secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001828536-23-000183
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853623000183/0001828536-23-000183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853623000183/nrgv-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001828536-23-000183

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