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
DE
Fiscal year end
December 31
Former names
ACON S2 Acquisition Corp. (to 10/8/2021)
Latest financial report
10-Q - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 378 % -32%
Quick Ratio 18.4 %
Debt-to-equity 53.4 % +79.2%
Return On Equity -102 % -37.9%
Return On Assets -66.5 % -16.6%
Operating Margin -1.37K % +33.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 11.9M shares -93.1%
Common Stock, Shares, Outstanding 11.9M shares -93.1%
Entity Public Float 112M USD -55.2%
Common Stock, Value, Issued 1K USD -94.4%
Weighted Average Number of Shares Outstanding, Basic 11.8M shares +12.8%
Weighted Average Number of Shares Outstanding, Diluted 11.8M shares +12.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.24M USD +31.1%
Cost of Revenue 45.9M USD +25.1%
Research and Development Expense 12.9M USD -79%
Selling and Marketing Expense 9.37M USD +27.2%
General and Administrative Expense 23.4M USD -1.94%
Operating Income (Loss) -85.4M USD +13.1%
Nonoperating Income (Expense) 6.49M USD -44.6%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -78.9M USD +8.84%
Earnings Per Share, Basic -0.72 USD/shares +64.7%
Earnings Per Share, Diluted -0.72 USD/shares +64.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 12.8M USD -65.5%
Cash, Cash Equivalents, and Short-term Investments 55.1M USD
Accounts Receivable, after Allowance for Credit Loss, Current 413K USD -67.4%
Inventory, Net 7.04M USD +212%
Assets, Current 68.6M USD -47.8%
Property, Plant and Equipment, Net 19.9M USD +10.4%
Operating Lease, Right-of-Use Asset 1.85M USD -25.4%
Intangible Assets, Net (Excluding Goodwill) 4.72M USD -5.35%
Other Assets, Noncurrent 763K USD -7.4%
Assets 96.7M USD -39.1%
Accounts Payable, Current 10.9M USD +243%
Employee-related Liabilities, Current 4.69M USD +12.6%
Contract with Customer, Liability, Current 6.03M USD +324%
Liabilities, Current 32.1M USD +72.1%
Contract with Customer, Liability, Noncurrent 14.4M USD -27.6%
Operating Lease, Liability, Noncurrent 451K USD -67%
Other Liabilities, Noncurrent 109K USD
Liabilities 47.5M USD +12.5%
Retained Earnings (Accumulated Deficit) -759M USD -11.6%
Stockholders' Equity Attributable to Parent 49.2M USD -57.8%
Liabilities and Equity 96.7M USD -39.1%

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 1B shares -50%
Common Stock, Shares, Issued 11.9M shares -93.1%
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 14.7M USD -62.8%
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 6.3M USD +62.2%
Payments to Acquire Property, Plant, and Equipment 953K USD -63.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -78.9M USD +8.84%
Lessee, Operating Lease, Liability, to be Paid 2.7M USD -38.2%
Property, Plant and Equipment, Gross 32.2M USD +34.3%
Operating Lease, Liability, Current 1.63M USD +5.84%
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 808M USD +1.46%
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 11.5M USD +5.9%
Operating Leases, Future Minimum Payments, Due in Three Years 1.72M USD 0%
Operating Leases, Future Minimum Payments Due 6M USD 0%
Interest Expense 29K USD -49.1%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%