Energous Corporation (WATT): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage en évolution rapide de la technologie de puissance sans fil, Energous Corporation (WATT) émerge comme un innovateur révolutionnaire, ce qui remet en question les paradigmes de charge traditionnels avec ses solutions révolutionnaires de transmission de puissance sans fil. En réinventant la façon dont les appareils reçoivent de l'énergie - élimination des câbles, élargissant les gammes de transmission et créant des écosystèmes de charge transparents - Watt est prêt à transformer plusieurs industries, de l'électronique grand public aux secteurs automobile et IoT. Leur toile de modèle commercial unique révèle une approche stratégique qui mélange l'innovation technologique de pointe, la gestion de la propriété intellectuelle robuste et les partenariats visionnaires conçus pour perturber les mécanismes de prestation d'électricité conventionnels.

Energous Corporation (WATT) - Modèle d'entreprise: partenariats clés

Fabricants de semi-conducteurs pour la technologie de charge sans fil

Energous a établi des partenariats avec des fabricants de semi-conducteurs pour développer une technologie de charge sans fil. Depuis 2024, les détails spécifiques du partenaire incluent:

Partenaire	Focus technologique	Statut de collaboration
Semi-conducteur de dialogue	Transfert d'alimentation sans fil basé sur RF	Partenariat actif
Qualcomm	Intégration de charge sans fil	Collaboration sur les licences technologiques

Partenaires de licence de technologie dans l'électronique grand public

Energous a développé des accords de licence avec les principaux partenaires de l'électronique grand public:

• Apple Inc. - Exploration de technologie de charge sans fil potentielle
• Samsung Electronics - Évaluation de la technologie de transfert d'énergie sans fil
• Xiaomi Corporation - Évaluation des technologies de charge sans fil

Institutions de recherche développant des solutions de transfert d'énergie sans fil

Les partenariats de recherche collaborative comprennent:

Institution	Focus de recherche	Détails de collaboration
Université de Stanford	Transfert d'alimentation sans fil à longue portée	Partenariat de recherche en cours
Mit	Transmission de puissance basée sur RF	Collaboration du développement technologique

Alliances stratégiques avec des fabricants d'appareils sans fil

Energous a des partenariats stratégiques avec les fabricants d'appareils sans fil:

• Zagg Inc. - Développement d'accessoires de charge sans fil
• Anker Innovations - Intégration de technologie de transfert d'énergie sans fil

Partenariats OEM potentiels dans les secteurs automobile et IoT

Partenariats émergents dans les secteurs automobile et IoT:

Secteur	Partenaires potentiels	Application technologique
Automobile	Tesla	Infrastructure de charge sans fil
IoT	Systèmes Cisco	Solutions d'alimentation sans fil à longue portée

Energous Corporation (WATT) - Modèle d'entreprise: activités clés

Recherche et développement technologiques de transmission de puissance sans fil

Investissement de R&D pour l'exercice 2023: 12,4 millions de dollars

Personnel total de R&D	23 ingénieurs
Demandes de brevet déposées	7 en 2023
Domaines d'intervention technologique	Charge sans fil basée sur RF

Création de brevets et gestion de la propriété intellectuelle

Brevets actifs totaux auprès du quatrième trimestre 2023: 89

• Brevets de technologie de transfert d'énergie sans fil
• Brevets de méthode de charge basés sur RF
• Brevets de mécanisme de charge à distance

Conception et ingénierie de la technologie de charge sans fil

Taille de l'équipe d'ingénierie	37 professionnels
Cycles de développement de produits	3-4 par an
Plateforme technologique primaire	Charge sans fil wattup

Processus de conformité réglementaire et de certification

Budget de conformité 2023: 2,1 millions de dollars

• Processus de certification FCC
• Conformité des normes internationales des télécommunications
• CE Marquage pour le marché européen

Marketing et promotion des solutions de charge sans fil

Dépenses de marketing 2023	3,7 millions de dollars
Canaux de commercialisation	Salons professionnels, marketing numérique, conférences technologiques
Industries cibles	Électronique grand public, IoT, automobile

Energous Corporation (WATT) - Modèle d'entreprise: Ressources clés

Technologie de transfert de puissance sans fil propriétaire (WPT)

La plate-forme technologique principale d'Energous Corporation est la technologie de transfert de puissance sans fil WATPUP®. Depuis 2024, la société détient 24 brevets délivrés directement lié aux technologies de charge sans fil.

