Education
About Us
Working with TipRanks
Follow Us
Ess Tech, Inc. (GWH)
:GWH
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-1.24Last Year’s EPS
-1.8Same Quarter Last Year
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: -16.41%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment. While there were positive developments such as the successful launch of the energy base product and strategic shifts towards longer duration storage, these were overshadowed by significant challenges in capital raising and ongoing negative EBITDA. The company is facing a challenging capital markets environment, yet it shows promise with its strategic direction and domestic manufacturing capabilities.Company Guidance
During the first quarter of fiscal year 2025, ESS reported revenue of $600,000, with 65% from equipment and 35% from site preparation, primarily tied to final deliveries of battery systems to a Florida utility customer. The company anticipates maintaining similar revenue levels in the first half of the year, with a ramp expected in the second half based on energy-based sales. ESS secured a pilot project in Arizona for a 50 MWh, 5 MW non-lithium project, with potential for a 2 GWh, 200 MW follow-on project. The company is focusing on its energy-based product, which offers 10+ hour storage and competitive pricing, and is supported by positive legislative tailwinds for domestic battery manufacturing. Despite current challenges in capital raising, ESS is pursuing various financing options to extend its runway and is working towards a strategic capital raise to strengthen its balance sheet. The company reported a GAAP cost of revenue of $8.7 million and adjusted EBITDA of negative $15 million for the quarter, with ongoing efforts to reduce costs and improve cash flow.Successful Energy Base Product Launch
ESS successfully launched the energy base product, securing early momentum by winning a competitive 50 megawatt hour, 5 megawatt pilot project with an Arizona public utility. This indicates significant emerging demand for non-lithium ion longer duration storage technologies.
Strategic Shift to Longer Duration Storage
ESS's strategic pivot to focus on longer duration storage opportunities (10+ hours) with the energy base product is yielding results. Proposal activity has increased substantially, totaling approximately 1.2 gigawatt hours and $400 million in the last two quarters.
Strong Domestic Manufacturing Position
ESS has a high degree of American-made inputs, with over 98% of components sourced domestically. This positions them well amidst changing tariff landscapes and legislative support for domestic battery manufacturing.
---
GWH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GWH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $2.56 | $2.14 | -16.41% |
Mar 31, 2025 | $3.26 | $2.85 | -12.58% |
Nov 13, 2024 | $8.90 | $7.33 | -17.64% |
Aug 14, 2024 | $10.02 | $8.71 | -13.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Ess Tech, Inc. (GWH) report earnings?
Ess Tech, Inc. (GWH) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Ess Tech, Inc. (GWH) earnings time?
Ess Tech, Inc. (GWH) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GWH EPS forecast?
GWH EPS forecast for the fiscal quarter 2025 (Q2) is -1.24.
---