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 September 30, 2024 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 jurisdict ...

For release Eos Energy Enterprises Reports Third Quarter 2024 Financial Results and Updates 2024 Outlook . Achieved Cerberus second tranche performance milestones; received incremental $65 million, providing essential capital to serve growing BESS demand Announced a 216 MWh purchase order with City Utilities of Springfield, Missouri, Eos' . largest municipal community owned order to date; shipments expected to begin in 2025 . Working closely with Cerberus and the Department of Energy's Loan Programs Office, ...

Achieved Cerberus second tranche performance milestones; received incremental $65 million, providing essential capital to serve growing BESS demandAnnounced a 216 MWh purchase order with City Utilities of Springfield, Missouri, Eos’ largest municipal community owned order to date; shipments expected to begin in 2025Working closely with Cerberus and the Department of Energy’s Loan Programs Office, Eos has submitted critical final documents and expects loan closing in 2024Signed agreement with Cerberus Techno ...

TURTLE CREEK, Pa., Oct. 31, 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 the successful achievement of all four of the second performance milestones previously agreed upon between Eos and an affiliate of Cerberus Capital Management LP (“Cerberus”) as part of Cerberus’s strategic investment in the Company. Achieving these performan ...

EDISON, N.J., Oct. 22, 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 it will release its third quarter 2024 financial results after the U.S. market closes on November 5, 2024. A conference call to discuss its results will take place the following morning on November 6 at 8:30 a.m. Eastern Time. Registration Information A live webca ...

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Liz Higley - Director, Investor Relations Joe Mastrangelo - Chief Executive Officer Nathan Kroeker - Chief Financial Officer Conference Call Participants Chip Moore - ROTH Martin Malloy - Johnson Rice & Company Ryan Pfingst - B. Riley Operator Ladies and gentlemen, thank you for standing by. My name is Desiree and I will be your conference operator today. At this time, I would like to w ...

Eos Energy Enterprises, Inc. (EOSE) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -57.89%. A quarter ago, it was expected that this company would post a loss of $0.24 per share when it actually produced a loss of $0.23, delivering a surprise of 4.17%. Over the last four quarters, the compa ...

