EOSE - Eos Energy Enterprises GAAP EPS of -$1.12 misses by $0.71 revenue of $0.25M misses by $1.27M
2023-08-14 16:54:57 ET
- Eos Energy Enterprises press release ( NASDAQ: EOSE ): Q2 GAAP EPS of -$1.12 misses by $0.71 .
- Revenue of $0.25M (-95.8% Y/Y) misses by $1.27M .
- $23.2 million cash balance on June 30, 2023, compared to $16.1 million on March 31, 2023.
- Booked $86.9 million in orders during the first half of 2023, resulting in an order backlog of $533.6 million as of June 30, 2023, a 17% increase compared to June 30, 2022.
- The Company continues to progress through the Department of Energy Loan Programs’ process for its Title XVII loan and is anticipating a decision regarding conditional approval in the near term
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Eos Energy Enterprises GAAP EPS of -$1.12 misses by $0.71, revenue of $0.25M misses by $1.27M