A downtrend has been apparent in ESS Tech, Inc. (GWH) lately. While the stock has lost 7.1% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnin ...

ESS Tech, Inc. (GWH) came out with a quarterly loss of $0.9 per share versus the Zacks Consensus Estimate of a loss of $0.88. This compares to a loss of $1.8 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.27%. A quarter ago, it was expected that this company would post a loss of $1.66 per share when it actually produced a loss of $1.5, delivering a surprise of +9.64%.Over the last four quarters, the company has surpassed c ...

Financial Data and Key Metrics Changes - The company reported GAAP revenue of $2.4 million, a 294% increase from the previous year, driven by deliveries of energy warehouses and energy centers [15] - GAAP cost of revenues decreased by 15% compared to the previous year, amounting to $7.5 million [15] - GAAP operating expenses fell by 35% quarter over quarter to $6.4 million, reflecting effective cost reduction efforts [15] - The net loss improved by 50%, and adjusted EBITDA improved nearly 60% compared to the same quarter last year [11] Business Line Data and Key Metrics Changes - The company secured its first commercial order for the energy base, an eight megawatt hour project expected to be delivered in 2026 [9] - The cost of revenue decreased by 37% year over year, indicating improved operational efficiency [11] - The company reported a significant reduction in operating cash burn rate, down approximately 80% in June compared to the first quarter average [9] Market Data and Key Metrics Changes - The company noted strong interest in long duration energy storage solutions, with 100% of its pipeline now focused on energy base or core component sales [12] - Proposal activity exceeded 1.1 gigawatt hours since the launch of the energy base, highlighting market demand [12] Company Strategy and Development Direction - The company is focused on three core priorities: delivering on customer commitments, scaling with discipline, and converting commercial momentum into long-term growth [21] - A strategic pivot has been made to position the company for long-term success, including leadership changes to enhance operational capabilities [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capture value as long duration storage becomes a strategic imperative across markets [19] - The company is optimistic about the impact of recent legislation on investment tax credits, which should benefit its domestic manufacturing and supply chain [18] Other Important Information - The company secured up to $31 million in new capital, including a standby equity purchase agreement for up to $25 million [16] - Cash and cash equivalents at the end of July were reported at $7.2 million, a significant improvement from the end of the second quarter [17] Q&A Session Summary Question: What kind of traction is being seen with the energy base proposals? - The company has already converted one proposal into a sale and expects to convert additional proposals into backlog in the second half of the year [26] Question: How should revenue trajectory be expected to change in Q3 and Q4? - The company is not providing guidance on revenue for the latter half of the year but hopes to close contracts that will provide clarity on future revenue [28] Question: How much of the $31 million capital has been secured so far? - The company reported $7.2 million in cash and cash equivalents, including $2 million raised under the standby equity purchase agreement [30] Question: What is the outlook for cash burn into Q3 and Q4? - The company aims to continue reducing cash burn and is focused on right-sizing the business and securing extended payment terms with vendors [32]

Product & Strategy - Launched the Energy Base product, featuring a configurable Iron Core for gigawatt-hour storage capacity[11, 18] - The Energy Base utilizes existing iron flow battery modules and scalable enclosures to extend duration up to 22 hours[27] - ESS manufactures core components in-house and procures the balance of system from preferred vendors[22] - Partnered with Honeywell to optimize Energy Base design for quality, cost-efficiency, and scale[24, 26] Market & Applications - Data centers' electricity demand is projected to grow to 800 TWh by 2026, increasing the risk of infrastructure failure[31] - Power disruption accounts for 54% of impactful data center outages[34] - ESS Energy Base provides a safe, scalable, and cost-effective alternative to traditional power solutions for data centers[32] Manufacturing & Cost - Commissioning a second automated battery manufacturing line ("Line 2") in H2 2025 to increase capacity[41] - Capital efficiency improves with the shift from Energy Centers to Energy Bases, reducing capex per unit[41] - ESS products qualify for the domestic content ITC adder due to being 98% domestically sourced and 100% domestically manufactured[42] Financial Performance - Q2 2025 revenue reached $2.4 million, a 578% increase compared to Q2 2024's $0.3 million[49] - Q2 2025 net loss was ($11.1) million, a 50% improvement compared to Q2 2024's ($21.9) million[49] - Adjusted EBITDA for Q2 2025 was ($7.8) million, a 59% improvement compared to Q2 2024's ($18.8) million[49]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 001-39525 ESS Tech, Inc. (Exact name of registrant as specified in its charter) (State or other ju ...

Wall Street expects a year-over-year increase in earnings on higher revenues when ESS Tech, Inc. (GWH) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may m ...

Exhibit 10.1 Execution Version STANDBY EQUITY PURCHASE AGREEMENT THIS STANDBY EQUITY PURCHASE AGREEMENT (this "Agreement") dated as of July 9, 2025, is made by and between YA II PN, LTD., a Cayman Islands exempt limited company (the "Investor"), and ESS TECH, INC., a company incorporated under the laws of the State of Delaware (the "Company"). The Investor and the Company may be referred to herein individually as a "Party" and collectively as the "Parties." WHEREAS, the Parties desire that, upon the terms a ...

Core Viewpoint - ESS Tech, Inc. (GWH) has experienced a bearish price trend, losing 14.7% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which supports a bullish outlook for the stock [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control over the price during a downtrend [4][5]. - The occurrence of a hammer pattern at the bottom of a downtrend suggests that bulls may have successfully halted further price declines, indicating a potential trend reversal [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for GWH, which is a bullish indicator, as it typically leads to price appreciation in the near term [7]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 6.8%, indicating that sell-side analysts expect better earnings than previously predicted [8]. - GWH currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9].

Company Performance - ESS Tech, Inc. reported a quarterly loss of $1.50 per share, which was better than the Zacks Consensus Estimate of a loss of $1.66, representing an earnings surprise of 9.64% [1] - The company posted revenues of $0.6 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 75.04%, compared to year-ago revenues of $2.74 million [2] - Over the last four quarters, ESS Tech has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Movement and Outlook - ESS Tech shares have declined approximately 53.4% since the beginning of the year, while the S&P 500 has gained 0.2% [3] - The company's earnings outlook is crucial for understanding future stock movements, with current consensus EPS estimates at -$1.01 on $1.5 million in revenues for the coming quarter and -$4.53 on $8.5 million in revenues for the current fiscal year [4][7] Industry Context - The Electronics - Miscellaneous Products industry, to which ESS Tech belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Ess Tech (GWH) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Company Participants Erik Bylin - Head-Investor RelationsKelly Goodman - Interim CEOAnthony Rabb - Chief Financial OfficerThomas Boyes - VP - Equity Research Conference Call Participants Justin Clare - MD & Research AnalystBen Kallo - Senior Research Analyst Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in listen only mode. Later, we will conduct a question and answer session. I would now like to tur ...