ESS Tech Reports GAAP EPS of -$0.12 and Revenue Miss

Wednesday, 14 August 2024, 20:23
ESS Tech's recent earnings report reveals a GAAP EPS of -$0.12, falling short by $0.02 against analysts' expectations. Furthermore, the company's revenue totaled $0.35 million, missing projections by a significant $3.14 million. This performance highlights ongoing challenges for ESS Tech in the current financial landscape, prompting analysts to reassess their outlook for the company in the coming quarters.
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ESS Tech Reports GAAP EPS of -$0.12 and Revenue Miss

Overview of ESS Tech's Earnings Report

ESS Tech has reported a disappointing financial performance for the recent quarter, with several key metrics falling short of expectations. The GAAP EPS of -$0.12 missed by $0.02. Additionally, the revenue of $0.35 million missed projections by $3.14 million.

Financial Highlights

  • GAAP EPS: -$0.12
  • Revenue: $0.35 million

Conclusion

This underperformance indicates that ESS Tech continues to face challenges within the competitive market, which may affect investor sentiment and future growth prospects.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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