Eos Energy Enterprises Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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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 5, 2024
EOSE$1.74-7.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets as of and
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $23,015 | $69,473 |
| Restricted cash | 2,625 | 3,439 |
| Loan commitment assets | 58,525 | — |
| Accounts receivable, net | 3,197 | 3,387 |
| Inventory, net | 25,908 | 17,070 |
| Vendor deposits | 9,332 | 7,161 |
| Contract assets, current | 11,911 | 6,386 |
| Prepaid expenses | 1,074 | 1,082 |
| Grant receivable | 1,506 | 3,256 |
| Other receivables | 7,500 | 7,500 |
| Other current assets | 4,617 | 3,577 |
| Total current assets | 149,210 | 122,331 |
| Property, plant and equipment, net | 51,546 | 37,855 |
| Intangible assets, net | 237 | 295 |
| Goodwill | 4,331 | 4,331 |
| Operating lease right-of-use asset, net | 3,059 | 4,033 |
| Long-term restricted cash | 5,000 | 11,755 |
| Other assets, net | 3,458 | 5,892 |
| Total assets | $216,841 | $186,492 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | $24,345 | $20,540 |
| Accrued expenses | 37,765 | 32,332 |
| Operating lease liability, current | 1,719 | 1,496 |
| Long-term debt, current | 2,536 | 3,332 |
| Contract liabilities, current | 8,721 | 3,070 |
| Other current liabilities | 44 | 100 |
| Total current liabilities | 75,130 | 60,870 |
| Long-term liabilities: | ||
| Operating lease liability | 2,010 | 3,350 |
| Long-term debt | 726 | 88,002 |
| Notes payable - related party | 184,167 | 112,525 |
| Interest payable - related party | 3,097 | — |
| Contract liabilities, long-term | 3,303 | 3,540 |
| Warrants liability | 98,970 | 27,461 |
| Warrants liability - related party | 267,049 | — |
| Other liabilities | 76 | 1,544 |
| Total long-term liabilities | 559,398 | 236,422 |
EOS ENERGY ENTERPRISES, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Total liabilities | 634,528 | 297,292 |
| COMMITMENTS AND CONTINGENCIES (NOTE 16) | ||
| SERIES B PREFERRED STOCK (NOTE 3) | 156,069 | — |
| SHAREHOLDERS' DEFICIT | ||
| Common stock, $0.0001 par value, 600,000,000 shares authorized, 217,278,404 and 199,133,827 shares outstanding on September 30, 2024 and December 31, 2023, respectively | 23 | 21 |
| Additional paid in capital | 724,449 | 765,018 |
| Accumulated deficit | (1,293,592) | (875,846) |
| Accumulated other comprehensive (loss) income | (4,636) | 7 |
| Total shareholders' deficit | (573,756) | (110,800) |
| Total liabilities, preferred stock and shareholders' deficit | $216,841 | $186,492 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.