Investor Presentaiton slide image

Investor Presentaiton

Full Year Guidance Reaffirm CY23 Guidance Revenue $325M $425M - Gross Margin 10% - 15% Q3 record revenue of $172.2 million driven by further deployments of the Company's suite of energy storage systems across solutions and geographies. Q3 GAAP gross margin of 4.2%, or $7.1 million, driven by increased hardware deliveries that we will realize value-add on in the fourth quarter and timing of licensing payments that we now expect to be realized in the fourth quarter instead of the third quarter. Adjusted EBITDA -($50M) to -($70M) Q3 Adjusted EBITDA improved 43% sequentially, narrowing to ($10.2) million reflecting scaling of revenue and management's continued focus on optimizing operating expenses toward positive Adjusted EBITDA. ENERGY VAULTⓇ © 2023 ENERGY VAULT HOLDINGS INC. ALL RIGHTS RESERVED Enabling a Renewable World CO 6
View entire presentation