Revenue was $0.2 million, compared to $5.9 million in 2Q 2022, as the company strategically transitions manufacturing to the Eos Z3™ energy storage system.

Cost of Goods Sold was $11.2 million, a 69% decrease compared to 2Q 2022, driven by a decrease in volume partially offset by commissioning related expenses.

Operating expenses were $23.6 million, an 11% decrease compared to 2Q 2022, primarily driven by reduced professional services partially offset by a non-cash Gen 2.3 equipment write down.

Cash balance was $23.2 million on June 30, 2023, compared to $16.1 million on March 31, 2023.

Booked $86.9 million in orders during the first half of 2023, resulting in an order backlog of $533.6 million as of June 30, 2023, a 17% increase compared to June 30, 2022.