NASDAQ$EOSE

Eos Energy Enterprises Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and full year ended December 31, 2021.

Eos Energy Enterprises reported Q4 revenue of $3.1 million, a 332% sequential growth from Q3. The company's commercial pipeline grew to $4.1 billion, with $51.3 million in orders received. They invested $5.4 million in Research and Development and finished the quarter with a cash balance of $105 million.

  • Fourth quarter revenue was $3.1 million from 8 customer projects, representing 332% sequential growth from the third quarter.
  • Operating leverage was delivered, with Cost of Goods Sold 5x lower than revenue growth sequentially.
  • The commercial pipeline increased to $4.1 billion, with $51.3 million in orders received during the fourth quarter.
  • The company invested $5.4 million in Research and Development to improve current and future technology.

Headline financials

Total Revenue

$3.1M

Previous: $184K+1587.0%
EPS (adj)

-$0.57

Previous: $0.00-14250100.0%
Capital Expenditures

$4.24M

Previous: $1.77M+140.3%
Free Cash Flow

-$39.8M

Previous: -$27.9M-42.8%
Net Income

-$30.6M

Previous: -$23.4M-30.7%
Operating Income

-$37.6M

Previous: -$15.6M-140.8%
Gross Profit

-$18M

Previous: -$468K-3750.9%
Cash & Equivalents

$105M

Previous: $122M-14.0%
Total Assets

$169M

Previous: $138M+22.4%
Stock-Based Comp

$4.97M

Previous: $4.81M+3.4%

Revenue & EPS history

Eos Energy · Revenue · Quarterly

$3.1M

Q4 2021+1,587%vs Q4 2020
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

Eos provided financial outlook for full year 2022.

Tailwinds

  • Deliver $50 million in revenue from current orders backlog.
  • Secure $400 million in incremental customer orders from $4+ billion pipeline.

Headwinds

  • Invest $25 million to $35 million capex to achieve 800 MWh capacity for future growth.

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 Q4 2021

Historical avgQ4 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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