Name: ESS Tech, Inc. (GWH) Financial Statements
Creator: FinSpry

ESS Tech Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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ESS Tech, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	6.30	7.54	0.89	0.00	0.00
Cost of Revenue	51.65	20.50	0.00	0.00	0.00
Gross Profit	-45.36	-12.96	0.89	0.00	0.00
Operating Expenses
Research & Development	11.77	42.63	71.98	30.28	12.90
Selling, General & Administrative	32.67	50.81	34.41	30.33	4.50
Operating Expenses	44.44	72.95	106.39	60.60	17.39
Operating Income	-89.80	-85.91	-105.49	-60.60	-17.39
Other Income/Expense
Interest Income	3.57	5.26	2.19	0.00	0.00
Interest Expense	0.00	0.00	0.00	1.89	-0.13
Other Income/Expense	3.58	3.07	25.34	414.63	-12.83
Income
Income Before Tax	-86.22	-77.58	-77.97	-477.12	-30.42
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-86.22	-77.58	-77.97	-477.12	-30.42
Net Income - Continuous Operations	-86.22	-77.58	-77.97	-477.12	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-85.07	-76.33	-103.97	-474.66	-16.96
EBIT	-89.80	-82.84	-105.49	-475.23	-17.39
Depreciation & Amortization	4.72	6.40	1.52	0.57	0.44
Earnings Per Share
Basic EPS	-7.00	-	-8.00	-86.00	-8.00
Diluted EPS	-7.00	-	-8.00	-86.00	-8.00
Basic Shares Outstanding	176.60	159.96	10.18	5.55	3.93
Diluted Shares Outstanding	176.60	159.96	10.18	5.55	3.93