Energy Vault Q4 revenue $100.3M; guides 2023 revenue $325M-$425M with wider adjusted EBITDA loss

Energy Vault Holdings, Inc.

Q4 2022 revenue $100.3M, FY 2022 revenue $145.9M; Q4 net loss $(23.3)M, adj. EBITDA $(11.2)M.
Ended 2022 with $286.2M cash, no debt; contracted backlog 1,635 MWh valued at ~$540M.
2023 outlook: revenue $325M-$425M, gross margin 10-15%, adj. EBITDA loss $(50)M-$(70)M.
Signed gravity EVx licensing deals in Europe and Middle East; appointed Theresa Fariello to Board.
PG&E hybrid hydrogen project (700 MWh, 96-hour backup) and NV Energy 440MWh BESS on track for 2023/2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energy Vault Holdings, Inc. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 7, 2023, Energy Vault Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2022. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

View on SEC.gov

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

Energy Vault Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001828536-23-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.