Spécifications technologiques	Métriques de performance actuelles
Distance de charge	Jusqu'à 15 pieds
Sortie	1W à 5W
Gamme de fréquences	915 MHz et 2,4 GHz

Advanced Engineering and Research Talent

Energous maintient une main-d'œuvre technique spécialisée axée sur l'innovation de l'énergie sans fil.

• Personnel total de R&D: 37 employés
• Ingénieurs de doctorat: 12
• Expérience d'ingénierie moyenne: 8,5 ans

Portefeuille de brevets étendus

Au quatrième trimestre 2023, la propriété intellectuelle de Energous Corporation comprend:

Catégorie de brevet	Nombre de brevets
Nous a délivré des brevets	24
Demandes de brevet en instance	18
Déposages de brevets internationaux	12

Infrastructure technique

Energous exploite des installations de recherche à San Jose, en Californie, avec des équipements spécialisés pour le développement de la technologie d'énergie sans fil.

• Taille de l'installation de recherche: 12 500 pieds carrés
• Laboratoires de test avancés: 3
• Équipement de mesure spécialisé: 15 unités

Propriété intellectuelle spécialisée

L'expertise technique de l'entreprise est concentrée dans la conception de semi-conducteurs de charge sans fil et les technologies de transmission de puissance RF.

Zone de mise au point IP	Spécialisation technique
Conception de semi-conducteurs	Circuits de gestion de l'alimentation RF
Transfert d'énergie	Transmission en champ proche et en champ lointain
Optimisation de l'efficacité	Algorithmes de conversion de puissance

Energous Corporation (WATT) - Modèle d'entreprise: propositions de valeur

Technologie de charge sans fil innovante

Energous Corporation propose une technologie de charge sans fil WATTUP avec les spécifications clés suivantes:

Paramètre technologique	Spécification
Distance de charge sans fil	Jusqu'à 15 pieds
Plage de transmission de puissance	1-5 watts
Bande de fréquence	915 MHz et 2,4 GHz
Compatibilité des appareils	Plusieurs appareils simultanés

Transmission d'alimentation sans fil à longue portée

La technologie WATUP permet:

• Transmission d'alimentation sans fil basée sur RF
• Aucun contact physique requis pour la charge
• Capacités de charge multi-appareils

Solutions de charge économes en énergie

Métrique d'efficacité	Performance
Efficacité du transfert d'énergie	70-75%
Consommation d'énergie	Moins de 1 watt veille
Vitesse de chargement	Comparable à la charge filaire

Réduction de la dépendance aux infrastructures de charge

La technologie de charge sans fil élimine les contraintes de charge traditionnelles:

• Aucune gestion du câble requise
• Placement de l'appareil flexible
• Réduction des déchets électroniques des câbles de charge

Potentiel de marché et applications de l'appareil

Catégorie d'appareil	Pénétration potentielle du marché
Électronique grand public	Smartphones, tablettes
Appareils IoT	Capteurs de maison intelligente
Technologie portable	Trackers de fitness, montres intelligentes
Applications industrielles	Équipement de surveillance à distance

Energous Corporation (WATT) - Modèle d'entreprise: relations clients

Modèle d'engagement des licences technologiques

Depuis le quatrième trimestre 2023, Energous Corporation a signalé 12 accords de licence de technologie active avec des partenaires de technologie de charge sans fil potentiels.

Catégorie de licence	Nombre d'accords	Gamme de revenus estimée
Électronique grand public	5	$250,000 - $500,000
Applications industrielles	3	$150,000 - $350,000
Dispositifs médicaux	2	$100,000 - $250,000
Automobile	2	$200,000 - $450,000

Support technique direct pour les partenaires de mise en œuvre

Energous fournit des canaux de support technique dédiés aux partenaires de mise en œuvre.

