earnings
confidence high
sentiment positive
materiality 0.65
ESS Tech Q2 revenue $2.8M record; ships 9 Energy Warehouses to 4 new customers
ESS Tech, Inc.
2023-Q2 EPS reported
-$0.29
revenue$3,199,000
- Record Q2 revenue $2.8M; shipped 9 Energy Warehouses to 4 new customers.
- Partnership with LEAG for 500 MWh iron flow battery system at Boxberg, Germany; definitive agreements expected Q3.
- SMUD agreement: up to 2 GWh LDES over four years; first phase shipments begun.
- Management expects revenue for next two quarters at approximately Q2 rate.
- UL 9540 certification received; 10 new patents granted (total 70 patents, 235 filed).