ESS Tech Inc

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

GWHTStored price and day change unavailable

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Statements of Operations and Comprehensive Loss

(in thousands, except share and per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenue:
Revenue	$342	$2,826	$2,556	$3,197
Revenue - related parties	6	1	530	2
Total revenue	348	2,827	3,086	3,199
Cost of revenue	11,748	—	22,874	—
Gross profit (loss)	(11,400)	2,827	(19,788)	3,199
Operating expenses:
Research and development	2,836	19,450	6,382	37,181
Sales and marketing	2,711	1,739	4,745	3,592
General and administrative	6,178	5,845	11,704	11,132
Total operating expenses	11,725	27,034	22,831	51,905
Loss from operations	(23,125)	(24,207)	(42,619)	(48,706)
Other income (expenses), net:
Interest income, net	1,052	1,330	2,291	2,582
Gain (loss) on revaluation of common stock warrant liabilities	115	(115)	115	573
Other income (expense), net	18	63	(37)	721
Total other income, net	1,185	1,278	2,369	3,876
Net loss and comprehensive loss to common stockholders	$(21,940)	$(22,929)	$(40,250)	$(44,830)
Net loss per share - basic and diluted	$(0.12)	$(0.15)	$(0.23)	$(0.29)
Weighted-average shares used in per share calculation - basic and diluted	175,758,584	154,900,330	175,136,561	154,514,265

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.