• Hotline de support technique 24/7
• Équipe de consultation d'ingénierie dédiée
• Base de connaissances en ligne avec plus de 250 ressources de documentation technique
• Réunions de révision technique trimestrielle

Collaboration de développement de produits en cours

En 2023, Energous a investi 3,2 millions de dollars dans les efforts de recherche et de développement collaboratifs avec des partenaires technologiques.

Zone de mise au point de collaboration	Nombre de projets actifs	Allocation des investissements
Transfert d'alimentation sans fil	6	1,5 million de dollars
Technologie de recharge RF	4	1,1 million de dollars
Solutions d'intégration	3	$600,000

Services de consultation technique

Energous propose des services de consultation technique spécialisés avec la structure suivante:

• Consultation de base de niveau 1: 2 500 $ par engagement
• Consultation avancée de niveau 2: 5 000 $ par engagement
• Consultation en entreprise personnalisée: 10 000 $ - 50 000 $

Programmes d'éducation client et de démonstration technologique

En 2023, Energous a organisé 18 événements de démonstration technologique à travers l'Amérique du Nord et l'Asie.

Type d'événement	Nombre d'événements	Total des participants
Conférences de l'industrie	8	1 200 participants
Webinaire Series	6	3 500 participants en ligne
Ateliers de partenaire direct	4	250 participants directs

Energous Corporation (WATT) - Modèle d'entreprise: canaux

Équipe de vente directe ciblant les partenaires technologiques

Depuis le quatrième trimestre 2023, Energous Corporation maintient une équipe de vente directe de 7 professionnels de la vente technique axés sur les partenariats technologiques de charge sans fil.

Métrique de l'équipe de vente	2023 données
Représentants des ventes totales	7
Négociations moyennes de partenariat par trimestre	12-15
Industries cibles	Électronique grand public, IoT, automobile

Conférences technologiques et expositions de l'industrie

Energous participe à des conférences de technologies clés pour présenter les innovations de charge sans fil.

• CES (Consumer Electronics Show) - Participation annuelle
• Congrès mondial mobile
• Symposium international IEEE

Documentation technique en ligne et ressources

Energous fournit des ressources techniques en ligne complètes pour les partenaires et les développeurs potentiels.

Ressource numérique	2023 métriques
Téléchargements de documentation technique	3,427
Utilisateurs enregistrés du portail des développeurs	892

Réseaux de partenariat stratégiques

Energous maintient des partenariats stratégiques dans plusieurs secteurs technologiques.

• Semi-conducteur de dialogue
• Laboratoires en silicium
• Partenaires de licence de technologie

Plateformes de marketing numérique et de communication technique

Les canaux numériques soutiennent la stratégie de communication technologique énergique.

Canal numérique	2023 Métriques d'engagement
LinkedIn adepte	14,673
View de pages techniques sur le site Web	47 529 par trimestre
Participants au webinaire technique	326 par trimestre

Energous Corporation (WATT) - Modèle d'entreprise: segments de clientèle

Fabricants d'électronique grand public

Depuis le quatrième trimestre 2023, Energous cible les fabricants d'électronique grand public avec une technologie de charge sans fil.

Fabricants cibles potentiels	Pénétration du marché
Apple Inc.	Discussions exploratoires en cours
Samsung Electronics	Discussions d'intégration potentielles

Entreprises technologiques automobiles

Solutions de charge sans fil pour les écosystèmes de véhicules électriques.

• Discussions d'intégration potentielle de Tesla
• Évaluation de la technologie Ford Motor Company
• Collaboration de recherche sur la charge sans fil General Motors

Producteurs d'appareils Internet des objets (IoT)

Transmission d'alimentation sans fil pour les réseaux de périphériques IoT.

Segment IoT	Application potentielle
Capteurs intelligents	Puissance sans fil à longue portée
Dispositifs de surveillance industrielle	Capacités de charge à distance

Développeurs de technologies de maison intelligente

Solutions d'alimentation sans fil pour les environnements domestiques connectés.

