Eos Energy Q4 2021 Earnings Report
Key Takeaways
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.
Fourth quarter revenue was $3.1 million from 8 customer projects, representing 332% sequential growth from the third quarter.
Operating leverage was delivered, with Cost of Goods Sold 5x lower than revenue growth sequentially.
The commercial pipeline increased to $4.1 billion, with $51.3 million in orders received during the fourth quarter.
The company invested $5.4 million in Research and Development to improve current and future technology.
Eos Energy
Eos Energy
Forward Guidance
Eos provided financial outlook for full year 2022.
Positive Outlook
- Deliver $50 million in revenue from current orders backlog.
- Secure $400 million in incremental customer orders from $4+ billion pipeline.
Challenges Ahead
- Invest $25 million to $35 million capex to achieve 800 MWh capacity for future growth.