NYSE$GWH
Ess Tech Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced Q4 2023 financial results, lowered Q4 Adjusted EBITDA loss by more than 50% year over year, and exited 2023 with cash and short-term investments over $100 million.
ESS Tech, Inc. reported its Q4 and full year 2023 financial results, highlighting progress in securing partnerships, optimizing operations, and reducing production costs. The company delivered its first Energy Warehouses to Honeywell, lowered Energy Warehouse manufacturing costs by 60% in 2023, and aims for a further 40% cost reduction in 2024. Despite customer-related delays impacting financial results, ESS exited the year with over $100 million in cash and short-term investments.
- Lowered Q4 Adjusted EBITDA loss by more than 50% year over year.
- Exited 2023 with cash and short-term investments over $100 million.
- Delivered first Energy Warehouses to Honeywell.
- Energy Warehouse manufacturing cost lowered by 60% in 2023.
Headline financials
Revenue & EPS history
ESS Tech · Revenue · Quarterly
$2.8M
Revenue by segment
ESS Tech · $1 total across 1 segment · Q1 2023
- Revenue - Related Parties$1—100.0%
Forward guidance
ESS plans to further reduce EW unit costs by up to 40% as they move toward unit profitability while ramping our scale and maintaining a healthy cash balance.
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 2023
-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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