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Stock impact report

Eos Energy (EOSE) Q4 Earnings Beat Estimates, Revenues Up Y/Y [Yahoo! Finance]

Eos Energy Enterprises, Inc. (EOSE) 
Company Research Source: Yahoo! Finance
The company had reported a loss of 68 cents per share in the fourth quarter of 2022. Eos transitioned its entire manufacturing capacity from Gen 2.3 to the new Eos Z3 Cube. Operational benefits associated with the Z3 battery design that provides improved power density along with lower unit costs from its simpler mechanical design have started aiding results. The company reported net sales of $6.6 million in the reported quarter, which marked a 148% surge year over year as the company fully transitioned production to the Eos Z3Cube on its semi-automated manufacturing line. The top line missed the Zacks Consensus Estimate of $8 million. The cost of sales amounted to $30.4 million in the quarter, down 1.3% from the year-ago quarter's levels. EOSE reported a gross loss of $23.8 million compared with a gross loss of $28.1 million in the fourth quarter of 2022. Eos Energy Enterprises, Inc. Price, Consensus and EPS Surprise Eos Energy Enterprises, Inc. price-consensus-eps-surprise- Show less Read more
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