Brent

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@theanimal23 @bert_gilfoyle @sw20200 Have we heard about the cubes in the field working?

@bert_gilfoyle @sw20200 Why do they need to replace cubes? What’d I miss?

$EOSE So if Eos solved the quality problem by last call, and with 2 weeks left for the quarter they are still producing 24x7, how does that square with the estimate that Q1 revenue might be similar to Q4? Sandbagging? Creating inventory of goods to be recognized later? They are just moving slow and steady? Another explanation?

@dmottco They’re awfully tight lipped about field performance … and the 300 MWh Joe mentioned doesn’t give me warm fuzzies

@bReynirk There are z3s cycling in the field. Go on a field trip

$eose if you saw tankers being delivered by tetra would that make you bullish ? Or are they just buying it to flush it down the toilet?

@OldMateEngineer @Browpeak An extension to your extension here: why aren’t we seeing z3s in the field cycling daily

@Browpeak Natural extension to that question; why are the customers not kicking down the door to buy product

$EOSE Bulls Please riddle me this. If $94m was the revenue bogey for Q4 and they only did $58. Thats $36m short. That surely rolls into Q1 plan Joe has said Q1 will be around Q4, so say ~$60m for Q1 That implies an original plan of only $24m of revenue for Q1 Is the backlog that flimsy? This implies an even real lower 2026 guide of ~$270m-$370m I guess my question is how rock solid really is the backlog currently? And then why keep pushing margins further out? Why not GM positive in Q2? why H2?

@Clevta @Pchopz_ 😂😂😂

@Pchopz_ Grossi going to have ravens drafting twice in round 1

Every mock draft this week has been wrecked 😂😂😂

@AnishP144 Joe did provide a number (300MWh) discharged in the field. Q3 was 23.4 MWh

$EOSE I didn’t like the fact that they removed the field data slide from the Q4 earnings report. We don’t know how the field data compares with previous quarter and whether we are seeing any degradation in performance. Hope Joe puts it back in the next earnings presentation. Anybody has any theories on why they removed it.

@PoweredByEos Can you provide an update on this site? How much energy is this deployment discharging every day?

Howdy neighbor!🤠 We're moving in next to a windfarm in Texas and we're kicking up dust! 75 Eos Cubes cold commissioned in just 7 days with 1 hour from truck to completion. The fastest installation in Eos history - we're wired to win. Now that's something worth hollerin' 'bout!

@FreemyerGreg @bert_gilfoyle

The Q3 call was about optimism. We all felt it. The Q4 was about falling on their sword. I suspect the board (Cerberus) told them not to sugar coat it. Get all the bad news out in one big swoon. The Q1 call can be accelerated to late April or even mid-April. If there is good news (like I pray there is), that is when we will hear it. Could just be 7 or 8 weeks between calls?

$EOSE People had meltdowns against management last Thursday morning, made others panic, shorts piled on. My wife and daughter love watching these Bravo reality TV shows of women screaming at each other for no reason, and I can't stand it. I just leave the room and read a book. That's what a lot of you did last week instead of squaring up and facing the conflict as an opportunity. Sorry for the terrible analogy, but stay with me. RSI has not been this low since May 2024. Negative momentum is historically off the charts. And for what? It's not going to zero, despite your fears. Some equipment downtime and low yields from the bipolar subassemblies that are already fixed. And we've already quantified if that technical problem was solved, they would have made plan, and they would already be CM+. Fortunes are made or lost at times like this.

@AnishP144 Well, we know they have 300 MWh of energy discharged by z3 (quote Joe). That math is ugly, at least to me. I’ve had my eye on several projects that have been delayed. I have some concerns about these things getting up and cycling.

@bReynirk I heard the CU Springfield is coming online later this year. A lot of them are small projects and we don’t have any visibility when they are commissioned.

$EOSE Overreaction. They basically delivered $60M quarter and guided for 300-400m for 2026 from a pilot line while running experiments and optimizations on it. It’s like running a marathon while undergoing open-heart surgery. Any small mishap will tank the guidance and every one needs to realize it’s a pilot line and they are optimizing and stress testing it. Management should have warned about this during Q4 guidance. By not providing details and not being realistic about what they were attempting, Joe became a martyr instead of the hero he could have been if he’d just been forthcoming. We know demand is real - we sell every cube we produce. We will deliver cubes from Line 1 worldwide while working on a scalable Line 2 built with lessons learned from Line 1. The cubes we sell now to various utilities will act as a catalyst for the GWh-scale orders from Line 2 and beyond. Also Cerberus isn’t going to sit around and let their investment tank without doing some course correction. Hope we get a new CEO and CFO. I am staying long for now.

@CockedStriker Better make sure the batteries work in the field, too.

