GWH
ESS Tech, Inc.1.9600
+0.0300+1.55%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
38.45MP/E (TTM)
-Basic EPS (TTM)
-5.05Dividend Yield
0%Recent Filings
8-K
Note amendment extends tranche
ESS Tech amended its promissory note with Yorkville on December 4, 2025, pushing the $10 million second tranche deadline to February 28, 2026, while tightening conditions: Tranche One principal must drop to $7 million or less. It also requires an at-the-market offering agreement with Yorkville Securities, securing 60% commissions. Funding now hinges on faster repayment.
8-K
Launches $75M ATM offering
ESS Tech launched a $75 million at-the-market offering program on November 13, 2025, via a Sales Agreement with agents including Yorkville Securities. Proceeds will first repay installments on its October 14 Promissory Note to a Yorkville affiliate, then fund working capital. Agents earn 3.0% commission. No sales obligated yet.
10-Q
Q3 FY2025 results
ESS Tech narrowed Q3 losses sharply, with revenue dipping 40% y/y to $214K yet gross loss shrinking 62% to $4.7M from lower cost of revenue and fewer deliveries; operating loss improved 59% y/y to $9.8M as R&D, sales, and G&A expenses plunged 62%, 86%, and 39% respectively (derived). YTD revenue held steady at $3.2M despite 8% y/y drop, while net loss improved 37% to $39.5M; cash burn slowed to $36.4M from operations. Cash dwindles to $3.5M, offset by $10.5M sale-leaseback financing with UOP (July 2025, 7-year term at $186K/month). Supply chain delays threaten scaling.
8-K
50 MWh pilot, $40M financing
ESS Tech announced a 50 MWh Energy Base pilot with Salt River Project, validating its long-duration storage platform. It closed $40M Yorkville financing, repaid $15M, finalized $25M SEPA, and plans a $75M ATM program. Cash fell to $3.5M from $13.3M; Q3 net loss narrowed to $10.4M. Momentum builds for 2026 execution.
8-K
ESS closes $40M Yorkville note
ESS Tech inked a $40M unsecured promissory note with Yorkville on October 14, 2025—$30M upfront, $10M tranche two post-ATM setup—net of 8% OID, at 3% interest, maturing October 14, 2026. Amortizes monthly via cash or equity proceeds; issued warrant for 1,052,104 shares at $9.98, good for five years. Funds fuel working capital. Deal locks in flexible liquidity, yet ties repayments to fundraising success.
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