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Mar 31, 2021
Eos Energy Q1 2021 Earnings Report
Eos Energy Enterprises reported financial results for Q1 2021, showing progress against strategic initiatives.
Key Takeaways
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.
Booked orders of $33 million year-to-date resulting in backlog of $50.5 million, as of May 11, 2021
Successfully shipped second and third commercial orders, as of May 11, 2021
Acquired the remaining 51% ownership stake in Hi-Power, LLC on April 9, 2021
Successfully attained UL certification for 9540A and on track for full UL certification in the second quarter 2021
Forward Guidance
Eos reiterates its financial outlook for full year 2021.
Positive Outlook
- Achieve full UL certification
- Expand manufacturing capacity to 800 MWh
- Launch Gen 3.0 (Z3) system technology
- Invest in people
- Invest in culture
Historical Earnings Impact
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Avg. Return Before/After Earnings
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