earnings
confidence high
sentiment negative
materiality 0.75
Eos Energy Q3 revenue $0.9M, net loss $342.9M; cuts 2024 revenue outlook to ~$15M
Eos Energy Enterprises, Inc.
2024-Q3 EPS reported
-$2.30
revenue$8,353,000
- Revenue $0.9M (vs. expectations) due to enclosure supply chain delay; net loss attributable to shareholders $342.9M.
- Adjusted EBITDA loss $46.1M; GAAP EPS $(1.77), adjusted EPS $(0.44).
- Cash $23.0M at Sep 30; drew additional $65M from Cerberus after meeting second tranche milestones.
- 2024 revenue guidance cut to ~$15M (from prior higher range); remainder expected to ship H1 2025.
- Announced 216 MWh order with City Utilities of Springfield MO; commercial pipeline $14.2B.