Eos Energy announced preliminary second quarter results featuring record revenue of $68 to $69 million, driven by a significant increase in shipments. The company also reported a record backlog, although gross margins remain negative due to ongoing manufacturing expansion.

Key Highlights

  • Reports record preliminary revenue of $68 million to $69 million, with shipments increasing more than three-fold compared to the prior-year period.
  • Achieved a record backlog of approximately $807 million, a 25% increase from the prior quarter, signaling strong commercial momentum.
  • Gross margin loss is expected between 69% and 73%, attributed to start-up costs for a second commercial production line aimed at expanding capacity.