Eos Energy Earnings Miss Estimates in Q4, Revenues Rise 10% Y/Y

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]