ESS Tech, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results
ESS Tech, Inc. (GWH)
Company Research
Source: Business Wire
Lowered Q4 Adjusted EBITDA loss by More Than 50% year over yearExited 2023 with Cash and Short-Term Investments over $100 million; Expected to Carry ESS Well Into H1’25Delivered First Energy Warehouses to HoneywellEnergy Warehouse manufacturing cost lowered by 60% in 2023Target 40% 2024 EW Cost Reduction to Achieve non-GAAP Gross Margin Profitability WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced financial results for its fourth quarter and full year ended December 31, 2023.“During 2023 our team made significant progress towards our most important objectives, including securing transformative partnerships with LEAG and Honeywell, optimizing our internal operations, and pursuing design initiatives to lower production costs by improving manufacturability and scale. While we faced customer-related del
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News
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- Is There An Opportunity With ESS Tech, Inc.'s (NYSE:GWH) 29% Undervaluation? [Yahoo! Finance]Yahoo! Finance
GWH
Earnings
- 3/13/24 - Beat
GWH
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- GWH's page on the SEC website