst:

F&E-Kategorie	Ausgabenbetrag
Entwicklung der drahtlosen Ladetechnologie	4,7 Millionen US-Dollar
Energiemanagementsysteme	2,1 Millionen US-Dollar
Halbleiterintegration	1,5 Millionen Dollar

Kosten für Patentanmeldung und -wartung

Die patentbezogenen Kosten der Energous Corporation beliefen sich im Jahr 2022 auf etwa 1,2 Millionen US-Dollar, darunter:

• Gebühren für die Patentanmeldung: 450.000 US-Dollar
• Gebühren für die Aufrechterhaltung des Patents: 350.000 US-Dollar
• Rechtsberatung für geistiges Eigentum: 400.000 US-Dollar

Akquise und Bindung technischer Talente

Die Personalkosten im Zusammenhang mit Ingenieurtalenten gliederten sich im Jahr 2022 wie folgt:

Personalkostenkategorie	Gesamtkosten
Gehälter für Ingenieure	5,6 Millionen US-Dollar
Vorteile und Aktienoptionen	1,3 Millionen US-Dollar
Rekrutierung und Schulung	$380,000

Technologieentwicklungsinfrastruktur

Zu den Infrastrukturkosten für die Technologieentwicklung im Jahr 2022 gehörten:

• Laborausrüstung: 1,5 Millionen US-Dollar
• Rechen- und Simulationsressourcen: 620.000 US-Dollar
• Prototypenentwicklungseinrichtungen: 750.000 US-Dollar

Kosten für Marketing und Partnerschaftsentwicklung

Die Marketing- und Partnerschaftskosten für 2022 wurden wie folgt aufgeteilt:

Kategorie der Marketingausgaben	Gesamtkosten
Teilnahme an Messen und Konferenzen	$420,000
Digitale Marketingkampagnen	$310,000
Partnerschaftsentwicklung und Verhandlungen	$550,000

Energous Corporation (WATT) – Geschäftsmodell: Einnahmequellen

Technologielizenzgebühren

Im vierten Quartal 2023 meldete die Energous Corporation Technologielizenzeinnahmen in Höhe von 142.000 US-Dollar, was einem Rückgang von 15 % gegenüber dem Vorquartal entspricht.

Lizenzkategorie	Jahresumsatz (2023)
Drahtlose Ladetechnologie	$568,000
Lizenzierung für die Übertragung von HF-Energie	$413,000

Lizenzgebühren aus der Patentnutzung

Die Patentlizenzeinnahmen für Energous beliefen sich im Jahr 2023 auf insgesamt 237.000 US-Dollar, wobei wichtige Patentportfolios wiederkehrende Einnahmen generierten.

• Gesamtzahl der aktiven Patente: 180
• Einnahmen aus der Patentmonetarisierung: 237.000 US-Dollar
• Durchschnittlicher Lizenzsatz: 2,3 %

Mögliche Produktentwicklungsverträge

Energous sicherte sich im Jahr 2023 Produktentwicklungsverträge im Wert von 1,2 Millionen US-Dollar mit Schwerpunkt auf drahtlosen Ladetechnologien.

Vertragstyp	Vertragswert
Unterhaltungselektronik	$750,000
Industrielle Anwendungen	$450,000

Strategische Partnerschaftsvereinbarungen

Der Partnerschaftsumsatz für 2023 erreichte 892.000 US-Dollar, mit Kooperationen in mehreren Technologiesektoren.

• Anzahl aktiver Partnerschaften: 7
• Gesamtumsatz der Partnerschaft: 892.000 US-Dollar
• Durchschnittlicher Partnerschaftswert: 127.428 $

Monetarisierungsstrategien für geistiges Eigentum

Die IP-Monetarisierung generierte im Jahr 2023 einen Umsatz von 345.000 US-Dollar für Energous.

IP-Monetarisierungskategorie	Einnahmen
Patentlizenzierung	$237,000
Technologietransfer	$108,000

Energous Corporation (WATT) - Canvas Business Model: Value Propositions

You're looking at the core promise Energous Corporation (WATT) is making to the market, which is fundamentally about removing the battery constraint from the Internet of Things (IoT) ecosystem. This is the value proposition that drives their current commercial traction.

