Eos Energy Enterprises Reports Fourth Quarter & Full Year 2023 Financial Results and Provides 2024 Outlook
Eos Energy Enterprises, Inc. (EOSE)
Company Research
Source: GlobeNewswire
EDISON, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced financial results for the fourth quarter and full year ended December 31, 2023, and announced 2024 outlook. Fourth Quarter Highlights Revenue totaled $6.6 million, a 148% increase compared to prior year, as the Company fully transitioned production to the Eos Z3TM Cube on its semi-automated manufacturing line.Cost of Goods Sold totaled $30.4 million, a 66% gross margin improvement compared to prior year resulting from the Eos Z3 battery’s simple design that utilizes low-cost raw materials combined with a streamlined manufacturing process.Operating expenses totaled $18.5 million; a 10% reduction compared to Q4 2022. Cash balance of $69.5 million (excluding restricted cash) as of December 31, 2023. Commercial opportunity pipeline of $13 b
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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