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Income Statement
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ESS Tech, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q8-K8-K10-Q10-Q8-K10-Q10-Q
Revenue:          
Total revenue  2.80.40.00.7 10.6  
            Total revenue growth  312.1% -99.8%  164.4%-100.0% 
Operating expenses:          
Research and development  19.5  16.212.9  6.2
Sales and marketing  1.71.91.71.91.51.2 0.7
General and administrative  5.85.36.96.87.819.61.73.2
    Total operating expenses  27.07.131.424.922.231.41.710.2
    Loss from operations  -24.2-24.5-31.4-24.2-22.2-31.4-1.7-10.2
            Operating margin  -856.3%-6585.8%-196225.0%-3524.2% -297.6%  
   
Other income (expenses), net:          
Interest income, net  1.31.31.20.20.0-0.2 -0.1
Gain (loss) on revaluation of common stock warrant liabilities  -0.1  8.615.7 -2.2-6.4
Other income (expense), net  0.10.7-0.1-0.30.0 -2.20.0
    Total other income (expenses), net  1.30.7-0.18.616.5 -2.2-80.3
    Net loss to common stockholders  -22.9  -15.6-5.7 -3.9-90.4
    Comprehensive loss to common stockholders  -22.9  -15.6    
   
Net loss per share - basic (in USD per share)  ($0.15)($0.14)($0.16)($0.10)($0.04)($1.33) ($1.35)
Net loss per share - diluted (in USD per share)  ($0.15)($0.14)($0.16)($0.10)($0.04)($1.33) ($1.35)
   
Weighted average shares used in per share calculation, basic (in shares)  154.9  152.7151.7 62.567.1
Weighted average shares used in per share calculation, diluted (in shares)  154.9  152.7151.7  67.1

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