Eos Energy Q3 revenue $0.7M vs $6.1M YoY; cuts 2023 guidance; gets $399M DOE loan

Eos Energy Enterprises, Inc.

2023-Q3 EPS reported -$1.65 revenue$9,768,000

Revenue $0.7 million in Q3 2023, down from $6.1 million in Q3 2022; first Eos Z3 system shipped.
Cost of goods sold $21.3 million; operating expenses $17.3 million; cash $58.0 million at quarter end.
Received $399 million DOE LPO conditional commitment to scale production to 8 GWh by 2026.
Booked orders $92.7 million YTD; backlog $539 million, up 19% YoY.
2023 revenue and booked orders guidance lowered; reaffirmed 15% product cost reduction target from Z3 launch.

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 0.95

Eos Energy Enterprises, Inc. reported third quarter ended September 30, 2023 results: revenue $0.7 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $0.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

sustainable zinc-based long duration energy storage systems, today announced financial results for the third quarter ended September 30, 2023. Key Highlights + Revenue totaled $0.7 million, compared to $6.1 million in 3Q 2022, as the Company began commercial production and shipped the first Eos Z3 energy storage systems. + $21.3 million Cost of Goods Sold, a 57%

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Source: SEC EDGAR

accession 0001628280-23-037051

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