Financial Snapshot

Revenue
$6.241M
TTM
Gross Margin
-1825.02%
TTM
Net Earnings
-$78.87M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
213.71%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$49.20M
Q3 2024
Cash
Q3 2024
P/E
-0.8934
Nov 29, 2024 EST
Free Cash Flow
-$37.59M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019
Revenue $7.540M $894.0K $0.00 $0.00 $0.00
YoY Change 743.4%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $7.540M $894.0K $0.00 $0.00 $0.00
Cost Of Revenue $20.50M $0.00
Gross Profit -$12.96M $894.0K
Gross Profit Margin -171.82% 100.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $30.32M $34.41M $30.33M $4.496M $3.229M
YoY Change -11.88% 13.45% 574.53% 39.24%
% of Gross Profit 3848.66%
Research & Development $42.63M $71.98M $30.28M $12.90M $6.660M
YoY Change -40.77% 137.75% 134.76% 93.63%
% of Gross Profit 8051.34%
Depreciation & Amortization $6.513M $1.523M $572.0K $436.0K $260.0K
YoY Change 327.64% 166.26% 31.19% 67.69%
% of Gross Profit 170.36%
Operating Expenses $72.95M $106.4M $60.60M $17.39M $9.889M
YoY Change -31.43% 75.55% 248.45% 75.87%
Operating Profit -$85.90M -$105.5M -$60.60M -$17.39M
YoY Change -18.57% 74.07% 248.45%

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $7.554M $2.187M $1.886M $132.0K -$1.038M
YoY Change 245.4% 15.96% 1328.79% -112.72%
% of Operating Profit
Other Income/Expense, Net $773.0K $27.52M -$416.5M -$13.03M -$540.0K
YoY Change -97.19% -106.61% 3097.32% 2312.41%

Income/Loss

Pretax Income

Income Tax

No data

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

No data

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$77.58M -$77.97M -$477.1M -$30.42M -$11.47M
YoY Change -0.5% -83.66% 1468.48% 165.27%
Income Tax
% Of Pretax Income
Net Earnings -$77.58M -$77.97M -$477.1M -$30.42M -$11.47M
YoY Change -0.5% -83.66% 1468.48% 165.27%
Net Earnings / Revenue -1028.89% -8721.36%
Basic Earnings Per Share -$0.48 -$0.51 -$5.73 -$0.52
Diluted Earnings Per Share -$0.49 -$0.51 -$5.73 -$0.52 -$88.18K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

No data

Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $108.1M $139.8M $238.9M $4.901M $18.29M
YoY Change -22.71% -41.49% 4775.33% -73.2%
Cash & Equivalents $20.17M $34.77M $238.9M $4.901M $18.29M
Short-Term Investments $87.90M $105.0M
Other Short-Term Assets $3.601M $6.870M $6.061M $1.960M $658.0K
YoY Change -47.58% 13.35% 209.23% 197.87%
Inventory $3.366M
Prepaid Expenses
Receivables $2.243M $4.952M $517.0K
Other Receivables $824.0K $0.00 $0.00
Total Short-Term Assets $118.1M $151.6M $245.5M $6.861M $18.95M
YoY Change -22.12% -38.24% 3478.46% -63.79%
Property, Plant & Equipment $18.43M $20.97M $4.501M $1.836M $1.663M
YoY Change -12.1% 365.92% 145.15% 10.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.778M $946.0K $180.0K $326.0K $529.0K
YoY Change 87.95% 425.56% -44.79% -38.37%
Total Long-Term Assets $25.13M $21.92M $4.681M $2.162M $2.192M
YoY Change 14.68% 368.21% 116.51% -1.37%
Total Assets $143.2M $173.6M $250.2M $9.023M $21.14M
YoY Change
Accounts Payable $2.755M $3.036M $1.572M $522.0K $697.0K
YoY Change -9.26% 93.13% 201.15% -25.11%
Accrued Expenses $13.79M $15.78M $5.804M $1.489M $1.280M
YoY Change -12.63% 171.85% 289.79% 16.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.600M $1.900M $5.678M $365.0K
YoY Change -100.0% -15.79% -66.54% 1455.62%
Total Short-Term Liabilities $19.77M $27.99M $13.62M $8.394M $2.888M
YoY Change -29.39% 105.5% 62.28% 190.65%
Long-Term Debt $0.00 $315.0K $1.869M $19.00K $463.0K
YoY Change -100.0% -83.15% 9736.84% -95.9%
Other Long-Term Liabilities $20.11M $8.271M $29.55M $28.50M $15.58M
YoY Change 143.13% -72.01% 3.69% 82.97%
Total Long-Term Liabilities $20.11M $8.586M $31.42M $28.52M $16.04M
YoY Change 134.21% -72.67% 10.17% 77.81%
Total Liabilities $39.88M $36.58M $45.04M $36.91M $18.93M
YoY Change 9.01% -18.79% 22.02% 95.03%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 160.0M shares 152.7M shares 83.26M shares 58.88M shares
Diluted Shares Outstanding 160.0M shares 152.7M shares 83.26M shares 58.88M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $70.465 Million

About ESS Tech, Inc.

ESS Tech Inc is a US-based company operating in Electrical Equipment industry. The company is headquartered in Wilsonville, Oregon and currently employs 231 full-time employees. The company went IPO on 2020-11-10. ESS Tech, Inc. is a long-duration energy storage company specializing in iron flow battery technology. The firm designs and produces long-duration batteries using earth-abundant materials. Its batteries provide flexibility to grid operators and energy assurance for commercial and industrial customers. Its technology addresses energy delivery, duration, and cycle-life in a single battery platform that compares favorably to lithium-ion batteries. Using its iron flow battery technology, the Company is developing two products, such as Energy Warehouse and Energy Center. The Energy Warehouse that offers energy storage ranging from six to twelve-hour duration. Energy Warehouses are deployed in shipping container units, allowing a turnkey system that can be installed easily at a customer’s site. Energy Center solutions are designed specifically for utilities, independent power producers (IPPs), and large commercial and industrial consumers. Its batteries are non-flammable and non-toxic.

Industry: Miscellaneous Electrical Machinery, Equipment & Supplies Peers: