earnings
confidence medium
sentiment neutral
materiality 0.50
ESS Tech reports record Q4 unit deliveries; annual capacity reaches ~800 MWh
ESS Tech, Inc.
2022-FY EPS reported
-$0.51
revenue$894,000
- Delivered record 14 Energy Warehouses in Q4 2022.
- Annual production capacity reached nearly 800 MWh with new automated line.
- Signed agreements with Burbank Water & Power, Consumers Energy, Amsterdam Airport Schiphol, and Turlock Irrigation District.
- CEO cites supply chain challenges; plans more calculated scaling in 2023 to improve unit profitability.
- Financial results (revenue, net income) not included in the furnished press release excerpt.