Energy Vault Q3 revenue $172.2M; net loss narrows; reaffirms FY2023 guidance

Energy Vault Holdings, Inc.

2023-Q3 EPS reported -$0.54 revenue$223,307,000

Record revenue $172.2M; net loss improved 28% sequentially to $(18.9)M.
GAAP gross margin 4.2% ($7.1M); adjusted EBITDA $(10.2)M, improved 43% QoQ.
Cash $132.2M, no debt; FY2023 revenue guidance reaffirmed $325M-$425M.
Awarded projects up 153% YTD to 9.1 GWh ($3.3B); booked projects up 49% to 2.4 GWh.
First 100 MWh EVx system in China nearing commissioning; 275 MWh battery system in California operational.

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 0.95

Energy Vault Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $172.2 million, net income $(18.9) million. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $172.2 million
Net income: $(18.9) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Energy Vault Reports Third Quarter 2023 Financial Results Revenue of $172.2 million driven by multiple energy storage deployments within the US market

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 0001828536-23-000183

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.