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
August 16, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
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.