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Jun 30, 2022

Eos Energy Q2 2022 Earnings Report

Eos Energy Enterprises reported strong commercial growth, improved operational performance, and progress against commitments.

Key Takeaways

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.

$5.9 million in revenue, a 79 percent sequential increase and 28 percent higher compared to full year 2021 revenue.

Booked orders in second quarter of $257.5 million, almost 4x higher than first quarter; year-to-date booked orders now stands at $324.7 million.

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.

Total Revenue
$5.9M
Previous year: $612K
+863.2%
EPS
-$1.01
Previous year: -$1.04
-2.9%
Gross Profit
-$31M
Previous year: -$11.8M
+163.5%
Cash and Equivalents
$16.3M
Previous year: $74.7M
-78.2%
Free Cash Flow
-$50.6M
Previous year: -$42.2M
+19.9%
Total Assets
$97.7M
Previous year: $110M
-11.0%

Eos Energy

Eos Energy

Forward Guidance

The world needs clean energy and we expect Eos to play a critical role in the energy transition.