• Recherche d'intégration des laboratoires Nest
• Ring Smart Home Device Compatibilité
• Exploration de l'écosystème de SmartThings

Innovateurs d'écosystème de l'appareil sans fil

Développement complet de la plate-forme de charge sans fil.

Partenaire d'écosystème	Statut de collaboration technologique
Qualcomm	Évaluation de la technologie en cours
Intel Corporation	Discussions préliminaires de l'alimentation sans fil

Energous Corporation (WATT) - Modèle d'entreprise: Structure des coûts

Investissement étendu de R&D

Pour l'exercice 2022, Energous Corporation a déclaré des dépenses de R&D de 8,3 millions de dollars. La répartition des dépenses de R&D de l'entreprise comprend:

Catégorie de R&D	Montant des dépenses
Développement de technologie de charge sans fil	4,7 millions de dollars
Systèmes de gestion de l'énergie	2,1 millions de dollars
Intégration des semi-conducteurs	1,5 million de dollars

Frais de dépôt de brevets et d'entretien

Les coûts liés aux brevets d'Energous Corporation pour 2022 ont totalisé environ 1,2 million de dollars, ce qui comprend:

• Frais de demande de brevet: 450 000 $
• Frais d'entretien des brevets: 350 000 $
• Consultation juridique pour la propriété intellectuelle: 400 000 $

Acquisition et rétention des talents d'ingénierie

Les frais de personnel liés aux talents d'ingénierie en 2022 ont été structurés comme suit:

Catégorie de coût du personnel	Dépenses totales
Salaires du personnel d'ingénierie	5,6 millions de dollars
Avantages et options d'achat d'actions	1,3 million de dollars
Recrutement et formation	$380,000

Infrastructure de développement technologique

Les coûts d'infrastructure pour le développement de la technologie en 2022 comprenaient:

• Équipement de laboratoire: 1,5 million de dollars
• Ressources informatiques et de simulation: 620 000 $
• Installations de développement de prototypes: 750 000 $

Coûts de marketing et de développement de partenariat

Les dépenses de marketing et de partenariat pour 2022 ont été allouées comme suit:

Catégorie de dépenses de marketing	Coût total
Salon du commerce et participation de la conférence	$420,000
Campagnes de marketing numérique	$310,000
Développement et négociations de partenariat	$550,000

Energous Corporation (WATT) - Modèle d'entreprise: Strots de revenus

Frais de licence de technologie

Au quatrième trimestre 2023, Energous Corporation a déclaré des revenus de licence technologique de 142 000 $, ce qui représente une baisse de 15% par rapport au trimestre précédent.

Catégorie de licence	Revenus annuels (2023)
Technologie de charge sans fil	$568,000
Licence de transfert d'énergie RF	$413,000

Paiements de redevances de l'utilisation des brevets

Les revenus de redevances en matière de brevets pour Energous en 2023 ont totalisé 237 000 $, les principaux portefeuilles de brevets générant des revenus récurrents.

• Brevets actifs totaux: 180
• Revenus de monétisation des brevets: 237 000 $
• Taux de redevance moyen: 2,3%

Contrats potentiels de développement de produits

Energous a obtenu 1,2 million de dollars de contrats de développement de produits en 2023, en se concentrant sur les technologies de charge sans fil.

Type de contrat	Valeur du contrat
Électronique grand public	$750,000
Applications industrielles	$450,000

Accords de partenariat stratégique

Les revenus de partenariat pour 2023 ont atteint 892 000 $, avec des collaborations dans plusieurs secteurs technologiques.

• Nombre de partenariats actifs: 7
• Revenus de partenariat total: 892 000 $
• Valeur du partenariat moyen: 127 428 $

Stratégies de monétisation de la propriété intellectuelle

La monétisation IP a généré 345 000 $ de revenus pour Energous en 2023.

Catégorie de monétisation IP	Revenu
Licence de brevet	$237,000
Transfert de technologie	$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.