ESS Tech Reports Q2 EPS of $0.90, Revenue at $2.358M

ESS Tech reported Q2 EPS of $0.90, a significant improvement from ($1.87) last year. Revenue reached $2.358M, up from $348,000 last year. The company is focusing on operational reset, disciplined execution, and a stronger financial foundation. It welcomes Jigish Trivedi as COO and Kate Suhadolnik as interim CFO to drive growth. ESS sees growing demand from Tier 1 customers and is well-positioned to deliver safe, sustainable storage solutions at scale.

ESS Tech, Inc. (GWH) reported a quarterly loss of $0.90 per share for the period ended June 2025, compared to a loss of $1.87 per share a year ago. This figure, adjusted for non-recurring items, represents an earnings surprise of -2.27% versus the Zacks Consensus Estimate of a loss of $0.88 [1]. The company's revenue for the quarter reached $2.358 million, up from $348,000 in the same period last year, marking a significant improvement [1].

The company's operational reset, disciplined execution, and stronger financial foundation are key drivers behind these results. ESS Tech has welcomed Jigish Trivedi as its new COO and Kate Suhadolnik as interim CFO to drive growth and improve operational efficiency [2].

Management highlighted the growing demand from Tier 1 customers and the company's well-positioned status to deliver safe, sustainable storage solutions at scale. The company is focusing on scaling its operations and enhancing its product offerings, which are gaining traction in the energy storage market [2].

Despite the quarterly loss, ESS Tech's stock price saw a positive aftermarket movement following the earnings call, reflecting investor optimism about the company's strategic direction and financial improvements. The stock price increased by 4.73% in aftermarket trading [2].

The company anticipates further contract conversions in the second half of 2025, although no specific revenue guidance was provided. Management highlighted its disciplined approach to capital and costs, as well as its focus on proposal conversion and market traction [2].

References:
[1] https://www.nasdaq.com/articles/ess-tech-inc-gwh-reports-q2-loss-lags-revenue-estimates
[2] https://za.investing.com/news/transcripts/earnings-call-transcript-ess-tech-q2-2025-sees-stock-rise-after-strong-revenue-growth-93CH-3841787