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Mar 31, 2024
ESS Tech Q1 2024 Earnings Report
ESS Tech's Q1 2024 financial results were announced, featuring a seven-fold increase in revenue compared to the previous year.
Key Takeaways
ESS Tech, Inc. reported Q1 2024 revenue of $2.7 million, a seven-fold increase year-over-year. The company partnered with Sapele Power to supply LDES in Africa and completed testing of its first Energy Center for Portland General Electric. They exited Q1 with over $89 million in cash and short-term investments.
Q1 revenue reached $2.7 million, a seven-fold increase compared to the previous year.
Partnered with Sapele Power to supply LDES in Africa.
Completed testing of the first Energy Center for Portland General Electric.
Exited Q1 with cash and short-term investments exceeding $89 million.
ESS Tech
ESS Tech
ESS Tech Revenue by Segment
Revenue by Segment
Revenue Related Parties Revenue
CapyFin.comProduct Revenue
CapyFin.com Forward Guidance
ESS Tech is positioning the company for sustained growth and profitability as they scale the business and ramp up shipments later this year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income