2025-04-24 10:11:53 ET
Summary
- Eos Energy is guiding for revenue growth in the range of $150 million to $190 million for its fiscal 2025.
- The long-duration energy storage company ended its most recent reported quarter with cash and cash equivalents of $74.29 million.
- Negative free cash flow of $55.8 million keeps me away, but this is set to materially improve on the back of the sales ramp.
Eos Energy ( EOSE ) has had a remarkable past year. The common shares are up 528%, management closed on a $303.5 million Department of Energy loan guarantee in December, and it has notched a 5 GWh energy storage agreement with a UK-based renewable energy company. EOSE is now trading at a $1.05 billion market cap with demand for its zinc-based long-duration batteries ramping up. The company recorded revenue of $7.3 million for its fiscal 2024 fourth quarter, beating consensus by $760,000. Revenue for the full fiscal year 2024 was $15.6 million. Critically, EOSE expects a material ramp in revenue, guiding for full year 2025 revenue in the range of $150 million to $190 million. This company has been pre-revenue since it went public via a blank check company during the pandemic. 2025 revenue guidance represents an explosion of sales and an inflection point for the long-duration energy storage company. ...
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Eos Energy: Set For Material Revenue Growth Even In The Drill, Baby, Drill Era
