Heliogen reports Q1 revenue $1.5M, net loss $15.2M; backlog $76.2M, liquidity $60.7M

Heliogen, Inc.

2024-Q1 EPS reported -$2.53 revenue$1,528,000

Revenue $1.5M, net loss $(15.2)M, Adjusted EBITDA $(14.9)M.
Contracted revenue backlog $76.2M, added $1.8M from DOE solar thermal calciner award.
1.9 GW opportunity pipeline; first commercial-scale steam plant in west Texas on track for year-end 2024.
Available liquidity $60.7M ($58.2M cash, $2.5M investments), no debt.
Ongoing cost reduction review and strategic alternatives exploration with financial advisor.

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 0.9

Heliogen, Inc. reported first quarter 2024 results: revenue $1.5 million, net income $(15.2) million.

Period: first quarter 2024
Revenue: $1.5 million
Net income: $(15.2) million
Result: reported results

Exact text from the filing

Heliogen reported total revenue of $1.5 million and a net loss of $(15.2) million.

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Source: SEC EDGAR

accession 0001840292-24-000020

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