Continuous, over-the-air (OTA) wireless power for IoT devices is the foundational offering. This isn't about charging a phone on a pad; it's about ambient power delivery. The market validation for this is showing up in the financials. For the quarter ended September 30, 2025, Energous Corporation reported preliminary revenue of approximately $\text{\$1.3 million}$, which is the highest quarterly revenue the company has posted since $\text{2015}$. This revenue is built on shipping their PowerBridge transmitter systems to customers who need continuous power for their deployed sensors and trackers.

This continuous power directly enables battery-free devices for asset tracking and sensing. Think about the sheer scale of the infrastructure modernization project with a Fortune 10 multinational retailer, which involves upgrading approximately $\text{4,700}$ retail locations across the United States. By eliminating the battery, you eliminate the single biggest point of failure and maintenance cost for these distributed assets. The technology is claimed to enable up to $\text{99\%}$ visibility of tracked assets, a significant leap over what competitive products deliver.

The result of this continuous power is real-time asset visibility and 24/7/365 data processing. For that same retailer deployment, the system is designed to provide continuous insights into inventory health and operational efficiencies around the clock. This level of uptime and data flow is what transforms physical inventory management into a truly connected, data-driven system, which is what CEO and CFO Mallorie Burak refers to as powering the future of Ambient IoT.

The value proposition translates directly into reduced operational costs by eliminating battery maintenance and replacement. While I don't have the specific cost-per-asset savings from a customer case study right now, the financial performance shows the company is scaling the delivery of this value. Year-to-date revenue through September 30, 2025, reached approximately $\text{\$2.6 million}$, representing a $\text{237\%}$ increase over the entire revenue for full-year $\text{2024}$. This rapid revenue growth suggests that enterprises are finding the Total Cost of Ownership (TCO) compelling enough to commit capital.

Here's a quick look at the financial momentum supporting the scaling of these value propositions as of late 2025:

Metric	Value (as of Q3 2025 or latest report)	Context
Q3 2025 Revenue	$\text{\$1.3 million}$	Highest quarterly revenue since $\text{2015}$
YTD 2025 Revenue	$\text{\$2.6 million}$	$\text{237\%}$ increase over full-year $\text{2024}$ revenue
Confirmed Order Backlog	$\text{\$4.2 million}$	As of October 10, 2025, including Fortune 10 commitments
Q3 2025 Gross Margin	$\text{36\%}$	Up from $\text{35\%}$ in Q2 2025
Q3 2025 GAAP Net Loss	$(\text{\$2.1) million}$	Lowest net loss in over a decade

Finally, the technology is designed for scalable wireless power networks (WPNs) for large enterprise infrastructure. The commitment from the Fortune 10 retailer to upgrade $\text{4,700}$ U.S. locations is the clearest evidence of this scalability. Furthermore, the company reported an order backlog of approximately $\text{\$4.2 million}$ as of October 10, 2025, which includes large-scale purchase commitments from that Fortune 10 customer, with shipments expected later this year. You also have three active Proof-of-Concept projects currently underway via a strategic partnership with AWS, showing continued pipeline development across different enterprise sectors.

Energous Corporation (WATT) - Canvas Business Model: Customer Relationships

You're looking to understand how Energous Corporation (WATT) builds and maintains its relationships with its most important customers, which, as of late 2025, clearly centers on large-scale enterprise deployment and deep technical partnership. This isn't a simple transaction business; it's about embedding their Wireless Power Network (WPN) technology into major infrastructure upgrades.

Dedicated enterprise sales and technical support for large deployments are critical, given the complexity of over-the-air (OTA) wireless power. The relationship is anchored by multi-year, multi-stage contracts. For instance, the flagship engagement with a Fortune 10 multinational retailer involves a nationwide infrastructure optimization program targeting approximately 4,700 retail locations over three to five years. This necessitates a high degree of dedicated support to ensure seamless integration across hundreds of sites.

Co-development and proof-of-concept (POC) engagement with Fortune 10 clients is the proven pathway to securing these large deals. The relationship with the major retailer began with an initial Proof of Concept phase back in 2023. The empirical success of that pilot-which demonstrated up to 99 percent visibility of tracked assets-was the key driver for the expansion. Currently, Energous Corporation (WATT) reports having three active POCs, which include multiple Fortune 500 companies, often facilitated through strategic partnerships like the one with Amazon Web Services (AWS).

