ESS Tech Q1 revenue $2.7M, seven-fold YoY; cash >$89M; orders second automation line

ESS Tech, Inc.

2024-Q1 EPS reported -$0.10 revenue$2,738,000

Q1 revenue $2.7M (seven-fold YoY increase); cash >$89M, expected into H1 2025.
Second automation line ordered: 600 MWh/yr (40% more), 50% lower cost/MWh, operational 1H 2025.
Completed first Energy Center testing for Portland General Electric; second EC build starts early Q3 2024.
Partnered with Sapele Power to supply long-duration energy storage solutions in Africa.
Energy Warehouse commissioned at Schiphol Airport and installed at Burbank Water and Power.

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

ESS Tech, Inc. reported first quarter ended March 31, 2024 results: revenue 2.7 Million.

Period: first quarter ended March 31, 2024
Revenue: 2.7 Million
Result: reported results

Exact text from the filing

ESS Tech, Inc. Announces First Quarter 2024 Financial Results Q1 Revenue of $2.7 Million

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ESS Tech, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-021087

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