Investor. Suggest you listen to the conf call transcript (should be available on Seeking Aloha soon) if you missed the call live. No change from what I’ve been mentioning. Regulatory approval in Asia is hurdle that’s in process. Not if but when story. Confirmed with management after call.
Unfortunately there’s no visibility on Apple NDA and when it’s over. They can’t say. That said it was confirmed their Chinese phone manufacturer (vivo) relationship is strong and suggest looking into that company and announcement. Considering phone product cycle wouldn’t expect them in that phone until 2020.
Hearable products coming to market sooner but much smaller chip volume.
Read Dialog comments from last conf call. They stated “thousand of Energous chips in 2019. Millions of units in 2020”. Would not expect meaningful revenue until 2020. Dialog has very high level of credibility.
Energous had only $66K in revs in Q1. $50K from engineering services and $16K from chips. Guessing only 8,000 chips sold in Q1. ($2/ chip set per earlier calls)
Do some DD on Vivo Global and phone volume it sells. Even though Not prevalent in US, are in Europe, Mid East, India. Millions of units a Q. In my opinion this is the “millions of units” Dialog reference. And Dialog referenced multiple companies they’re in discussion with like it. Vivo is only one of four I believe Dialog mentioned in terms of engagements. Again, read their last CC transcript.
Point being this is not only an Apple or Samsung or Sony story.
Adoption has been a challenge. Five years to bring a product to market. CEO credibility shot but best they can do now is perform and quiet the nay sayers by delivering. Nothing else matters at this point. 65 employees. Most RF engineers.
Personally believe stock price is low range bound until regulatory approval in Asia. Heavily shorted and shorts have a lot of resources to manipulate price. I’m holding through the storm. I’ve seen the tech and it works and is better than Qi contact with possibility of over-air charging. Paradigm shift.
Just taking more time than CEO believed. Met him on number of occasions. Not a malicious guy, just overly optimistic because they thought Apple could help but cannot cut corners with regulatory regardless of partner.
Latter I’d just my opinion.
Holding and lending my shares to shorts for 18% dividend until price breaks out. Not bad for doing nothing. About $1000/ month.
Hang in there and hope it helped.
Good luck to you.
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