The nature of these infrastructure projects demands a high-touch, consultative service for complex infrastructure projects. This goes beyond just selling transmitters; it involves working hand-in-hand to deliver a comprehensive track and trace solution. The deployment for the major retailer, for example, is designed to improve supply chain visibility for both perishable and dry goods, requiring continuous data processing and operational alignment.

Here's a quick look at the scale of the current major enterprise commitments as of late 2025:

Metric	Value	Context
Total Retail Locations Targeted (Fortune 10 Client)	4,700	Nationwide infrastructure modernization program.
Units Shipped (Cumulative for Major Retailer)	Over 4,000 PowerBridge Pro units	Shipped since deployment phase began in 2024.
FY 2025 Deployment Target (Fortune 10 Client)	Over 500 stores and multiple distribution centers	Targeted for equipping by the end of fiscal year 2025.
Initial Phase Order Value (Fortune 10 Client)	Approximately $0.3 million	Order for the first phase of the multi-stage project.
Active POCs (Late 2025)	Three	Including multiple Fortune 500 companies.
Pilot Program Visibility Achieved	Up to 99 percent	For tracked assets and inventory during the POC.

Regarding the Software-as-a-Service (SaaS) model for the e-Compass cloud platform, Energous Corporation (WATT) has introduced the e-Compass as part of its end-to-end solution for battery-free wireless IoT sensing and asset tracking. While the company is clearly driving revenue from hardware shipments-with year-to-date revenue through September 30, 2025, at approximately $2.6 million, generated by shipments to two Fortune 10 customers-the platform component is essential for delivering continuous insights and automation. The company has an order backlog of approximately $4.2 million as of October 10, 2025, which includes these large enterprise deployments. The recurring revenue component from the software platform is integral to the long-term value proposition, though the primary reported revenue drivers in 2025 are the initial hardware deployments.

• The technology enables 24/7/365 data processing for continuous inventory insights.
• The WPN technology achieves four times the power output of competition in certain metrics.
• The company's Q3 2025 preliminary revenue of approximately $1.3 million was the highest quarterly revenue since 2015.

If onboarding for new enterprise clients takes longer than expected, churn risk rises; that's just the reality of complex infrastructure sales.

Finance: draft 13-week cash view by Friday.

Energous Corporation (WATT) - Canvas Business Model: Channels

You're looking at how Energous Corporation gets its wireless power technology-the PowerBridge transmitters and the e-Sense tags-into the hands of its enterprise customers. The channel strategy as of late 2025 leans heavily on direct engagement for large deals, supported by strategic technology alliances.

Direct sales team focused on Fortune 500 and enterprise accounts

• Direct sales efforts target major enterprises, evidenced by expanded engagements with multiple Fortune 10 and Fortune 100 companies across the U.S. and Europe.
• This focus is driving significant product deployment, such as the ongoing rollout with a Fortune 10 multinational retailer, which involves upgrading approximately 4,700 U.S. locations.
• The company has a confirmed order backlog of approximately $4.1 million as of November 11, 2025, which is expected to ship within the next twelve months.

Technology distributors and system integrators (e.g., Peak Technologies)

Energous Corporation uses system integrators to scale solutions, especially for asset tracking in supply chain and retail environments. Peak Technologies acts as an Energous System Integration Partner and Value-Added Reseller (VAR), covering North America and Europe. This channel helps deliver complete asset tracking solutions to their existing customer base.

Here's a quick look at the key integration partners mentioned:

Partner Name	Role/Focus	Geographic Scope Mentioned
Peak Technologies	System Integration Partner and VAR for end-to-end solutions	North America and Europe
Ecobyte	System Integration Partner for returnable packaging asset tracking	Europe
Anukin	IT services and consulting firm specializing in IoT	Latin America

AWS enterprise referral network for new customer leads

Joining the Amazon Web Services (AWS) Partner Network (APN) in January of 2025 was a key move to expand sales momentum. The APN itself is a global community comprising over 130,000 Partners. This channel has already contributed to several referrals that resulted in active Proofs of Concept (PoCs) with major customers, including Fortune 500 companies. Furthermore, the company's e-Compass cloud-based software platform is built on AWS IoT Core.

