Energous Corporation (NASDAQ: WATT) was featured in a recent equity research report published by ROTH Capital Partners LLC. The report reads, “Our price target of $7.00 represents an enterprise value to sales multiple of ~30.0x, a premium to the peer semiconductor median of 2.4x reflecting the early stage growth opportunity for the company. Note that we are using a target sales multiple because we believe that WATT’s business model is still scaling to a steady-state level of profitability.”
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About Energous Corporation
Energous Corporation is leading the next generation of wireless charging – wireless charging 2.0 – with its award-winning WattUp® technology, which supports fast, efficient contact-based charging, as well as charging at a distance. WattUp is a scalable, RF-based wireless charging technology that offers substantial improvements in contact-based charging efficiency, foreign object detection, orientation freedom and thermal performance compared to older, coil-based charging technologies. The technology can be designed into many different sized electronic devices for the home and office, as well as the medical, industrial, retail and automotive industries, and it ensures interoperability across products. Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs. These include innovative silicon chips, antennas and software, for a large variety of applications, such as smartphones, fitness trackers, hearables, medical sensors and more. Energous received the world’s first FCC Part 18 certification for at-a-distance wireless charging, and the company has 220 awarded patents for its WattUp wireless charging technology to-date. For more information, please visit www.Energous.com
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