Eos Energy FY2022 revenue $17.9M (4x YoY); backlog $463.8M; cash $17.1M

Eos Energy Enterprises, Inc.

2022-FY EPS reported -$3.68 revenue$17,924,000

Revenue $17.9M vs $4.6M in 2021; Q4 revenue $2.7M from final Eastover project delivery.
Cost of goods sold $153.3M; unit product cost reduced 44% YoY; SG&A $12.6M in Q4.
Booked orders $338.6M (2.5x YoY); orders backlog $463.8M vs $147.5M at end of 2021.
Pipeline grew 83% to $7.5B including 4GWh in LOIs; DOE loan due diligence ongoing.
Achieved UL 9540A certification for next-gen Eos Z3 battery; first Eos Cube shipped.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eos Energy Enterprises, Inc. reported the year ended December 31, 2022 results: revenue $17.9 million.

Period: the year ended December 31, 2022
Revenue: $17.9 million
Result: reported results

Exact text from the filing

long duration energy storage systems, today announced financial results for the fourth quarter and full year ended December 31, 2022. Full Year 2022 Highlights † Revenue of $17.9 million compared to $4.6 million in 2021, representing approximately 4x revenue growth year-over-year. † Increased current opportunity pipeline by 83% year-over-year to $7.5 billion,

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Source: SEC EDGAR

accession 0001628280-23-005669

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