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| EEVblog:
--- Quote from: sdpkom on April 02, 2019, 03:30:52 am ---The money definitely flows, but not into employees pockets. They spend $50m/year on 73 (-1) employees. I wish my wage was on that level. --- End quote --- Oh, yeah, that's a lot then. Where are they hemorrhaging cash? Come on, own up, who's doing $500/hr contract work for them? 8) |
| ebastler:
--- Quote from: EEVblog on March 30, 2019, 11:14:55 pm ---Someone just sent me a secret pic of Perry's new startup prototype! 8) Recharge your phone and test for every known disease with just a thumb prick, it's a zillion dollar idea! --- End quote --- Ah, too bad... Upon closer inspection, that gadget actually discharges the phone. Disappointing... :P https://medicalxpress.com/news/2015-02-smartphone-accessory-rapid-diagnosis-infectious.html |
| PaulReynolds:
--- Quote from: sdpkom on April 02, 2019, 03:30:52 am ---The money definitely flows, but not into employees pockets. They spend $50m/year on 73 (-1) employees. I wish my wage was on that level. --- End quote --- Certain individuals get far more than others. Looking here https://seekingalpha.com/filing/4437835 in 2018 CEO Rizzone got around $4m total compensation, COO Joihnston around $3.1m, and CFO Sereda around $2.4m so $9.5m total of the $50m just between those three. Then there's about $4m to 6 board directors, so straight away you're not much shy of $14m per year before any actual work gets done by the other ~70 employees. So it's really around $36m, or around $500k per employee which even with overhead, monster benefits, and solid paycheques is a hell of an amount. I guess it's a combination of other stock incentives to senior members, along with paying people enough that they don't call "foul" on the bullshit from within and just keep their heads down - after all, IMO Energous is a company whose purpose is to sell shares, the engineering is just the window dressing that allows it to happen, so it's really just a marketing expense. |
| sdpkom:
The document you cite includes equity based compensation. They just published the data for their annual shareholders meeting https://www.sec.gov/Archives/edgar/data/1575793/000156459019010942/watt-def14a_20190516.htm Rizzone got $365K cash for 2017, 2018 Johnston got $300K, $340K Serada got $250K, $307.5K Total is about $1m-$1.5m for the entire management team. These salaries are reasonable for top management in a public company. They have 200+ patents and patent applications, take a top notch patent attorney and assume all patents are <4 years age and filed in all OECD countries and you're $35K/patent per year (real numbers are 40% of that, nobody files worldwide, and even top notch attorneys have use lower cost stuff) , that't $7-8m. |
| ebastler:
--- Quote from: sdpkom on April 08, 2019, 05:24:54 am ---They have 200+ patents and patent applications, take a top notch patent attorney and assume all patents are <4 years age and filed in all OECD countries and you're $35K/patent per year (real numbers are 40% of that, nobody files worldwide, and even top notch attorneys have use lower cost stuff) , that't $7-8m. --- End quote --- I would assume that they don't have 200+ separate patent families (each with multiple national/regional applications), but that they have counted each national application to impress with a total count of 200+. That would make for a significantly lower cost. Or did they publish further details about their patent portfolio? |
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