ESS Tech Inc

For the period ended Sep 30, 2024. Filed Nov 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.

Sep 30, 2024 · Filed Nov 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 September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue:
Revenue	$355	$1,544	$2,911	$4,741
Revenue - related parties	4	1	534	3
Total revenue	359	1,545	3,445	4,744
Cost of revenue	12,741	10,183	35,615	10,183
Gross profit (loss)	(12,382)	(8,638)	(32,170)	(5,439)
Operating expenses
Research and development	2,684	1,609	9,066	38,790
Sales and marketing	2,529	2,056	7,274	5,648
General and administrative	6,087	5,831	17,791	16,963
Total operating expenses	11,300	9,496	34,131	61,401
Loss from operations	(23,682)	(18,134)	(66,301)	(66,840)
Other income, net
Interest income, net	807	1,155	3,097	3,737
Gain on revaluation of common stock warrant liabilities	343	344	459	917
Other income, net	39	17	2	738
Total other income, net	1,189	1,516	3,558	5,392
Net loss and comprehensive loss to common stockholders	$(22,493)	$(16,618)	$(62,743)	$(61,448)
Net loss per share - basic and diluted	$(1.90)	$(1.59)	$(5.35)	$(5.93)
Weighted-average shares used in per share calculation - basic and diluted	11,814,580	10,471,738	11,722,378	10,358,503

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.