Eos Energy reports FY22 EPS ($3.68), consensus ($3.70)

Reports FY22 revenue $17.9M, consensus $18.6M. Eos CEO Joe Mastrangelo said, "2022 was a year of continued growth. We were able to scale our factory and ramp up production with a 335% increase in shipments while developing and producing a less capital intensive, more efficient, denser, and lower-cost battery, the Eos Z3. Heading into 2023, we believe we are in one of the strongest positions in our company’s history as we continue to see a shift in the demand for longer duration energy storage. The passage of the IRA and our progression through the DOE loan due diligence phase provides the growth catalysts to expand our increasingly commercially viable technology."