ESS Tech prelim FY2025 rev $1.6M, op loss $55M; CEO Buckley added to board

ESS Tech, Inc.

2025-FY EPS reported -$4.34 revenue$1,583,000

Cash, equivalents, and short-term investments ~$22M at Dec 31, 2025, up $18.5M from Sep 30, 2025.
Revenue ~$1.6M, down $4.7M YoY due to wind-down of legacy contracts amid shift to Energy Base.
Operating loss ~$55M, improvement of $34.8M YoY reflecting ongoing cost discipline.
Repaid $24.4M (81%) of $30M promissory note; $5.6M outstanding; second tranche of $10M available until Feb 28, 2026.
CEO Drew Buckley elected to board (Class I), effective Jan 23, 2026; board size increased to eight.

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