Eos Energy Achieves Full-Year 2024 Revised Revenue Guidance and Provides 2025 Revenue Outlook of at Least 10x Full-Year 2024
Eos Energy Enterprises (NASDAQ: EOSE) announced it expects to meet its revised $15 million revenue guidance for full-year 2024, driven by increased Q4 customer deliveries after resolving supply chain bottlenecks for Z3 Inline Energy Cube deliveries. The company projects 2025 revenue between $150-190 million, representing at least 10x growth from 2024.
The company has strengthened its position by launching a comprehensive insurance program with Ariel Green, offering investment tax credit protections and warranty coverage. This program aims to enhance technology bankability and provide customers with additional operational and economic certainty.
The growth outlook is supported by increased production volume on their first state-of-the-art manufacturing line and improved supply chain capabilities. Eos is expected to achieve its next Cerberus milestones by January 31, 2025, unlocking additional funding.
Eos Energy Enterprises (NASDAQ: EOSE) ha annunciato di aspettarsi di raggiungere il suo obiettivo di fatturato rivisto di 15 milioni di dollari per l'anno intero 2024, grazie all'aumento delle consegne ai clienti nel quarto trimestre dopo aver risolto i collo di bottiglia nella catena di approvvigionamento per le consegne dei Z3 Inline Energy Cube. L'azienda prevede un fatturato per il 2025 compreso tra 150 e 190 milioni di dollari, rappresentando almeno un aumento di 10 volte rispetto al 2024.
L'azienda ha rafforzato la sua posizione lanciando un programma assicurativo completo con Ariel Green, che offre protezioni per i crediti d'imposta sugli investimenti e copertura di garanzia. Questo programma mira a migliorare la bancabilità della tecnologia e fornire ai clienti ulteriore certezza operativa ed economica.
Le prospettive di crescita sono supportate dall'aumento del volume di produzione sulla loro prima linea di produzione all'avanguardia e da capacità di supply chain migliorate. Eos prevede di raggiungere i suoi prossimi obiettivi Cerberus entro il 31 gennaio 2025, sbloccando ulteriori finanziamenti.
Eos Energy Enterprises (NASDAQ: EOSE) anunció que espera cumplir con su guía de ingresos revisada de 15 millones de dólares para el año completo 2024, impulsada por un aumento en las entregas a clientes en el cuarto trimestre tras resolver los cuellos de botella en la cadena de suministro para las entregas de Z3 Inline Energy Cube. La compañía proyecta ingresos para 2025 entre 150 y 190 millones de dólares, lo que representa un crecimiento de al menos 10 veces con respecto a 2024.
La empresa ha fortalecido su posición al lanzar un programa de seguros integral con Ariel Green, que ofrece protecciones de créditos fiscales por inversión y cobertura de garantía. Este programa tiene como objetivo mejorar la bancabilidad de la tecnología y proporcionar a los clientes mayor certeza operativa y económica.
Las perspectivas de crecimiento están respaldadas por un aumento en el volumen de producción de su primera línea de fabricación de última generación y capacidades mejoradas de la cadena de suministro. Se espera que Eos logre sus próximos hitos de Cerberus para el 31 de enero de 2025, desbloqueando financiamiento adicional.
Eos Energy Enterprises (NASDAQ: EOSE)는 공급망 병목 현상을 해결한 후 4분기 고객 배송 증가에 힘입어 2024년 전체 연간 수익 가이던스인 1500만 달러를 달성할 것으로 기대한다고 발표했습니다. 이 회사는 2025년 수익이 1억 5천만에서 1억 9천만 달러 사이가 될 것으로 예상하며, 이는 2024년에 비해 최소 10배 성장한 수치입니다.
회사는 Ariel Green과 함께 종합 보험 프로그램을 시작하여 투자 세액 공제 보호 및 보증 범위를 제공함으로써 입지를 강화하였습니다. 이 프로그램은 기술의 은행 가능성을 향상시키고 고객에게 추가적인 운영 및 경제적 확실성을 제공하는 것을 목표로 합니다.
