Eos Q3 revenue $6.1M, COGS $50M; FY2022 revenue guidance cut to $17-20M

Eos Energy Enterprises, Inc.

2022-Q3 EPS reported -$3.00 revenue$15,258,000

Revenue of $6.1M, up from $0.8M YoY, but COGS of $50M driven by unit volume, logistics, and capacity delays.
Revised full-year 2022 revenue expectation to $17-20M, shifting revenue into 2023 to maximize IRA benefits.
Cash balance $38.4M at Sept 30; outstanding loan $94.7M under Atlas Credit senior secured facility.
Opportunity pipeline $7.3B (+5% QoQ); year-to-date booked orders $324.8M; backlog $452.2M.
Produced 258 Energy Blocks since inception; shipped final Energy Block for 80+ MWh Pine Gate Renewables project.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eos Energy Enterprises, Inc. reported full year 2022 results: revenue $17-$20 million. Guidance lowered.

Period: full year 2022
Revenue: $17-$20 million
Guidance: lowered
Result: guidance update

Exact text from the filing

revised full year 2022 revenue expectation of $17-$20 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eos Energy Enterprises, Inc. reported third quarter ended September 30, 2022 results: revenue $6.1 million. Guidance lowered.

Period: third quarter ended September 30, 2022
Revenue: $6.1 million
Guidance: lowered
Result: reported results

Exact text from the filing

Revenue of $6.1 million, $5.3 million higher than same period last year and slightly higher sequentially

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-028686

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