Record Quarterly Revenue
EOS reported $10.5 million in revenue for Q1 2025, marking a 58% year-over-year and 44% growth from the prior quarter.
Strong Cash Position
EOS ended the quarter with over $111 million in total cash, supported by strategic partnerships and investments.
Increased Manufacturing Output
Q1 deliveries were 51% higher than Q4 2024, with April production volumes reaching 75% of Q1 volumes, indicating significant operational efficiency improvements.
Growing Commercial Pipeline
The company's pipeline grew 17% year-over-year to $15.6 billion, representing 60 gigawatt hours of long-duration energy storage.
Strategic MOUs Signed
Important MOUs signed include a 5-gigawatt-hour agreement with Frontier Power in the UK and a 400-megawatt-hour project with Trip Ventures in Puerto Rico.
Gross Margin Improvement
Underlying gross margin improved by 93 percentage points year-over-year and 89 percentage points from the previous quarter.