secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001828536-23-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853623000023/0001828536-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853623000023/nrgv-20230307.htm
  HTML page:      https://secwatch.observer/filing/0001828536-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer