Is Energous Corp (WATT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.2% / 30% | 5.7% / 30% | 0.3% / 30% | 0.0% / 5% | ✓ HALAL |
| DJIM | 6.2% / 33% | 5.7% / 33% | 0.3% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 39.2% / 33% | 35.7% / 33% | 2.1% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 6.2% / 33% | 5.7% / 33% | 0.3% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 39.2% / 33% | 35.7% / 33% | 2.1% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 36.0% | |
| Operating Margin | -47.1% | |
| Net Margin | -170.4% | |
| Return on Equity (ROE) | -168.0% | |
| Return on Assets (ROA) | -54.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$18M |
| Free Cash Flow | -$18M |
| Total Debt | $1M |
| Debt-to-Equity | 9.3 |
| Current Ratio | 4.2 |
| Total Assets | $4M |
Price & Trading
| Last Close | $16.11 |
| 50-Day MA | $10.96 |
| 200-Day MA | $8.68 |
| Avg Volume | 380K |
| Beta | 0.8 |
|
52-Week Range
$3.62
| |
About Energous Corp (WATT)
Energous Corporation provides wireless charging system solutions in the United States. The company develops over-the-air Wireless Power Network (WPN) technology that integrates advanced semiconductor chipsets, software controls, hardware designs, and antenna systems to enable radio frequency (RF) based charging for Internet of Things (IoT) devices. Its applications include retail sensors, electronic shelf labels, asset trackers, air quality monitors, motion detectors, and other smart monitoring solutions. The company's products are used in asset trackers, sensors, retail displays, and security devices; smart home, medical, industrial, and other sensors; electronic shelf labeling; logistics and asset tracking tags and sensors; computer mice and keyboards; remote controls; gaming consoles and controllers; hearing aids; rechargeable batteries; automotive accessories; smart textiles; wearables; and medical devices. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. Energous Corporation was incorporated in 2012 and is headquartered in San Jose, California.
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Frequently Asked Questions
Is Energous Corp (WATT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Energous Corp is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Energous Corp's debt ratio?
Energous Corp's debt ratio is 6.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 39.2%.
What are Energous Corp's key financial metrics?
Energous Corp has a market capitalization of $32M, and revenue of $768,000. The company maintains a gross margin of 36.0% and a net margin of -170.4%. Return on equity stands at -168.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.