Eos Energy Enterprises(EOSE)
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Eos Energy Enterprises(EOSE) - 2025 Q1 - Quarterly Results
2025-05-06 20:13
[FORM 8-K Filing Details](index=1&type=section&id=FORM%208-K%20Filing%20Details) This section provides the foundational details of the Form 8-K filing, including registrant identification and securities information [Registrant Information](index=1&type=section&id=Registrant%20Information) This section provides the core identification details for the registrant, EOS Energy Enterprises, Inc., including its incorporation state, address, and contact information - The registrant is **EOS ENERGY ENTERPRISES, INC.**, incorporated in **Delaware**[1](index=1&type=chunk)[2](index=2&type=chunk) - The principal executive offices are located at **3920 Park Avenue, Edison, New Jersey 08820**, with a telephone number of **(732) 225-8400**[2](index=2&type=chunk) [Securities Information](index=1&type=section&id=Securities%20Information) Details the securities registered under Section 12(b) of the Act, specifying their class, trading symbols, and the exchange on which they are registered | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :------------------ | :---------------- | :---------------------------------------- | | Common stock, par value $0.0001 per share | EOSE | The Nasdaq Stock Market LLC | | Warrants, each exercisable for one share of common stock | EOSEW | The Nasdaq Stock Market LLC | - The registrant is **not an emerging growth company**[3](index=3&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=3&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section announces that Eos Energy Enterprises, Inc. issued a press release on May 6, 2025, detailing its financial results for the three months ended March 31, 2025, with the press release furnished as Exhibit 99.1 and not considered 'filed' for certain legal purposes - On **May 6, 2025**, Eos Energy Enterprises, Inc. issued a press release announcing **financial results** for the three months ended March 31, 2025[5](index=5&type=chunk) - A copy of the press release is furnished as **Exhibit 99.1**[5](index=5&type=chunk) - The information furnished under this Item 2.02 and in Exhibit 99.1 is **not deemed 'filed'** for purposes of Section 18 of the Securities Exchange Act of 1934[6](index=6&type=chunk) [Item 9.01 Financial Statement and Exhibits](index=3&type=section&id=Item%209.01%20Financial%20Statement%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K filing, primarily the press release detailing the financial results and the Inline XBRL formatted cover page | Exhibit Number | Description of Document | | :------------- | :-------------------------------------------- | | 99.1 | Press release announcing financial results, dated May 6, 2025 | | 104 | Cover page of this Current Report on Form 8-K formatted in Inline XBRL | [Signature](index=4&type=section&id=Signature) This section confirms the due authorization and signing of the report on behalf of EOS Energy Enterprises, Inc. by its Chief Financial Officer - The report was signed on **May 6, 2025**, by **Eric Javidi**, **Chief Financial Officer** of **EOS ENERGY ENTERPRISES, INC.**[9](index=9&type=chunk)[10](index=10&type=chunk)[11](index=11&type=chunk)
Eos Energy Enterprises Records Highest Quarterly Revenue and Reports First Quarter 2025 Financial Results and Reaffirms 2025 Outlook
Globenewswire· 2025-05-06 20:05
Core Insights - Eos Energy Enterprises, Inc. reported strong operating results for Q1 2025, with record production and shipment levels, indicating a positive trajectory towards long-term profitable growth [3][4][11] - The company anticipates full-year 2025 revenues between $150 million and $190 million, driven by increased production volume and automation in manufacturing [4][11] - Eos has expanded its commercial opportunity pipeline to $15.6 billion, reflecting a 10% increase from the previous quarter, supported by significant projects in Puerto Rico and California [5][7] Financial Performance - Revenue for Q1 2025 reached $10.5 million, marking a 58% increase year-over-year and a 44% increase quarter-over-quarter, attributed to higher customer deliveries [7][26] - The gross loss was $24.5 million, showing a 93-point margin improvement from the prior year due to increased production volumes and reduced product costs [7][26] - Operating expenses totaled $28.4 million, a 46% increase from the previous year, with a significant portion attributed to non-cash items and headcount growth [7][26] Operational Highlights - Eos achieved 15 out of 16 performance milestones set by Cerberus, leading to the full funding of a $210.5 million delayed draw term loan [10] - The company is expanding its manufacturing capacity from 1.25 GWh to 2 GWh annually by year-end 2025, with successful testing of its first terminal sub-assembly manufacturing cell [11] - Eos has signed two new memorandums of understanding (MOUs) to enhance its international presence, including a 400 MWh project in Puerto Rico and a 5 GWh project in the UK [5][8][9] Market Position and Strategy - Eos is positioned as a leader in zinc-based long-duration energy storage systems, emphasizing the importance of American-made solutions for energy independence [3][4] - The company’s innovative Znyth™ battery technology is designed to overcome limitations of conventional lithium-ion technology, focusing on safety, scalability, and sustainability [14] - Eos aims to enhance grid-scale resiliency, particularly in regions prone to extreme weather, aligning with its strategic focus on utility and commercial customers [8][9]