Legal and Litigation Matters - A class action lawsuit was settled with a payment of $8,500, fully funded by the company's D&O liability insurance policies, with the company retaining approximately $1,000 for legal fees[136] - Another class action lawsuit alleges violations of federal securities laws, with the company denying the allegations and vigorously defending against the action[137] Financial Performance and Expenses - Revenue for Q2 2024 increased by $0.6 million (261%) to $0.9 million, driven by higher product component and commissioning sales[167] - Cost of goods sold for Q2 2024 increased by $2.9 million (26%) to $14.1 million, primarily due to project commissioning costs and new manufacturing line implementation[168] - Research and development expenses decreased by $0.8 million (15%) to $4.3 million in Q2 2024, driven by lower spending on materials and supplies[170] - Selling, general, and administrative expenses decreased by $1.8 million (14%) to $11.3 million in Q2 2024, primarily due to lower legal expenses and stock compensation costs[173] - Interest expense related to the 2021 Convertible Note Payable was $3.48 million for Q2 2024, compared to $3.01 million in Q2 2023[175] - Total interest expense related to parties was $4.91 million for Q2 2024, a significant decrease from $14.76 million in Q2 2023[175] - The company recognized a gain on debt extinguishment of $68.5 million in Q2 2024 from the payoff of the Senior Secured Term Loan[179] - Other expense increased by $2.4 million in Q2 2024 compared to Q2 2023, primarily due to financing issuance costs[181] - Income tax expense was $8,000 for Q2 2024, up from $2,000 in Q2 2023[182] - Net cash used in operating activities was $66.8 million for the six months ended June 30, 2024, driven by a net loss of $74.9 million[194] - Net cash provided by financing activities was $50.0 million for the six months ended June 30, 2024, primarily due to proceeds from the Credit and Securities Purchase Transaction of $70.1 million[197] - Total capital expenditures for the six months ended June 30, 2024 were $10.3 million, compared to $10.1 million in the same period in 2023[191] - Net cash used in investing activities for the six months ended June 30, 2024 was $10.3 million, primarily for purchases of property, plant, and equipment[196] - The company's net cash used in operating activities for the six months ended June 30, 2023 was $75.6 million, driven by a net loss of $203.2 million[195] Stock and Compensation - Stock-based compensation expense for the three months ended June 30, 2024, was $1,857, with $90 from stock options and $1,767 from restricted stock units[138] - Total unrecognized compensation expense as of June 30, 2024, was $10,529 attributable to unvested restricted stock units, expected to be recognized over a weighted-average remaining vesting period of 2.0 years[140] Debt and Financing - The company entered into a Credit Agreement for a $210.5 million Delayed Draw Term Loan and a $105.0 million revolving credit facility[185] - Future debt obligations as of June 30, 2024 include $161.5 million for the Delayed Draw Term Loan and $134.3 million for the 2021 Convertible Note[200] - The fair value of the Delayed Draw Term Loan was estimated using a discounted cash flow method, with significant unobservable inputs such as debt yield and DLOM[204] Liquidity and Cash Position - The company had $52.5 million in unrestricted cash and cash equivalents as of June 30, 2024[187] - The company's liquidity and ability to continue as a going concern is subject to substantial doubt[188] - The company raised $14.1 million through the sale of 16,627,523 shares under the ATM offering program at an average price of $0.87 per share[189] - Secured a strategic investment of up to $315.5 million from Cerberus, with the first installment of $75.0 million funded on June 21, 2024[189] Supply Agreements and Partnerships - The company entered into a long-term supply agreement with a minimum volume commitment in June 2022, and is currently negotiating an extension to the agreement[135] - The company entered into a supply agreement with TETRA Technologies for electrolyte products and a pricing agreement with SABIC for conductive composite thermoplastic[165] Technology and Product Development - The company's Znyth™ technology battery energy storage system is designed to manage grid complexity and price volatility, with the Z3 battery module being the core of its innovative systems[158] - The company's growth strategy includes increasing sales of battery energy storage systems and related software and services through a direct sales team and sales channel partners[159] - The Z3 battery reduces cost and weight, improves manufacturability, and offers 2x energy density per square foot with 50% fewer cells and 98% fewer welds compared to Gen 2.3[160] - The Z3 battery transition is underway, with the first semi-automated manufacturing line installed and commercial production started[160] - The company expects the Z3 battery to enable multiple daily cycles with the same safety, reliability, and recyclability as previous models[160] Government and Tax Incentives - The company received a Conditional Commitment Letter from the DOE for a loan of up to $398.6 million to fund 80% of eligible costs for manufacturing expansion[163] - The Inflation Reduction Act offers a 10-year tax credit, with potential additional credits for projects in energy communities and those meeting domestic content requirements[164] - The company is working with the DOE for a potential loan of up to $398.6 million through the Clean Energy Financing Program[187] Leases and Future Obligations - The company has future lease payments of $5.0 million under non-cancellable operating and financing leases, expiring prior to 2028[199] Accumulated Deficit - The company has an accumulated deficit of $950.7 million as of June 30, 2024[187]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1 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): August 6, 2024 | --- | --- | --- | |--------------------------------------------------------|------------------------------------------------------------------------------------|---------------------------------------| | Delaware | (Exact name of registrant as specified in its charter) \n001- ...

Contacts Investors: ir@eose.com Media: media@eose.com Registration Information The conference call replay will be available via webcast through Eos' investor relations website for twelve months following the live presentation. The webcast replay will be available from 11:30 a.m. ET on August 7, 2024, and can be accessed by visiting https://investors.eose.com/events-and-presentations. EDISON, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the "Company"), a leadi ...