Eos Energy Enterprises Achieves “Power On” Status of all Motion Systems on its First State-of-the-Art Manufacturing Line and Provides Preliminary Results [Yahoo! Finance]
Eos Energy Enterprises, Inc. (EOSE)
Company Research
Source: Yahoo! Finance
provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced that it achieved “Power On” status of all motion systems on its first state-of-the-art manufacturing line and expects to record revenue of $6.6 million for the fourth quarter, a 148% increase versus fourth quarter 2022. Full year 2023 revenue is expected to be $16.4 million as the Company transitioned manufacturing to the Eos Z3 TM Cube and ramped up its semi-automated manufacturing facility. As a result of this transition, full year 2023 gross margin is expected to improve by 30% to 50% over the prior year. The Company had an ending cash balance (excluding restricted cash) of $69.5 million and an orders backlog of $534.8 million as of December 31, 2023. The Company also provided further details on its first state-of-the-art manufacturing line and its preliminary fourth quarter and full year 2023 revenue. State-of-the-Art Manufacturing Line Update At the end of January, the
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EOSE
News
- Eos Energy Enterprises Provides Business Update [Yahoo! Finance]Yahoo! Finance
- Eos Energy Enterprises Provides Business UpdateGlobeNewswire
- Pleasing Signs As A Number Of Insiders Buy Eos Energy Enterprises Stock [Yahoo! Finance]Yahoo! Finance
- Eos Energy and Pine Gate Renewables Sign Agreement to Expand Existing Relationship [Yahoo! Finance]Yahoo! Finance
- Eos Energy and Pine Gate Renewables Sign Agreement to Expand Existing RelationshipGlobeNewswire
EOSE
Earnings
- 11/6/23 - Beat
EOSE
Sec Filings
- 4/23/24 - Form 8-K
- 4/2/24 - Form ARS
- 4/2/24 - Form DEF
- EOSE's page on the SEC website