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Dec 31, 2024
Eos Energy Q4 2024 Earnings Report
Eos Energy Enterprises reported revenue growth and a significant increase in backlog in Q4 2024.
Key Takeaways
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.
Q4 2024 revenue grew 10% year-over-year to $7.3 million.
Net loss widened to $268.1 million, impacted by non-cash adjustments.
Gross loss remained at $23.5 million, offset by lower Z3 material costs.
Orders backlog grew to $682 million, a 28% year-over-year increase.
Forward Guidance
Eos Energy Enterprises reaffirmed its full-year 2025 revenue guidance of $150 million to $190 million, driven by increased production capacity and automation enhancements.
Positive Outlook
- Revenue guidance for FY 2025 remains at $150 million to $190 million.
- Production efficiency expected to improve with new automation initiatives.
- Backlog increased significantly, supporting future revenue growth.
- Expansion plans include additional manufacturing capacity.
- Strategic investments in sales and operations to drive long-term growth.
Challenges Ahead
- Continued operating losses due to high project execution costs.
- Cash burn remains high, requiring external financing.
- Uncertain market conditions may impact demand for energy storage solutions.
- Gross losses may persist in the near term despite cost optimizations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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