Eos Energy Enterprises Announces Date for First Quarter 2025 Financial Results and Conference Call
Newsfilter· 2025-04-22 20:01
Core Viewpoint - Eos Energy Enterprises, Inc. is set to release its first quarter 2025 financial results on May 6, 2025, with a conference call scheduled for May 7, 2025, to discuss these results [1] Group 1: Financial Results Announcement - Eos will announce its Q1 2025 financial results after the U.S. market closes on May 6, 2025 [1] - A conference call to discuss the results will occur on May 7, 2025, at 8:30 a.m. Eastern Time [1] Group 2: Shareholder Engagement - Eos has partnered with Say Technologies to allow both retail and institutional shareholders to submit and vote on questions prior to the earnings call [2] - The Q&A platform will open on April 24, 2025, and will remain available until May 2, 2025, for registered shareholders to submit questions [3] Group 3: Conference Call Logistics - The live webcast of the earnings call will be accessible on the Company's "Investor Relations" page [4] - Participants are encouraged to join the call fifteen minutes early to avoid delays [4] - A replay of the conference call will be available via webcast for twelve months following the live presentation [5] Group 4: Company Overview - Eos Energy Enterprises focuses on innovative energy storage solutions, specifically its Znyth™ aqueous zinc battery, which aims to address the limitations of lithium-ion technology [6] - The company emphasizes safety, scalability, efficiency, and sustainability in its products, which are manufactured in the U.S. [6] - Eos provides reliable energy storage alternatives for utility, industrial, and commercial customers, with applications lasting from 3 to 12 hours [6]
Top 3 Industrials Stocks That May Plunge This Month
Benzinga· 2025-04-16 12:37
Core Insights - Three stocks in the industrials sector are showing signs of being overbought, which may concern momentum-focused investors [1][2] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating overbought conditions [2] Company Summaries - **CoreCivic Inc (CXW)**: - Scheduled to release Q1 financial results on May 7 - Stock increased by approximately 16% in the past five days, reaching a 52-week high of $24.99 - Current RSI value is 71.1, with a price action gain of 2.7% to close at $22.10 [5] - Momentum score is 95.23, with a value score of 65.79 [5] - **Eos Energy Enterprises Inc (EOSE)**: - Announced a 5 GWh Memorandum of Understanding with Frontier Power for energy storage in the UK - Stock surged around 56% in the past five days, with a 52-week high of $6.64 - Current RSI value is 71.5, with a price action gain of 19.7% to close at $5.05 [5] - **eLong Power Holding Ltd (ELPW)**: - Received staff determination notices from Nasdaq on March 25 - Stock skyrocketed approximately 213% over the past month, reaching a 52-week high of $12.60 - Current RSI value is 87.1, with a price action gain of 43.2% to close at $2.19 [5]
Eos Energy Enterprises (EOSE) Moves 19.7% Higher: Will This Strength Last?
ZACKS· 2025-04-16 11:41
Company Overview - Eos Energy Enterprises, Inc. (EOSE) shares increased by 19.7% to close at $5.05, supported by high trading volume compared to normal sessions [1] - The stock has shown a 1.4% gain over the past four weeks [1] Recent Developments - Eos Energy signed a memorandum of understanding with Frontier Power Ltd., a UK-based developer of innovative energy solutions, for a five GWh energy storage framework, marking Eos' entry into the U.K. market [2] - Frontier plans to utilize Eos' Znyth battery technology in bids for Ofgem's new long-duration energy storage (LDES) cap and floor scheme [3] - The partnership aims to expand globally, potentially leading to local manufacturing development in the U.K. if significant LDES project volumes are achieved [3] Financial Expectations - Eos Energy is expected to report a quarterly loss of $0.19 per share, reflecting a year-over-year change of +17.4% [4] - Revenue expectations are set at $8.55 million, which is a 29.5% increase from the previous year [4] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that stock price movements may be limited without earnings estimate revisions [5] Industry Context - Eos Energy operates within the Zacks Industrial Services industry, where another company, Hudson Technologies (HDSN), experienced a 2.1% decline in its last trading session [5] - Hudson Technologies has a consensus EPS estimate of $0.01, representing a significant decline of -95% from the previous year [6]
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 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]
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]