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Interest Expense Dents Eos Energy’s Earnings in Q2 Despite Lower Costs

The revenue dropped 96% YoY as the company transitions to the next-gen Eos Z3 battery module

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Energy storage solutions provider Eos Energy Enterprises‘ net loss widened to $131.6 million for the second quarter (Q2) of the financial year 2023 from $56.7 million year-over-year (YoY), mainly due to higher interest and other expenses even though the cost of goods came down.

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