Interest Expense Wipes Eos Energy’s Q1 Gains from Lower Cost of Goods Sold
Eos’ Q1 loss widens to 71.6 million; revenue up three-fold on higher shipments
May 17, 2023
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Energy storage solutions provider Eos Energy Enterprises’ net loss widened to $71.6 million for the first quarter (Q1) of the financial year 2023 compared to $45.8 million year-over-year (YoY), mainly due to higher interest and other expenses even though the cost of goods came down by a quarter.