---
schema_version: "secwatch.filing_event.v1"
accession: "0001840292-24-000007"
form_type: "8-K"
ticker: null
cik: "0001840292"
company_name: "Heliogen, Inc."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:42:41.525821+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Heliogen reports Q4 revenue -$1.2M, full-year net loss $129.6M; appoints new CFO

## Summary
- Net loss Q4 $78.8M, full year $129.6M; includes $52.9M non-cash contract loss provision mainly for Capella Project.
- Revenue Q4 $(1.2)M on unfavorable cumulative adjustment; full year $4.4M.
- Available liquidity $75.1M (cash $62.7M, investments $12.4M); no debt; operating plan funds into March 2025.
- Appointed Phelps Morris as CFO effective April 1, 2024; base salary $400k, 75k RSU award.
- Initiated strategic alternatives review with financial advisor; pipeline grew to 2.0 GW (+1.2 GW since Aug 2023).

## SEC filing metadata
- accession: 0001840292-24-000007
- form_type: 8-K
- cik: 0001840292
- company_name: Heliogen, Inc.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840292/000184029224000007/0001840292-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840292/000184029224000007/hlg-20240325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840292-24-000007
- JSON: https://secwatch.observer/filing/0001840292-24-000007.json
- Plain text: https://secwatch.observer/filing/0001840292-24-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840292/000184029224000007/0001840292-24-000007-index.htm
- Executive change
  Alan Gahm departed as Interim Chief Financial Officer at Heliogen, Inc..
  - Action: step down
  - Role: Interim Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840292/000184029224000007/0001840292-24-000007-index.htm
- Executive change
  Phelps Morris was appointed as Chief Financial Officer at Heliogen, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840292/000184029224000007/0001840292-24-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.