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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024財年三季報
美股SEC公告 ·  11/06 06:01

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Eos Energy, a provider of innovative Znyth™ technology battery energy storage systems (BESS), reported mixed financial results for the third quarter of 2024. Revenue for the quarter increased by 25% year-over-year to $854,000, while the nine-month period saw a 14% decrease to $8.35 million. The company's cost of goods sold rose by 21% for the quarter and 15% for the nine-month period, primarily due to inventory reserve adjustments and increased project commissioning costs. Research and development expenses surged by 130% for the quarter, reflecting higher spending on materials and supplies for the automated line. Selling, general, and administrative expenses also increased by 36% for the quarter. Eos Energy recognized a gain on debt extinguishment of $68.5 million from the payoff of the Senior Secured Term...Show More
Eos Energy, a provider of innovative Znyth™ technology battery energy storage systems (BESS), reported mixed financial results for the third quarter of 2024. Revenue for the quarter increased by 25% year-over-year to $854,000, while the nine-month period saw a 14% decrease to $8.35 million. The company's cost of goods sold rose by 21% for the quarter and 15% for the nine-month period, primarily due to inventory reserve adjustments and increased project commissioning costs. Research and development expenses surged by 130% for the quarter, reflecting higher spending on materials and supplies for the automated line. Selling, general, and administrative expenses also increased by 36% for the quarter. Eos Energy recognized a gain on debt extinguishment of $68.5 million from the payoff of the Senior Secured Term Loan. The company's liquidity position includes $23.0 million in unrestricted cash and cash equivalents as of September 30, 2024. Eos Energy continues to invest in the refinement and production of its Z3 battery, with the transition to the Z3 battery fully underway and commercial production started. The company has entered into supply and pricing agreements with TETRA Technologies and SHPP US LLC, respectively, and has achieved 'Power On' status for its first state-of-the-art manufacturing line. Future plans include pursuing grants under the Bipartisan Infrastructure Law and leveraging the Inflation Reduction Act for production tax credits. Eos Energy is also working to finalize a loan with the Department of Energy to fund manufacturing expansion. Despite these developments, the company acknowledges the need for additional capital to sustain operations and reach profitability.
eos energy,一家提供創新的Znyth™技術電池儲能系統(BESS)的公司,報告稱2024年第三季度的財務狀況存在爭議。當季營收同比增長25%,達到854,000美元,而爲期九個月的營收同比下降14%,降至835萬美元。該公司的營業成本分別因存貨準備調整和項目投產成本增加而導致當季和九個月期間分別上升了21%和15%。研發支出當季激增130%,反映出自動化生產線上材料和物資支出的增加。銷售、總務及管理費用當季同比增長36%。eos energy通過償還優先擔保期限貸款實現了6850萬美元的債務攤銷收益。截至2024年9月30日,該公司流動資產包括2300萬美元的非限制性現金及現金等價物...展開全部
eos energy,一家提供創新的Znyth™技術電池儲能系統(BESS)的公司,報告稱2024年第三季度的財務狀況存在爭議。當季營收同比增長25%,達到854,000美元,而爲期九個月的營收同比下降14%,降至835萬美元。該公司的營業成本分別因存貨準備調整和項目投產成本增加而導致當季和九個月期間分別上升了21%和15%。研發支出當季激增130%,反映出自動化生產線上材料和物資支出的增加。銷售、總務及管理費用當季同比增長36%。eos energy通過償還優先擔保期限貸款實現了6850萬美元的債務攤銷收益。截至2024年9月30日,該公司流動資產包括2300萬美元的非限制性現金及現金等價物。eos energy繼續投資於其Z3電池的改進和生產,Z3電池的轉型全面啓動,商業生產已開始。公司已分別與脂鯉技術和SHPP US LLC達成供貨和定價協議,併爲首個最先進製造線取得了「Power On」狀態。未來計劃包括根據兩黨基礎設施法案尋求補助,並利用通脹減免法案獲取生產稅收抵免。eos energy還致力於與能源部敲定貸款協議,用於製造擴張。儘管有這些進展,公司承認需要額外資本來維持運營並實現盈利。

譯文內容由第三人軟體翻譯。


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