Energous Corporation (WATT) Financial Statements (2024 and earlier)

Company Profile

Business Address 3590 NORTH FIRST STREET
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,93626,28749,07150,73021,68420,106
Cash and cash equivalents13,93626,28749,07150,73021,68420,106
Restricted cash and investments      
Receivables102143284766345
Inventory, net of allowances, customer advances and progress billings430106    
Inventory430106    
Prepaid expense      57
Other undisclosed current assets539828875637450581
Total current assets:15,00627,36450,23051,44222,19720,789
Noncurrent Assets
Operating lease, right-of-use asset1,2401,9606191,2932,058
Property, plant and equipment4294295104036271,219
Other noncurrent assets   12222
Total noncurrent assets:1,6692,3891,1411,6982,6871,221
TOTAL ASSETS:16,67529,75351,37153,14024,88422,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1332,6912,7292,6733,7353,640
Accounts payable1,8799011,2061,0971,6721,861
Accrued liabilities1,2541,7901,5231,5762,0631,778
Deferred revenue2730131212
Debt     722 
Other undisclosed current liabilities1,4601,1221,604825  
Total current liabilities:4,6213,8434,3463,5114,4693,640
Noncurrent Liabilities
Long-term debt and lease obligation:   405771,402 
Liabilities, other than long-term debt5571,264    
Operating lease, liability5571,264405771,402
Other undisclosed noncurrent liabilities   (40)(577)  
Total noncurrent liabilities:5571,264405771,402 
Total liabilities:5,1785,1074,3874,0875,8713,640
Equity
Equity, attributable to parent11,49824,64546,98449,05319,01318,370
Common stock111100
Additional paid in capital393,539387,320383,384344,025282,153243,112
Accumulated deficit(382,042)(362,675)(336,400)(294,973)(263,141)(224,742)
Total equity:11,49824,64546,98449,05319,01318,370
TOTAL LIABILITIES AND EQUITY:16,67529,75351,37153,14024,88422,010

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues474851757327200515
Cost of revenue(292)(1,278) (127)  
Cost of goods and services sold(279)(1,278) (127)  
Gross profit:183(426)757201200515
Operating expenses(22,282)(26,260)(42,190)(32,100)(39,008)(51,444)
Operating loss:(22,100)(26,686)(41,433)(31,899)(38,808)(50,929)
Nonoperating income2,73341156740989
Loss from continuing operations:(19,367)(26,275)(41,427)(31,832)(38,399)(50,840)
Loss before gain (loss) on sale of properties:(41,427)(31,832)(38,399)(50,840)
Net loss available to common stockholders, diluted:(19,367)(26,275)(41,427)(31,832)(38,399)(50,840)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(19,367)(26,275)(41,427)(31,832)(38,399)(50,840)
Comprehensive loss, net of tax, attributable to parent:(19,367)(26,275)(41,427)(31,832)(38,399)(50,840)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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