Financial Performance - Q1 2025 revenue reached $105 million, a 58% increase compared to Q1 2024[11] - Orders backlog as of March 31, 2025, stood at $6809 million, representing approximately 26 GWh[11] - Adjusted EBITDA loss was $432 million, a 17% increase compared to $369 million in Q1 2024[21] Commercial Growth - The commercial pipeline is valued at $156 billion, representing approximately 60 GWh[11] - Total commercial activity amounts to $291 billion, representing 115 GWh[24] - Booked orders totaled $92 million, including orders from 2 new customers[11] - The company secured 54 GWh in new Memorandums of Understanding (MOUs)[25] Operational Improvements - The company realized a 64% cost-out from product launch and a 77% volume-adjusted cost-out[16] - Manufacturing customer deliveries increased by 51% in Q1 compared to Q4 2024[15] - The company achieved significant output increases through subassembly automation, with terminal output up by 363% and bipolar output up by 332%[20] Guidance - The company reiterated its fiscal year 2025 revenue guidance of $150 million to $190 million, which is at least 10 times the full-year 2024 results[15]

Financial Performance - For the three months ended March 31, 2025, the Company reported revenue of $10.5 million, a 58% increase from $6.6 million in the same period of 2024, driven by higher product sales and increased selling prices [208][209]. - Cost of goods sold for the same period increased by $6.8 million or 24% to $35.0 million, primarily due to increased product sales volume, partially offset by a decrease in unit production costs [209][210]. - The company reported a net income of $15.1 million for the three months ended March 31, 2025, with negative cash flows from operations amounting to $28.9 million and an accumulated deficit of $1,546.6 million [227]. - The net cash used in operating activities was $28.9 million for the three months ended March 31, 2025, adjusted for non-cash items totaling $60.9 million [236]. - The company expects revenues to increase as it scales production to meet customer demand, despite current costs of goods sold exceeding revenues in the near term [209][210]. Expenses and Investments - Research and development expenses rose by $1.6 million or 31% to $6.8 million, attributed to higher payroll, stock-based compensation, and consulting costs to support business scaling [212][213]. - Selling, general and administrative expenses increased by $6.8 million or 47% to $21.0 million, mainly due to payroll and stock-based compensation costs related to expanded headcount [214][215]. - The company incurred capital expenditures of $4.9 million for the three months ended March 31, 2025, compared to $4.0 million for the same period in 2024, indicating an increase in investment to support growth [231]. Funding and Liquidity - The Company has received $68.3 million in funding under the DOE Loan Facility at an interest rate of 4.791%, with plans to expand manufacturing capacity to 8 GWh by 2027 [202][204]. - The company drew down $68.3 million under Tranche 1 of the DOE Loan Facility, which provides up to $303.5 million in funding, subject to certain conditions [226]. - The company has a liquidity position of $82.6 million in unrestricted cash and cash equivalents, with working capital of $94.8 million as of March 31, 2025 [230]. - The company has entered into a $210.5 million secured multi-draw facility and a $105.0 million revolving credit facility with Cerberus, enhancing its capital position [225]. Future Outlook and Risks - The company expects to continue incurring significant losses and negative cash flows until it reaches a scale of profitability [223]. - The company anticipates that it may be unable to comply with Minimum Consolidated EBITDA and Minimum Consolidated Revenue financial covenants beginning December 31, 2025, without securing a waiver or amendment [229]. - There have been no material changes in the company's market risk exposures for the three months ended March 31, 2025, compared to the previous year [244]. Product Development - The Eos Z3 battery, which began deliveries in Q3 2023, is designed to reduce costs and weight while enhancing performance, featuring 50% fewer cells and 98% fewer welds compared to the previous generation [199][200]. - The Company announced an $8 million standalone BESS order for the Naval Base of San Diego, funded by a grant from the California Energy Commission, highlighting its role in U.S. national security infrastructure [211]. Accounting and Financial Reporting - The company’s significant accounting policies are detailed in the Annual Report on Form 10-K for the year ended December 31, 2024 [242]. - There have been no material changes in critical accounting estimates in the company's Annual Report on Form 10-K for the year ended December 31, 2024 [243]. - The change in fair value of warrants resulted in a loss of $45.9 million for the three months ended March 31, 2025, compared to a gain of $2.9 million in 2024 [219].

[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)

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]

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]

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]

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]

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 ...

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 ...

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]