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Eos Energy Enterprises (NASDAQ:EOSE) -10.2% pre-market on Tuesday after reporting a wider than expected Q2 loss of $1.01/share, far more than the $0.74/share loss analyst consensus.
The energy storage systems manufacturer said its Q2 net loss increased to $56.7M from $54M in the year-earlier quarter, while Q2 revenues rose to $5.9M from a mere $612K a year ago.
The company said it booked $257.5M in orders during Q2, nearly quadruple the amount booked in Q1; YTD booked orders now total $324M, with backlog more than doubling to $457M.
Eos Energy (EOSE) shares have lost 60% YTD and 79% during the past year.