Eos Energy Earnings Reports

Eos Energy Enterprises achieved revenue of $7.3 million in Q4 2024, marking a 10% increase year-over-year and a 749% sequential growth from the previous quarter. The company reported a gross loss of $23.5 million, largely due to increased project execution costs. Net loss widened to $268.1 million, primarily driven by non-cash mark-to-market adjustments. Eos expanded its backlog to $682 million, reflecting a 28% year-over-year increase.

Eos Energy Enterprises reported Q1 2024 revenue of $6.6 million, a decrease of 25% compared to the prior year period. The company's backlog increased by 13% year-over-year to $602.7 million. They reaffirmed their 2024 revenue outlook of $60 million to $90 million and expect positive contribution margin in Q4 2024.

Eos Energy Enterprises reported a 148% increase in Q4 revenue to $6.6 million compared to the prior year. The company's transition to the Eos Z3TM Cube on its semi-automated manufacturing line and a 77% increase in the commercial opportunity pipeline drove the growth. The company's orders backlog grew by 15% compared to the prior year. The company expects to recognize $60 million to $90 million in revenue for full year 2024.

Eos Energy Enterprises reported $0.2 million in revenue for Q2 2023, a decrease compared to $5.9 million in Q2 2022, due to the strategic transition to the Eos Z3™ energy storage system. The company's order backlog reached $533.6 million as of June 30, 2023, a 17% increase compared to June 30, 2022.

Eos Energy Enterprises reported a solid first quarter with revenue increasing 168% year-over-year, driven by strong manufacturing performance and backlog growth. The company booked $86.3 million in orders, resulting in an order backlog of $535.1 million. Additionally, Eos achieved 1 GWh of discharged energy from field installations and successfully completed a $40 million capital raise.

Eos Energy Enterprises reported Q4 revenue of $2.7 million driven by the delivery of the final Energy Block for the Pine Gate Renewables Eastover Project. The company deferred production into 2023 to realize Inflation Reduction Act benefits. The company's cash balance as of December 31, 2022, was $17.1 million.

Eos Energy Enterprises reported Q3 2022 financial results with revenue of $6.1 million, a significant increase from the same period last year. The company's opportunity pipeline grew to $7.3 billion, with a backlog of $452.2 million. However, the cost of goods sold was $50 million, impacted by increased unit volume and capacity expansion delays, and the company reported a net loss of $70.7 million.

Eos Energy Enterprises reported a revenue of $5.9 million, a 79 percent sequential increase. The company's orders backlog more than doubled in the quarter to $457.3 million. Annualized manufacturing capacity as of June 30, 2022 of approximately 536 MWh, a 70 percent increase versus March 31, 2022.

Eos Energy Enterprises reported $3.3 million in revenue, with a backlog of $212 million and a cash balance of $55 million as of March 31, 2022. The company achieved 65 MWh of annualized battery manufacturing capacity and reduced Energy Block bill of material cost by approximately 14% compared to year-end 2021.

Eos Energy Enterprises reported Q4 revenue of $3.1 million, a 332% sequential growth from Q3. The company's commercial pipeline grew to $4.1 billion, with $51.3 million in orders received. They invested $5.4 million in Research and Development and finished the quarter with a cash balance of $105 million.

Eos Energy Enterprises reported $0.7 million in revenue for Q3 2021. The company booked orders of $137.4 million year-to-date, resulting in a backlog of $151.8 million as of November 10, 2021. They are updating their guidance for booked orders at year-end to a range of $175 million to $300 million.

Eos Energy Enterprises reported $0.6 million in revenue for Q2 2021. The company had cash and cash equivalents of $75 million as of June 30, 2021. They are revising their 2021 revenue target to $5 million.

Eos Energy Enterprises reported $0.2 million in revenue for the first quarter of 2021. The company reiterated its full-year 2021 revenue outlook of $50 million and booked orders of $300 million as of December 31, 2021.

Eos Energy Enterprises completed its acquisition of Eos Energy Storage on November 16, 2020. The business combination was accounted for as a reverse recapitalization, with Eos as the accounting acquirer. Upon closing, the company had 49,813,547 shares of common stock outstanding.