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Eos Energy Enterprises(EOSE) - 2025 Q1 - Quarterly Report
2025-05-06 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39291 EOS ENERGY ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Delaware 84-4290188 (State or other jurisdiction ...
Eos Energy Enterprises(EOSE) - 2025 Q1 - Quarterly Results
2025-05-06 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 6, 2025 EOS ENERGY ENTERPRISES, INC. (Exact name of registrant as specified in its charter) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant ...
Eos Energy Enterprises Records Highest Quarterly Revenue and Reports First Quarter 2025 Financial Results and Reaffirms 2025 Outlook
GlobeNewswire· 2025-05-06 20:05
$10.5 million quarterly revenue, highest in Company history as production ramps to deliver customer backlog Year-to-date shipments surpass full-year 2024 customer shipments with seven Z3 projects under installation and commissioningSuccessfully achieved 15 out of 16 total Cerberus performance milestones, with a no-penalty extension granted by Cerberus for the remaining cash receipt milestone through July 31, 2025Completed Site Acceptance Testing on first terminal sub-assembly manufacturing cell; now manufac ...
Eos Energy Enterprises Announces Date for First Quarter 2025 Financial Results and Conference Call
Newsfilter· 2025-04-22 20:01
EDISON, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), America's leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it will release its first quarter 2025 financial results after the U.S. market closes on May 6, 2025. A conference call to discuss its results will take place the following morning on May 7 at 8:30 a.m. Eastern T ...
Eos Energy Enterprises (EOSE) Moves 19.7% Higher: Will This Strength Last?
ZACKS· 2025-04-16 11:41
Eos Energy Enterprises, Inc. (EOSE) shares soared 19.7% in the last trading session to close at $5.05. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.4% gain over the past four weeks. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Eos Energy Enterprises gained on the news that it has signed a memorandum of understanding with Frontier Powe ...
Eos Energy and Frontier Power Announce 5 GWh Memorandum of Understanding to Advance Long-Duration Energy Storage in the United Kingdom
Newsfilter· 2025-04-15 12:30
EDISON, N.J. and WARWICKSHIRE, United Kingdom, April 15, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), America's leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it has signed a memorandum of understanding with Frontier Power Ltd. ("Frontier"), a UK-based energy developer, for a 5 GWh energy storage framework agreement. The agreement marks ...
Joseph Nigro Appointed to Eos Energy Enterprises Board of Directors
GlobeNewswire· 2025-03-27 20:10
Nigro brings decades of leadership experience in the energy and utility sectors, providing invaluable expertise to drive Eos’ growth and enhance its competitive positioning in the industryEDISON, N.J., March 27, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced that Joseph Nigro, form ...
Eos Energy: Sell On Debt Covenant Issues, Execution Risks And Elevated Valuation
Seeking Alpha· 2025-03-09 03:39
Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2] - The individual has a background in auditing with PricewaterhouseCoopers before transitioning to day trading [2]
Eos Energy Enterprises(EOSE) - 2024 Q4 - Earnings Call Transcript
2025-03-05 22:56
Financial Data and Key Metrics Changes - The company reported a revenue of $7.3 million for Q4 2024, which is 10% higher than the previous year and eight times the revenue from the most recent sequential quarter [68] - For the full year, revenue was $15.6 million, slightly down from $16.4 million in 2023, primarily due to supply chain challenges [72] - The net loss attributable to shareholders in 2024 was $685 million, significantly impacted by mark-to-market adjustments on fair valued debt [75] Business Line Data and Key Metrics Changes - The commercial pipeline stood at $14.4 billion, reflecting a 9% year-over-year improvement, with 36% of this being standalone storage [45] - The backlog at the end of the year was $682 million, representing 2.6 gigawatt hours of storage [53] - The company achieved a 122% increase in projects with durations of five hours or more, indicating a shift towards longer-duration storage solutions [49] Market Data and Key Metrics Changes - The company is seeing a 25% CAGR in the long-duration energy storage market over the next 10 years, positioning itself to benefit from this growth [14] - The company is focusing on both domestic and international markets, with particular attention to the UK, Latin America, Germany, and Italy as growth areas [52] Company Strategy and Development Direction - The company is committed to scaling operations in a high-growth environment, with plans to build additional capacity to meet increasing demand [11][29] - A strategic focus on subassembly automation and containerization is underway to enhance production efficiency and reduce costs [24][31] - The company aims to position itself as a leader in long-duration energy storage by leveraging its American-made technology and local sourcing [15][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to scale operations and manage supply chain challenges, with a revenue guidance of $150 million to $190 million for the upcoming year [79] - The company is optimistic about the future, citing strong demand for its technology and the ability to meet customer needs in a changing regulatory environment [12][17] Other Important Information - The company has achieved SOX compliance and remediated its material weakness, which is crucial for long-term growth [63] - The company ended the year with $103 million in cash, bolstered by successful funding efforts [64] Q&A Session Summary Question: What is the potential revenue cadence for the year? - Management indicated that both backlog composition and subassembly automation will influence revenue growth, with expectations for a ramp-up in the second and third quarters [90][92] Question: How is the supply chain for enclosures progressing? - The company has diversified its supply chain for enclosures and is ramping up production capacity, which will take time to scale effectively [104][105] Question: Can you provide more details on backlog growth? - Management noted that the backlog includes a significant portion of standalone storage projects and emphasized the importance of understanding the segmentation of the backlog [108]
Eos Energy Earnings Miss Estimates in Q4, Revenues Rise 10% Y/Y
ZACKS· 2025-03-05 18:01
Core Insights - Eos Energy Enterprises (EOSE) reported a wider loss of $2.20 per share in Q4 2024 compared to the Zacks Consensus Estimate of a loss of 25 cents, and a loss of 25 cents per share in Q4 2023 [1] - The company achieved net revenues of $7.3 million in the reported quarter, reflecting a 10% year-over-year growth and surpassing the Zacks Consensus Estimate of $6.5 million [2] - Eos Energy's gross loss remained flat at $23.5 million year-over-year, attributed to lower Z3 material costs offset by higher project execution costs [3] Financial Performance - The cost of sales for the quarter was $30.8 million, up 1.3% from the previous year [3] - Eos Energy reported an operating income of $28.2 million, which is a 52% increase from the year-ago quarter [3] - For the full year 2024, the company reported a loss of $4.55 per share, wider than the loss of $1.81 in 2023, with total revenues of $15.6 million, down 4.7% from $16.4 million in 2023 [5] Cash Position - As of December 31, 2024, Eos Energy had cash and cash equivalents of $74.3 million, an increase from $69.5 million as of December 31, 2023 [4] - The company utilized approximately $154 million in cash for operating activities in 2024, compared to $145 million in 2023 [4] Future Outlook - Eos Energy anticipates revenues between $150 million and $190 million for 2025, driven by increased production volume from its first manufacturing line [6] Stock Performance - Over the past year, Eos Energy's shares have increased by 255%, contrasting with a 10.9% decline in the industry [7]