Energy Vault Holdings (NYSE: NRGV) reported Q2 EPS of ($0.22), $0.11 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $8.5 million versus the consensus estimate of $25.93 million.

GUIDANCE:

Energy Vault Holdings sees FY2025 revenue of $200-250 million, versus the consensus of $206.7 million.

In July, implemented an additional $6.5 million reduction in annualized operating expenses as the company refines its long-term strategy, offset by strategic investments in Australia
Targeting $60-75 million in total cash at the end of 3Q 2025 including the Cross Trails-project financing of $18 million which was completed in July, with another $27 million in total net ITC proceeds anticipated in September
In conjunction with the close of the $300 million Preferred Equity Investment, subject to customary regulatory and closing conditions anticipated in the next 30-60 days, Energy Vault intends to host a Virtual Investor Day to provide a comprehensive overview of the Asset Vault platform, its project pipeline, financial projections, and long-term strategic vision. Additional details will be shared upon closing.

For earnings history and earnings-related data on Energy Vault Holdings (NRGV) click here.