Eos Energy Enterprises (EOSE) just unveiled an update.
The Company anticipates a robust quarter with revenue reaching $6.6 million thanks to completing its inaugural Texas project backed by a major North American infrastructure fund. Alongside, it’s looking at a promising 5-10% gross margin growth as it ramps up Z3 production. With a solid ending cash balance of $31.8 million and a hefty $602.7 million orders backlog, the preliminary figures for Q1 2024 suggest a strong financial position. However, these numbers are tentative and unaudited, so investors should temper expectations until the final, reviewed results are released.
Learn more about EOSE stock on TipRanks’ Stock Analysis page.
