Energous Corporation — Cyborg Score 6/10

Solid
Wireless Power Transfer / RF-based IoT Infrastructure

Strategic Profile

Energous is implementing its technology with a Fortune 10 multinational retailer for an infrastructure modernization initiative across approximately 4,700 retail locations in the United States. The company achieved 2025 annual revenue of $5.6M (up over 630% vs 2024), demonstrating accelerating commercial traction in a newly emerging market.

Cyborg Score Rationale

Energous shows strong revenue growth momentum (630% YoY in 2025, 184% QoQ in Q2 2025) with improving unit economics and declining losses (35% improvement in Q2 net loss). However, the company remains early-stage with minimal absolute revenue and ongoing cash burn, requiring successful execution of major retail deployments to achieve profitability.

Top Insights

  • Since commencing deployment in 2024, Energous has shipped over 4,000 PowerBridge Pro units to its Fortune 10 retail partner.
  • Energous introduced new products including the AI-driven PowerBridge MOD and PowerBridge PRO+ with integrated gateway, while securing four new U.S. patents for wireless power technology.
  • A multi-billion dollar power company is conducting a proof of concept, with expansion beyond retail into utilities reducing sector dependency.
  • The company eliminated debt and certain liabilities while raising $23.9M in equity in 2025.

Named Competitors

  • Wireless Power Consortium (Qi Standard) — Contact-based wireless charging standard for consumer devices
  • AirFuel Alliance technology — Inductive/resonant wireless charging platform for consumer and industrial
  • Integrated wireless charging chips — Semiconductor solutions for embedded wireless power

Recent Developments

  • (January 2026) Energous reports preliminary 2025 full-year results with $5.6M revenue (630% YoY growth) and Q4 revenue of $3.0M
  • (December 2025) PowerBridge Pro gains European Union approval
  • (June 2025) Achieved highest quarterly revenue of $1.0M since 2016, with 184% QoQ growth and lowest quarterly net loss in a decade
  • (April 2025) Fortune 10 retailer expands wireless power deployment from 4,700 locations, growing from perishable goods to dry goods

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