Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Heliogen, Inc. reported fourth quarter and full year 2023 results: revenue $(1.2) million and $4.4 million, net income $(78.8) million and $(129.6) million.
- Period
- fourth quarter and full year 2023
- Revenue
- $(1.2) million and $4.4 million
- Net income
- $(78.8) million and $(129.6) million
- Result
- reported results
Exact text from the filing
For the fourth quarter and full year 2023, Heliogen reported total revenue of $(1.2) million and $4.4 million, respectively, driven primarily by an unfavorable cumulative adjustment of $(3.4) million recorded during the fourth quarter of 2023, as a result of the updated Capella Project cost estimate. For the fourth quarter and full year 2023, Heliogen reported a net loss of $(78.8) million and $(129.6) million, respectively, driven primarily by the recognition of a non-cash provision for contract losses of $52.9 million, associated primarily with the change in estimate for its Capella Project.
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Executive change
SEC 8-K Item 5.02
confidence 1.0
Alan Gahm departed as Interim Chief Financial Officer at Heliogen, Inc..
- Action
- step down
- Role
- Interim Chief Financial Officer
Exact text from the filing
Alan Gahm, who has been serving as the Company’s Interim Chief Financial Officer since January 2024 will step down from his role as the Interim Chief Financial Officer upon the effectiveness of Mr. Morris’s appointment.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Phelps Morris was appointed as Chief Financial Officer at Heliogen, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On March 25, 2024, the Company announced that Phelps Morris has been appointed to serve as Chief Financial Officer of the Company, effective April 1, 2024 (the "Effective Date").
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