Eos Energy Announces Prel 2024 Revenue Of $15 Million

(RTTNews) - Eos Energy Enterprises, Inc. (EOSE), a U.S.-based innovator in zinc-based long-duration energy storage systems, Thursday, announced its preliminary revenue results for 2024 and shared its revenue projections for this year.

For the full year ending December 31, 2024, Eos expects to meet its revised revenue guidance of $15 million. This performance was largely driven by a significant uptick in customer deliveries during the fourth quarter. The improved delivery rates stemmed from the resolution of previous supply chain bottlenecks related to the new Z3 Inline Energy Cube.

Looking ahead, Eos anticipates revenues of between $150 million and $190 million, consistent with its December 2023 Strategic Outlook.

EOSE is currently trading at $6.30 up 21.06 percent or $0.10 on the Nasdaq.