GWH Earnings Prediction
The chart below shows how GWH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GWH sees a +7.31% change in stock price 10 days leading up to the earnings, and a -9.77% change 10 days following the report. On the earnings day itself, the stock moves by +1.03%. This data can give you a slight idea of what to expect for the next quarter's release.
GWH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
359.00K
-76.76%
3.16%
Gross Margin
-3449.03%
516.90%
5.29%
Operating Margin
-6596.66%
462.03%
-0.73%
Net Margin
-6265.46%
482.51%
-0.62%
EPS
-1.90
-19.50%
1.60%
No Data Available
GWH Earnings Analysis
ESS Tech, Inc. Corporation (GWH.N) Earnings Conference Call
Positive
Third Quarter Revenue Report: Earnings report showed revenue of $359 million in the third quarter with associated cost of revenue at $12.7 million.
Funding Announcement for Storage: Management reported a significant funding announcement totaling AUD 65 million to support a massive state mandate for long-duration storage in Queensland.
Revenue Growth Projection: The company expects to recognize revenues between $9 million and $11 million for the fully year, representing meaningful year-on-year growth.
Cost Reduction Achievements: Management has already realized unit cost reductions of 28% on EC production through the third quarter of this year and expects to achieve nearly 50% in total cost reductions on the EC product for the full year 2024.
Strong Liquidity Position: The company ended the third quarter with $55.1 million in cash and short-term investments, indicating strong liquidity.
Negative
Slow Revenue Growth: The ramp of our revenue continues to be slow due to a variety of external factors.
Funding Delays Impact Schedule: Our ability to stay on schedule was compromised specifically by further delays in the timing of customer funding.
Quarterly Revenue and Costs: We reported revenue of $359,000 in the third quarter with the associated cost of revenue at $12.7 million.
Negative EBITDA Report: We reported Q3 adjusted EBITDA of negative $18.9 million.
Operating Expenses Performance: Our non-GAAP operating expenses for Q3 came in below our expectations at $9.2 million.
GWH FAQs
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GWH Earning Call Sentiment
ESS Tech, Inc. (GWH) Q3 2024 Earnings Call Transcript
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GWH.N
-15.8%Positive
The earnings call presents a mixed outlook. While there are positive developments such as cost reductions, a new credit agreement, and production capacity expansion, significant challenges persist. These include revenue declines, supply chain issues, and economic uncertainties. The Q&A reveals management's reluctance to provide clear guidance, suggesting ongoing uncertainties. Despite some positive elements like the EXIM agreement and production tax credits, the company's going concern disclosure and competitive pressures weigh heavily. Overall, the sentiment is neutral, reflecting a balance between potential growth and significant risks.