성장 전망은 최신 제조 라인에서 생산량 증가와 개선된 공급망 능력에 의해 뒷받침됩니다. Eos는 2025년 1월 31일까지 다음 Cerberus 이정표를 달성할 것으로 예상하며, 이를 통해 추가 자금을 확보할 수 있습니다.
Eos Energy Enterprises (NASDAQ: EOSE) a annoncé s'attendre à respecter ses prévisions de revenus révisées de 15 millions de dollars pour l'année entière 2024, grâce à une augmentation des livraisons de clients au quatrième trimestre après avoir résolu les goulets d'étranglement de la chaîne d'approvisionnement pour les livraisons des Z3 Inline Energy Cube. L'entreprise prévoit des revenus pour 2025 compris entre 150 et 190 millions de dollars, représentant au moins une croissance de 10 fois par rapport à 2024.
L'entreprise a renforcé sa position en lançant un programme d'assurance complet avec Ariel Green, offrant des protections pour les crédits d'impôt sur les investissements et une couverture de garantie. Ce programme vise à améliorer la bancabilité de la technologie et à offrir aux clients une certitude opérationnelle et économique supplémentaire.
Les perspectives de croissance sont soutenues par une augmentation du volume de production sur leur première ligne de fabrication à la pointe de la technologie et des capacités de chaîne d'approvisionnement améliorées. Eos devrait atteindre ses prochaines étapes Cerberus d'ici le 31 janvier 2025, débloquant ainsi des financements supplémentaires.
Eos Energy Enterprises (NASDAQ: EOSE) gab bekannt, dass es erwartet, die überarbeiteten Umsatzprognosen von 15 Millionen Dollar für das Gesamtjahr 2024 zu erreichen, was durch erhöhte Kundenlieferungen im 4. Quartal unterstützt wird, nachdem Engpässe in der Lieferkette für die Lieferung der Z3 Inline Energy Cube behoben wurden. Das Unternehmen prognostiziert Einnahmen für 2025 zwischen 150 und 190 Millionen Dollar, was einem Wachstum von mindestens dem 10-fachen im Vergleich zu 2024 entspricht.
Das Unternehmen hat seine Position gestärkt, indem es ein umfassendes Versicherungsprogramm mit Ariel Green aufgelegt hat, das Schutz für Investitionssteuergutschriften und Garantieabdeckung bietet. Dieses Programm zielt darauf ab, die Bankierbarkeit der Technologie zu verbessern und den Kunden zusätzliche betriebliche und wirtschaftliche Sicherheit zu bieten.
Die Wachstumsprognose wird durch einen Anstieg des Produktionsvolumens an ihrer ersten hochmodernen Fertigungsstraße und verbesserte Lieferkettenfähigkeiten unterstützt. Eos wird voraussichtlich seine nächsten Cerberus-Meilensteine bis zum 31. Januar 2025 erreichen, wodurch zusätzliche Finanzmittel freigesetzt werden.
- Expected to achieve $15M revenue guidance for 2024
- Projected revenue of $150-190M for 2025, representing 10x growth
- Successfully resolved supply chain bottlenecks
- Launched comprehensive insurance program enhancing bankability
- On track to unlock next round of Cerberus funding
- current revenue of $15M for full-year 2024
- Previous supply chain bottlenecks affected Q3 2024 performance
Insights
The preliminary revenue results and 2025 outlook represent a pivotal moment for Eos Energy. Achieving the revised
The successful resolution of supply chain bottlenecks and manufacturing line optimization are positive indicators, but investors should carefully consider the execution risks in scaling production by 10x. The comprehensive insurance program through Ariel Green is strategically significant, addressing key bankability concerns by providing ITC protection and performance guarantees that could accelerate market adoption.
The upcoming Cerberus milestone in January 2025 is important for securing additional funding. While the ambitious revenue projection signals confidence, achieving this scale-up will require flawless execution in manufacturing, supply chain management and customer delivery.
