WATT - Energous gains 12% on new FCC permission; warns of pandemic revenue impact

Energous (WATT) is up 12.4% to $3,45 pre-market after announcing that its WattUp wireless charging technology has received a permissive change to its existing FCC grant. The change extends the charging zone to within one meter of the transmitter.Energous says the pandemic "has temporarily impacted our ability to put the necessary engineering and application resources on customer sites, slowing the advance of multiple product and sales cycles expected to generate revenues for the third quarter."The company says Q3 revenue has fallen "significantly on a percentage basis" below Q2 revenue.

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Energous gains 12% on new FCC permission; warns of pandemic revenue impact