GWH Q2 2023 Earnings — ESS Tech, Inc. Revenue & Financial Results | Market Cap Arena

GWHESS Tech, Inc.

$17M

Q2 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$3M+312.1% YoY

Gross Profit

$3M100.0% margin

Operating Income

-$24M-856.3% margin

Net Income

-$23M-811.1% margin

EPS (Diluted)

$-2.22

QoQ Revenue Growth

+659.9%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$20M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$128M

Total Liabilities

$30M

Stockholders' Equity

$97M

Cash & Equivalents

$30M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3M	$686,000	+312.1%
Gross Profit	$3M	$139,000	+1933.8%
Operating Income	-$24M	-$24M	-0.1%
Net Income	-$23M	-$16M	-47.1%

Revenue Segments

Product

$3M100%

Service

$5,0000%