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Stock impact report

Eos Energy Enterprises Inc Reports Improved Margins and Outlook for 2024 [Yahoo! Finance]

Eos Energy Enterprises, Inc. (EOSE) 
Company Research Source: Yahoo! Finance
Operating Expenses : Q4 operating expenses decreased by 10% from Q4 2022. Backlog and Pipeline : Orders backlog increased by 15% to $534.8 million, with a commercial opportunity pipeline of $13 billion. 2024 Revenue Forecast : EOSE expects to recognize $60 million to $90 million in revenue for the full year 2024. Positive Contribution Margin : Anticipated in Q4 2024 as cost reduction actions take effect. Cash Position : Cash balance stood at $69.5 million as of December 31, 2023. Warning! GuruFocus has detected 7 Warning Signs with EOSE. On March 4, 2024, Eos Energy Enterprises Inc ( NASDAQ:EOSE ), a leader in zinc-based energy storage systems, released its financial results for the fourth quarter and full year ended December 31, 2023, along with a 2024 outlook through its 8-K filing . The company, known for its Eos Znyth battery technology, reported significant improvements in revenue and gross margins, reflecting the successful transition to its Eos Z3TM Cube and semi-a Show less Read more
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