The resolution of the Z3 Inline Energy Cube supply chain bottleneck through supplier diversification and enhanced performance marks a critical operational breakthrough. The company's ability to scale its first state-of-the-art manufacturing line to full production capacity will be the key determinant of meeting the ambitious 2025 revenue targets.
The emphasis on American-made manufacturing positions Eos strategically in the current market environment, particularly with growing demand for domestic energy storage solutions. However, scaling production by a factor of 10 in a single year presents significant operational challenges, including maintaining quality control, managing inventory and coordinating an expanded supplier network.
The introduction of comprehensive insurance products through Ariel Green represents a game-changing development in the long duration energy storage (LDES) space. By addressing key bankability concerns and providing performance guarantees, Eos is removing critical barriers to adoption in a historically risk-averse market.
The combination of enhanced warranty coverage, ITC protection and performance guarantees significantly strengthens Eos's competitive position in the growing LDES market. This comprehensive risk mitigation package, coupled with third-party validations and improved balance sheet strength, could accelerate market penetration and order conversion rates in 2025.
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.
The Company expects to achieve its revised
Looking ahead, Eos expects to achieve 2025 revenue between
“We ended 2024 strong. We successfully navigated a specific supply-chain bottleneck experienced during the third quarter,” said Joe Mastrangelo, Eos Chief Executive Officer. “Our operations team continues to diversify our supply chain while ramping up our state-of-the-art manufacturing line to full scale production. We anticipate at least 10x top-line growth in 2025 as we position Eos to be the preeminent American-made supplier of long duration energy storage systems.”
To accelerate opportunity pipeline conversion into orders backlog, Eos successfully launched a comprehensive insurance program with Ariel Green, a division of Ariel Re, to enhance the Company’s technology bankability. These products include investment tax credit (ITC) and ITC claw back protections, along with contractual warranty and performance guarantee backstop coverage. These customer-focused solutions, combined with extensive third-party validations and a stronger Company balance sheet, provide enhanced risk mitigation and greater operational and economic certainty.
“We continue to increase energy storage system operating hours in the field and our recent financing provides customers with the security of a stronger Company balance sheet. At the same time, we are also offering our customers and their financing partners additional assurance by providing this comprehensive optional suite of products,” said Nathan Kroeker, Eos Chief Financial Officer. “This ensures that our customers have a proven product built for long-term operational reliability and added confidence in their economic returns.”
Additionally, the Company is on track to achieve the next Cerberus milestones on January 31, 2025, to unlock the next round of funding. Eos will provide further commentary on its fourth quarter performance in connection with the release of its full-year and fourth quarter 2024 financial results in March with conference call timing and details to follow.
27th Annual Needham Growth Conference
As previously announced, Chief Executive Officer Joe Mastrangelo and Chief Financial Officer Nathan Kroeker of Eos will be presenting at the 27th Annual Needham Growth Conference this morning, Thursday, January 16th at 8:45 a.m. ET. A live webcast of the session will be available on the “Investor Relations” page of the Company’s website at Eos Website or by using the following link Needham Webcast. The session replay will be available via webcast through Eos’ investor relations website following the live event and can be accessed by visiting Eos Events and Presentations.
About Eos Energy Enterprises
Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.
| Contacts | |||
| Investors: | ir@eose.com | ||
| Media: | media@eose.com |
Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years ended December 31, 2024, December 31, 2025, our path to profitability and strategic outlook, our expectation that the preliminary results described in this press release will be consistent with financial results for the fourth quarter and fiscal year ended December 31, 2024 following the completion of our financial close procedures, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.
Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future, including the discretionary revolving facility from Cerberus; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; uncertainties around our ability to meet the applicable conditions precedent to funding under the DOE loan; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; risks resulting from the impact of global pandemics, including the novel coronavirus, Covid-19; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.
The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
FAQ
What is Eos Energy's (EOSE) projected revenue for 2025?
How much revenue did EOSE generate in 2024?
What insurance program did EOSE launch with Ariel Green?
When will EOSE reach its next Cerberus funding milestones?
How did EOSE resolve its supply chain bottlenecks in 2024?
