ESS Tech Q2 revenue $2.4M (+294% QoQ); secures up to $31M in new capital

ESS Tech, Inc.

2025-Q2 EPS reported -$2.39 revenue$2,957,000

GAAP revenue $2.4M (+294% QoQ); net loss and adjusted EBITDA improved 50% YoY.
Secured up to $31M new capital including a $25M Standby Equity Purchase Agreement.
Appointed Jigish Trivedi as COO and Kate Suhadolnik as interim CFO.
Ended July with $7.2M cash vs $0.8M at Q2 close; operating cash burn cut ~80% in June.
Proposal activity exceeded 1.1 GWh following Energy Base launch; first Energy Base sale closed.

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