Eos Energy Enterprises Inc. (EOSE) stock soared 7.11% in after-hours trading on Tuesday, following the company's fourth quarter 2024 earnings report and several positive announcements.
The company reported a Q4 adjusted loss per share of $1.22, wider than the expected $0.22 loss. However, revenue rose 10% year-over-year to $7.3 million, beating estimates of $6.4 million. Importantly, Eos reaffirmed its full-year 2025 revenue guidance range of $150 million to $190 million, driven by increased production from its manufacturing line.
Eos also announced key order wins, including an $8 million order from the Naval Base San Diego to provide its safe, American-made zinc battery energy storage systems. This will enhance energy resilience and support critical national security operations. The company has secured several defense and utility contracts recently as demand grows for long-duration energy storage solutions.
Furthermore, Eos strengthened its leadership team, appointing Eric Javidi as Chief Financial Officer and transitioning current CFO Nathan Kroeker to the role of Chief Commercial Officer. Javidi brings over 15 years of energy industry experience, while Kroeker will focus on driving customer growth and financing solutions.
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