Eos Energy reports preliminary Q4 revenue $6.6M (+148% YoY) and manufacturing line milestone

Eos Energy Enterprises, Inc.

2023-FY EPS reported -$1.81 revenue$16,378,000

Preliminary Q4 2023 revenue of $6.6M, up 148% vs Q4 2022 and 866% sequentially.
Full year 2023 revenue expected at $16.4M; gross margin expected to improve 30-50% YoY.
Cash balance of $69.5M and orders backlog of $534.8M as of Dec 31, 2023.
Achieved 'Power On' of all motion systems on first state-of-the-art manufacturing line; installation in Turtle Creek expected Q2 2024.
Transition to Eos Z3 Cube: 50% fewer cells, 79% less weight, 98% fewer welds, cycle time under 4 minutes.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Eos Energy Enterprises, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $6.6 million.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $6.6 million
Result: preliminary results

Exact text from the filing

storage systems, today announced that it achieved “Power On” status of all motion systems on its first state-of-the-art manufacturing line and expects to record revenue of $6.6 million for the fourth quarter, a 148% increase versus fourth quarter 2022. Full year 2023 revenue is expected to be $16.4 million as the Company transitioned manufacturing to the Eos Z3

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Source: SEC EDGAR

accession 0000950103-24-002086

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