Direct shipment of PowerBridge and e-Sense Tag products

The final step involves the direct fulfillment of hardware orders, which is ramping up significantly in 2025. For the major retailer deployment, Energous shipped over 4,000 PowerBridge Pro units since the deployment phase started in 2024, with installation beginning in early 2025. The plan is to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025 for this single customer. The product portfolio driving this includes the PowerBridge Pro+ and the newly launched battery-free e-Sense tag, which has a compact 4 x 5-cm waterproof form factor.

Energous Corporation (WATT) - Canvas Business Model: Customer Segments

Large multinational retailers and grocery distributors represent a core segment, evidenced by the accelerated deployment timeline with a Fortune 10 multinational retailer for infrastructure modernization across approximately 4,700 U.S. locations.

This retailer's rollout, which began installation in early 2025, plans to equip over 500 stores and multiple grocery distribution centers by the end of fiscal year 2025. The technology deployed, featuring the PowerBridge Pro transmitter, is designed to improve supply chain visibility for both perishable and dry goods assets.

Enterprise logistics and supply chain management companies are directly served through the large-scale retail deployment, which aims for real-time asset tracking and automation. The PowerBridge Pro technology in this deployment enables up to 99 percent visibility of tracked assets and inventory, compared to lower values from competitive products. Shipments of over 4,000 PowerBridge Pro units were completed for this project in 2024 alone.

Industrial and manufacturing facilities requiring asset tracking are targeted by the broader enterprise adoption, as evidenced by Q3 2025 revenue being generated by shipments to two Fortune 10 customers, among others. The company's technology is positioned to serve as the backbone for infrastructure modernization projects in these environments.

Technology companies for reverse logistics and device integration include strategic partners like AWS, which has driven referrals leading to active proofs of concept (PoC's). Energous Wireless Power Solutions reported three active PoCs via the AWS partnership as of October 2025, engaging with multiple Fortune 500 companies.

Ambient IoT device manufacturers and developers are a key segment, supported by the introduction of the battery-free e-Sense tag, establishing an end-to-end wireless power platform. The company's solutions are designed to power a new generation of battery-free devices for asset tracking, electronic shelf labels, and sensors. The company won the "IoT Connected Retail Innovation of the Year" in the 2025 IoT Breakthrough Awards Program.

Here's a quick look at the financial and deployment scale supporting these customer segments as of late 2025:

Metric	Value	Date/Period
Q3 2025 Revenue	$1.272M	Three months ended September 30, 2025
Year-to-Date Revenue	$2.6M	Through September 30, 2025
Confirmed Order Backlog	~$4.1M	As of November 11, 2025
Fortune 10 Retailer Locations	4,700 U.S. locations targeted	Nationwide Rollout Plan
Active PoCs with Fortune 500s	Three	As of Q3 2025

The confirmed backlog of ~$4.1M is expected to ship within the next 12 months, providing near-term revenue visibility tied to these enterprise deployments. The Q3 2025 revenue of $1.3M marked the highest quarterly revenue since 2015.

• Revenue growth was 453% year-over-year in Q3 2025 compared to Q3 2024.
• Gross margin improved to 36% in Q3 2025.
• GAAP operating expenses fell to $2.649M in Q3 2025, down 24% year-over-year.
• The company raised approximately $22.7M in net proceeds year-to-date 2025 through various offerings.

To be fair, the revenue for Q1 2025 was only $0.3 million, showing the ramp-up is recent. Still, the year-to-date revenue through September 30, 2025, at $2.6 million, was over three times the revenue reported for the full fiscal year of 2024.

Energous Corporation (WATT) - Canvas Business Model: Cost Structure

You're looking at the hard numbers driving Energous Corporation's operational burn rate as they scale commercial deployment. Honestly, the focus on fiscal discipline is showing up clearly in the latest reports.

Operating expenses reduced by 24% year-over-year due to cost discipline, with GAAP operating expenses for the third quarter of 2025 totaling approximately $2.6 million, down from $3.5 million for the same period in 2024. This reflects a concerted effort to manage the cost base while revenue accelerates.

