Energy Vault Holdings (NRGV) Misses Q2 EPS by 7c ; Offers Guidance

Energy Vault Holdings (NYSE: NRGV) reported Q2 EPS of ($0.18), $0.07 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $3.77 million versus the consensus estimate of $14.78 million.

Outlook:-

The Company reaffirms full-year 2024 guidance for revenue, gross margin, adjusted EBITDA and year-end cash balance along with expectations for quarterly adjusted operating expense of approximately $15 million in the second half of 2024, following cost-side measures implemented in Q4 2023 and the first half of 2024

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

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