NASDAQ$EOSE

Eos Energy Enterprises Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Eos Energy Enterprises reported financial results for Q1 2021, showing progress against strategic initiatives.

Eos Energy Enterprises reported $0.2 million in revenue for the first quarter of 2021. The company reiterated its full-year 2021 revenue outlook of $50 million and booked orders of $300 million as of December 31, 2021.

  • Booked orders of $33 million year-to-date resulting in backlog of $50.5 million, as of May 11, 2021
  • Successfully shipped second and third commercial orders, as of May 11, 2021
  • Acquired the remaining 51% ownership stake in Hi-Power, LLC on April 9, 2021
  • Successfully attained UL certification for 9540A and on track for full UL certification in the second quarter 2021

Headline financials

Total Revenue

$164K

No prior period
EPS (adj)

-$0.42

Previous: -$0.19-123.8%
Capital Expenditures

-$4.49M

No prior period
Free Cash Flow

-$25.9M

No prior period
Net Income

-$21.5M

Previous: -$9.35M-129.5%
Operating Income

-$21.7M

Previous: -$4.99M-333.7%
Gross Profit

$64K

Previous: -$57K+212.3%
Cash & Equivalents

$101M

No prior period
Total Assets

$128M

No prior period

Revenue & EPS history

Eos Energy · Revenue · Quarterly

$164K

Q1 2021
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

Eos reiterates its financial outlook for full year 2021.

Tailwinds

  • Achieve full UL certification
  • Expand manufacturing capacity to 800 MWh
  • Launch Gen 3.0 (Z3) system technology
  • Invest in people
  • Invest in culture

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-3.5%

Avg return

Earnings day

-2.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

48%

12 / 25 earnings

Positive

+31.7%

Q1 2025

Best reaction

-39.3%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-8.2%-25.0%
Q4 2025-39.3%-45.6%-56.3%
Q3 2025+2.8%+24.6%+0.9%
Q1 2025+31.7%+25.6%-23.8%
Q4 2024+26.1%+0.0%-3.0%
Q3 2024-12.7%-8.6%+5.1%
Q2 2024-19.0%-15.1%+30.2%
Q1 2024+0.3%-0.8%+30.4%
Q4 2023+5.9%+2.0%-5.6%
Q3 2023-32.0%-35.0%-44.2%
Q2 2023+16.3%+25.1%+5.4%
Q1 2023+12.0%+27.1%+47.9%
Q4 2022-22.8%-18.4%+3.1%
Q3 2022-17.0%-21.6%-24.8%
Q2 2022-12.8%+2.3%-36.2%
Q1 2022-27.7%-26.7%+8.9%
Q4 2021-7.1%-16.0%+39.7%
Q3 2021-0.3%-0.1%-28.2%
Q2 2021-7.3%-11.6%-16.7%
Q1 2021-8.9%+3.4%+70.8%
Q2 2020+9.9%+3.6%-6.2%
Q4 2020+9.9%+3.6%-6.2%
Q3 2020-2.1%+30.0%+35.1%
Q4 2019+2.0%
Q1 2020+2.0%
Q3 2019
Q2 2019
Q1 2019

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