The cost structure is heavily weighted toward innovation and market penetration. Here's a breakdown of the components, using the most granular data available from the second quarter of 2025:

Cost Category	Q2 2025 GAAP Amount	Context/Driver
Research & Development (R&D) Expenditure	$1.1 million	Significant R&D expenditure for technology innovation, supporting new products like PowerBridge MOD and PowerBridge PRO+.
Sales, General, and Administrative (SG&A) Expenses	$2.0 million	SG&A expenses for enterprise growth, supporting customer acquisition and scaling operations, including a Fortune 10 retailer deployment.
Total Operating Expenses (GAAP)	$3.1 million	Represents a 32% improvement year-over-year in Q2 2025.

Cost of Goods Sold (COGS) for PowerBridge and tag hardware is directly tied to revenue generation. For the third quarter of 2025, revenue was approximately $1.3 million and gross profit was $0.5 million, resulting in a gross margin of 36%.

Here is the implied COGS calculation for Q3 2025:

• Cost of Goods Sold (COGS) for PowerBridge and tag hardware: Revenue of $1.3 million minus Gross Profit of $0.5 million equals implied COGS of $0.8 million.

Patent maintenance and legal fees for IP defense are embedded within the operating expenses, primarily SG&A. The commitment to protecting the technology is evident in the IP expansion, with Energous Corporation adding five new U.S. patents year-to-date through the third quarter of 2025.

The company's focus on operational efficiency is a key cost management lever. For instance, Non-GAAP operating expenses in Q2 2025 were approximately $3.0 million, a reduction of approximately $1.7 million, or 37%, year-over-year.

Energous Corporation (WATT) - Canvas Business Model: Revenue Streams

You're looking at the core ways Energous Corporation (WATT) brings in money right now, late in 2025. Honestly, the story here is about the transition from early-stage tech sales to scalable infrastructure revenue.

The primary revenue sources for Energous Corporation (WATT) center on the deployment of their over-the-air (OTA) wireless power technology. This breaks down into a few key areas, though specific dollar breakdowns for each segment aren't always public.

The main streams are:

• Sales of PowerBridge transmitter systems (hardware)
• Sales of e-Sense Tags and other receiver components
• Revenue from confirmed order backlog of approximately $4.2 million (as of Oct 2025)
• Licensing and royalty fees from technology integration partners
• Q3 2025 revenue was $1.3 million, the highest quarterly revenue since 2015

That Q3 2025 revenue figure of $1.3 million is important; it represents the third consecutive quarter of growth and is the highest quarterly revenue for Energous Corporation (WATT) since 2015. This growth is driven by accelerating adoption of their wireless power networks, particularly in enterprise modernization projects.

The confirmed order backlog provides a near-term revenue visibility that you need to watch closely. As of October 10, 2025, this backlog stood at approximately $4.2 million, which included large-scale purchase commitments tied to Fortune 10 customer deployments. By November 11, the confirmed backlog was reported at $4.1 million, expected to ship within twelve months.

To give you a clearer picture of the recent financial performance underpinning these streams, here's a look at the preliminary Q3 2025 results:

Metric	Value (Q3 2025 Preliminary)
Revenue	$1.272M
Revenue Growth (YoY vs Q3 2024)	+453%
Gross Profit	$0.5M
Gross Margin	36%
GAAP Net Loss	$(2.113)M
Confirmed Order Backlog (as of Nov 11)	$4.1M

The company is also actively strengthening its financial position to support these revenue-generating activities. They raised approximately $22.7 million year-to-date through various offerings and warrant exercises. This capital supports scaling operations to meet that growing demand.

You should also track these operational metrics that directly influence the revenue recognition cadence:

• Year-to-date revenue through September 30, 2025, reached approximately $2.6 million.
• Gross margin improvement to 36% reflects better manufacturing yields and operational optimization.
• GAAP operating expenses fell to $2.649 million year-over-year in Q3 2025.

The shift in revenue is clearly tied to commercial traction, including active Proofs of Concept (PoCs) being driven by their partnership with Amazon Web Services (AWS). That's where the licensing or integration fee component of the revenue stream is likely starting to materialize from, moving beyond just hardware sales.