Zinc-based energy storage solutions provider Eos Energy Enterprises reported fourth quarter and full year 2024 results in line with its recently revised guidance. However, with the company remaining in the process of ramping up production of its Z3 energy storage system, cash usage of $55.9 million reached a new all-time high. Despite expectations for a weak first quarter, management reiterated ambitious full-year projections.
EOSE expects revenues between $150 million and $190 million for 2025.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE ) Q4 2024 - Earnings Conference Call March 5, 2025 8:30 AM ET Company Participants Liz Higley - Director, IR Joe Mastrangelo - CEO Nathan Kroeker - Chief Commercial Officer Conference Call Participants Thomas Boyes - TD Cowen Stephen Gengaro - Stifel Chip Moore - ROTH Capital Partners Tom Curran - Seaport Research Martin Malloy - Johnson Rice and Company Operator Good morning, and welcome to the Eos Energy Enterprise Fourth Quarter 2024 Conference Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording.
Eos Energy Enterprises, Inc. (EOSE) came out with a quarterly loss of $2.20 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.16 per share a year ago.
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Eos Energy Enterprises is a strong buy due to its innovative energy storage solutions and expected 10x revenue growth by 2025. EOSE's business model includes Znyth™ battery energy storage systems and software services, creating a stable SaaS revenue stream alongside product sales. Significant investments and strategic partnerships, including a $315 million investment from Cerberus, have positioned EOSE for rapid expansion and scalability.
EOSE projects 2025 revenues between $150 million and $190 million, almost 10 times the 2024 reported level.
Eos Energy Enterprises (EOSE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
EDISON, N.J., Jan. 16, 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 (LDES) systems sourced and manufactured in the United States, today announced preliminary revenue results for the full-year ended December 31, 2024, and revenue outlook for 2025.
Surging demand drives Company to expand and accelerate manufacturing footprint for zinc-based energy storage in the United States Surging demand drives Company to expand and accelerate manufacturing footprint for zinc-based energy storage in the United States