RSS Eos Energy Announces 2024 Revenue Of $15 Mln, Sets 2025 Target

[Crax Bot]

Eos Energy Enterprises, Inc. (EOSE), an innovative American company specializing in zinc-based long-duration energy storage solutions, revealed its preliminary revenue outcomes for 2024 on Thursday, along with its revenue forecasts for 2025.

For the fiscal year concluding on December 31, 2024, Eos anticipates achieving its updated revenue target of $15 million. This achievement is attributed primarily to a substantial increase in customer deliveries during the fourth quarter. The enhancement in delivery rates was facilitated by overcoming previous supply chain issues associated with the new Z3 Inline Energy Cube.

Looking forward to 2025, Eos projects revenues to fall between $150 million and $190 million, aligning with its Strategic Outlook from December 2023.

On Thursday, EOSE shares concluded the trading session at $6.16, marking an 18.46 percent rise, equivalent to a $0.96 increase on the Nasdaq.

The material has been provided by InstaForex Company - www.instaforex.com

Click to read more...