NYSE$GWH
Ess Tech Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Announced fourth quarter and full year 2022 financial results, achieving record unit deliveries in Q4.
ESS Tech, Inc. reported its Q4 and full year 2022 financial results, highlighting a transformative year with landmark deals and significant progress in team building and manufacturing operations. The company achieved nearly 800 MWhs of annual capacity by year end and delivered a record 14 Energy Warehouses in the fourth quarter.
- Completed installation of fully automated manufacturing line in Q4, increasing annual production capacity to almost 800 MWh.
- Named a finalist of the 2022 Platts Global Energy Awards by S&P Global Commodity Insights.
- Entered into an agreement with Burbank Water and Power (BWP) to deliver BWP’s first utility-scale battery storage project.
- Announced an agreement to deliver two Energy Warehouse systems to Turlock Irrigation District (TID) in Central California.
Headline financials
Revenue & EPS history
ESS Tech · Revenue · Quarterly
$16K
Revenue by segment
ESS Tech · $1 total across 1 segment · Q1 2023
- Revenue - Related Parties$1—100.0%
Forward guidance
ESS plans to take a more calculated approach to scaling the business in 2023, leveraging team expertise to improve processes, optimize the supply base, and further drive down costs, with the expectation of driving considerable progress on unit profitability on Energy Warehouses.
Tailwinds
- Continue progress in the market
- Improve processes
- Optimize the supply base
- Drive down costs
- Drive considerable progress on unit profitability on Energy Warehouses
Headwinds
- Continuing supply chain issues
- Delays, disruptions, or quality control problems in the Company’s manufacturing operations
- The Company’s ability to hire, train and retain an adequate number of manufacturing employees
- Issues related to the shipment and installation of the Company’s products
- Risk of loss of government funding for customer projects
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-4.1%
Avg return
Earnings day
-9.7%
Avg return
5 days after
-16.4%
Avg return
30 days after
19%
4 / 21 earnings
Positive
+31.3%
Q1 2022
Best reaction
-34.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.6% | -33.1% | -21.8% | |
| Q4 2025 | -4.4% | -3.7% | -11.0% | |
| Q3 2025 | -34.5% | -40.7% | -50.8% | |
| Q1 2025 | -15.2% | -28.1% | -58.6% | |
| Q4 2024 | -12.6% | -27.0% | -27.6% | |
| Q3 2024 | -19.5% | -46.0% | -44.1% | |
| Q2 2024 | -12.9% | -16.5% | -45.8% | |
| Q1 2024 | -10.9% | -16.0% | -18.5% | |
| Q4 2023 | -5.8% | -19.5% | -17.8% | |
| Q3 2023 | -7.2% | -11.2% | -6.4% | |
| Q2 2023 | -4.1% | -20.9% | -11.0% | |
| Q1 2023 | +13.8% | +0.0% | +22.9% | |
| Q4 2022 | -8.2% | -13.7% | -23.6% | |
| Q3 2022 | -4.9% | -9.3% | -13.1% | |
| Q2 2022 | +13.5% | +18.3% | -6.9% | |
| Q1 2022 | +31.3% | +46.4% | -14.1% | |
| Q4 2021 | +12.1% | +25.6% | +43.2% | |
| Q2 2021 | -12.5% | -8.9% | -27.6% | |
| Q3 2021 | -1.1% | -0.3% | -13.1% | |
| Q1 2021 | +0.0% | +0.5% | +0.7% | |
| Q4 2020 | -0.9% | -0.4% | -0.1% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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