Eos Energy reports Q2 adjusted EPS ($2.77), consensus (14c)

Reports Q2 revenue $30.51M, consensus $39.55M. The company said net loss driven primarily by a $572.3M cumulative non-cash impact from the changes in fair value tied to mark-to-market adjustments driven by 122% increase in the company’s stock price as of September 30 and the corresponding loss recorded for the early retirement of convertible notes with a 26.5% interest rate. “We are in the midst of an energy super-cycle as the need for reliable, abundant energy both in the United States and globally continues to accelerate,” said Joe Mastrangelo, Eos Chief Executive Officer. “Achieving forecasted AI infrastructure growth requires baseload energy storage to support grid resilience, energy efficiency, and asset utilization. Whether coupled with fossil fuel generation, renewables, or nuclear, Eos is a flexible, commercially ready, American made solution that supports the nation’s growing energy requirements.”