Eos expects 2022 revenue $17-20M, 2023 outlook $30-50M, signs 4 GWh framework

Eos Energy Enterprises, Inc.

2022-FY EPS reported -$3.68 revenue$17,924,000

Expects 2022 revenue $17-20M (consistent with guidance); cash balance $17M as of Dec 31, 2022.
New 47 MWh project order and long-term framework for up to 4 GWh over 6 years with large US storage operator.
2023 revenue outlook $30-50M; Z3 battery line launch in Q3 2023; expects positive operating cashflow in H2 2024.
Issued $5M convertible note to Yorkville (2% OID, 5% interest, conversion floor $0.35, convertible at lower of $1.4883 or 96.5% of VWAP).
DOE loan could be at least $250M; due diligence ongoing with Loan Programs Office.

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Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Eos Energy Enterprises, Inc. reported FY2022 results: revenue $17 to $20 million. Guidance reaffirmed.

Period: FY2022
Revenue: $17 to $20 million
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

today announced that it expects to record revenue of $17 to $20 million for 2022, which is consistent with previous guidance

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Eos Energy Enterprises, Inc. reported FY2023 results: revenue $30 to $50 million. Guidance initiated.

Period: FY2023
Revenue: $30 to $50 million
Guidance: initiated
Result: guidance update

Exact text from the filing

the Company currently expects 2023 revenue to be in the range of $30 to $50 million

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Eos Energy Enterprises, Inc. filing history →

Source: SEC EDGAR

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