secwatch.observer — SEC 8-K summary
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Issuer:     Heliogen, Inc. (—)
CIK:        0001840292
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001840292-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840292/000184029224000007/0001840292-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840292/000184029224000007/hlg-20240325.htm
  HTML page:      https://secwatch.observer/filing/0001840292-24-000007

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