Eos Energy Q2 2024 revenue $0.9M (+261% YoY); Cerberus invests up to $315.5M; SotA line commissioned

Eos Energy Enterprises, Inc.

2024-Q2 EPS reported -$0.48 revenue$7,499,000

Revenue $0.9M (+261% YoY); cost of goods sold $14.1M; other op expenses $15.8M.
Cash $52.5M; terminated $100M term loan for $27M, gain on extinguishment $68.5M.
Cerberus strategic investment up to $315.5M: $210.5M delayed draw term loan + $105M revolver.
Launched commercial production from first SotA line; targeting 1.25 GWh annualized capacity in 6 months.
Reaffirmed FY2024 outlook: revenue $60M-$90M, positive contribution margin before year-end.

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