ESS Tech, Inc. financial data

Symbol
GWH, GWH-WT on NYSE
Industry
Miscellaneous Electrical Machinery, Equipment & Supplies
Location
26440 Sw Parkway Ave., Bldg. 83, Wilsonville, OR
State of incorporation
Delaware
Fiscal year end
December 31
Former names
ACON S2 Acquisition Corp. (to 10/8/2021)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 513 % -11.1%
Quick Ratio 15.7 %
Debt-to-equity 42.5 % +65.4%
Return On Equity -77.5 % +2.67%
Return On Assets -54.4 % +14.2%
Operating Margin -1.07K % +66%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 177M shares +13.6%
Common Stock, Shares, Outstanding 177M shares +13.7%
Entity Public Float 112M USD -55.2%
Common Stock, Value, Issued 18K USD +12.5%
Weighted Average Number of Shares Outstanding, Basic 176M shares +13.5%
Weighted Average Number of Shares Outstanding, Diluted 176M shares +13.5%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 7.43M USD +118%
Cost of Revenue 43.4M USD
Research and Development Expense 11.8M USD -85.2%
Selling and Marketing Expense 8.9M USD +24.8%
General and Administrative Expense 23.1M USD -3.62%
Operating Income (Loss) -79.8M USD +26%
Nonoperating Income (Expense) 6.82M USD +7.71%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -73M USD +28.1%
Earnings Per Share, Basic -0.41 USD/shares +37.9%
Earnings Per Share, Diluted -0.41 USD/shares +37.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 36.7M USD +21.3%
Accounts Receivable, after Allowance for Credit Loss, Current 981K USD -29.6%
Inventory, Net 4.43M USD
Assets, Current 84.7M USD -19.7%
Property, Plant and Equipment, Net 17.8M USD -3.92%
Operating Lease, Right-of-Use Asset 2.2M USD -21.5%
Intangible Assets, Net (Excluding Goodwill) 4.79M USD
Other Assets, Noncurrent 785K USD +583%
Assets 111M USD -13%
Accounts Payable, Current 5.83M USD +106%
Employee-related Liabilities, Current 3.71M USD +15.2%
Contract with Customer, Liability, Current 5.69M USD +79.6%
Liabilities, Current 26M USD +14.5%
Contract with Customer, Liability, Noncurrent 14.4M USD +330%
Operating Lease, Liability, Noncurrent 884K USD -50%
Other Liabilities, Noncurrent 0 USD -100%
Liabilities 42.1M USD +38.2%
Retained Earnings (Accumulated Deficit) -736M USD -11%
Stockholders' Equity Attributable to Parent 69M USD -29%
Liabilities and Equity 111M USD -13%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -18.9M USD -2.16%
Net Cash Provided by (Used in) Financing Activities -81K USD +73.3%
Net Cash Provided by (Used in) Investing Activities 34.7M USD -51.9%
Common Stock, Shares Authorized 2B shares 0%
Common Stock, Shares, Issued 177M shares +13.7%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 15.7M USD -70.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 38.6M USD +18.4%
Deferred Tax Assets, Valuation Allowance 75.6M USD +39.3%
Deferred Tax Assets, Gross 76.2M USD +38%
Operating Lease, Liability 2.54M USD -35.8%
Depreciation 6.7M USD +113%
Payments to Acquire Property, Plant, and Equipment 953K USD -63.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -73M USD +28.1%
Lessee, Operating Lease, Liability, to be Paid 2.7M USD -38.2%
Property, Plant and Equipment, Gross 29.4M USD +25.6%
Operating Lease, Liability, Current 1.57M USD +4.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 983K USD -42.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.72M USD +2.99%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 165K USD -60.7%
Lessee, Operating Lease, Liability, to be Paid, Year Three 986K USD
Deferred Tax Assets, Operating Loss Carryforwards 46.6M USD +35.3%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200M shares 0%
Unrecognized Tax Benefits 1.46M USD +61%
Lessee, Operating Lease, Liability, to be Paid, Year Four 0 USD
Operating Lease, Payments 449K USD +8.72%
Additional Paid in Capital 805M USD +5.88%
Preferred Stock, Shares Outstanding 0 shares
Operating Leases, Future Minimum Payments, Due in Two Years 1.67M USD 0%
Amortization of Intangible Assets 67K USD
Depreciation, Depletion and Amortization 1.22M USD +13.2%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 1.63M USD 0%
Deferred Tax Assets, Net of Valuation Allowance 606K USD -35.4%
Share-based Payment Arrangement, Expense 11.7M USD +6.96%
Operating Leases, Future Minimum Payments, Due in Three Years 1.72M USD 0%
Operating Leases, Future Minimum Payments Due 6M USD 0%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%