$EOSE While we sift through the rubble of whatever the fuck that was, here’s what **needs** to happen: 1) Joe fired or resigns tomorrow AH, if not today 2) Mahaz appointed interim CEO, possibly even given full title 3) One of the Mahaz lieutenants from Jabil promoted to COO. Backfill down the line as necessary with guys who have real ops experience 4) Standby for class action suit to hit 5) Find a full time CFO 6) Find a CCO who isn’t an accountant Once that dust has settled, this has a chance to be investable again. They will settle the suit and hit the reset button with Marshall. But 2026 is once again another “transition” I don’t have personal ill will towards management, but the legacy crew have failed on a professional level that is simply not forgivable. There continue to be massive tailwinds. But this isn’t the team to capitalize on them (with the exception of Mahaz)

@Cluster_6 @SpearfishingCap Okay 300MWh

@Cluster_6 @SpearfishingCap Not a single stat about the batteries working in the field.

Quick thought on guidance. Eos is getting punished by retail for "credibility" reasons. Retail loves to pump itself up and then be disappointed. So, keep it coming. I am buying today for the first time in a long time. At this stage, precision guidance is close to useless. EOS is still capacity-constrained and customer-concentrated. When production is limited and revenue is tied to a handful of large deliveries, a timing shift with one customer can move an entire quarter — or even the full year. There’s no extra capacity sitting around to offset a delay by shipping to someone else. Until multiple lines are running consistently and revenue is spread across more customers, results are going to be lumpy. The more important question isn’t whether revenue lands exactly at $X versus $X+5M - it's whether capacity is expanding, throughput is improving, margins are moving in the right direction, and backlog is converting. This is still a scale story, not a mature industrial operator.

@theanimal23 At $300-400M I’d prefer not to. But not for the same reason that I do not, at the moment.

$EOSE should we even believe 2026 guidance?

@LucasSacerdote_ @X_RKK_X @julilivi4 @Browpeak What is certain: they see the need for 4+GWh of juice in 26/27. I share Lucas’s thought that they’re realizing the timeline is condensing and the end target is increasing.

@X_RKK_X @julilivi4 @Browpeak You could make the argument this is just a bridge till when they get their own capacity up and running. But i expect them to be evaluating going over 8GWh for sure, and whats the mix and timing between self-provided and third-party sourced.

$eose Trying to find this reference too if anyone has it. Remember they mention some figure somewhere. Would be pretty material if that’s been stepped up again

@Bullstkpicks @SpearfishingCap @OldMateEngineer

Spot on this is how I take it. What this tell me that we will hear a lot more about in 15 hours. 1) line 1 and thus even more so line 2 are showing upside to 2GWh. @OldMateEngineer and I have been pounding this drum. 2) $EOSE has told $TTI they will be expanding beyond line 2 in 2026. If even #1 confirmed tomorrow and surely if both are stated we are headed for a rerate

TETRA stated in mid-January that their existing operations could handle up to 4 GWh without expanding; their sudden pivot to buying expensive third-party gap-fill just six weeks later means one thing: Eos's production schedule has rapidly accelerated beyond TETRA's expectations.

@CockedStriker And show us Z3 is working in the field.

$EOSE Earnings week—no secret I don’t feel confident they’re going to hit their guide. Long story short I don’t share the same bullish read around felt for Q4, RPO’s, and tripling production QoQ. Here’s what I’d like to see: 1) Prove me wrong—hit your numbers and tell us you’re on track for CM+ in Q1 2) Healthy, but achievable guide for 2026. Made credible by achieving #1 3) Clarity around Marshall, AMAZE, and Indensity product roadmap. Tie up some of these loose ends from other announcements and calls 4) Get a damn CFO or CCO, or tell us what your timeline is. A 9 month gap is starting to look pretty irregular Fluff: Things like “we’re in discussions with hyperscalers” or “we’ve added another trillion dollars to our sales pipeline.” Riddles like “our production so far in Q1 is 100x what it was the second Friday in July.” Just tell us the production numbers. The only reason to tie it to other numbers that we have no knowledge of is because the numbers aren’t good. No more kicking the can, no more riddles, no more excuses. Do what you said you would do. If you can’t hit or get close to the guide you reiterated with 7 weeks left in the year, it’s time for a new CEO. Joe hasn’t hit an un-revised commercial target in 5 years. And his guidance for 2026 will be heavily discounted if he couldn’t make 2025’s, especially after reiterating with 7 weeks to go. To be clear—take care of #1 and pretty much everything else is downstream. I have no doubt in Joe’s ability to “grab the mic” and talk a big game on an earnings call. I’d much prefer he do that from a position of credibility.

@dmottco @JordanSolace I think the “problem” is lack of discharged energy from the Z3. Hoping this is cleared up in q4 call.

@JordanSolace I think Eos is going to shift to selling batteries from inventory anyway

$EOSE Silence is golden. tiktok.com/t/ZThqwury2/

$EOSE Margin projections… Q2- Revs $15m COGS $46m Q3- Revs $30.5 COGS $64m Revs double & Cogs increase by 40% Cogs = Fixed + Variable So lets try & break it down… Cogs= F + V ( Revs)… solve for Variable cost by eliminating the F term (to start with) then solving for V. Leading to my assumption that fixed cost =30m & variable cost ~120% of revs (Very inefficient during q2 & q3).. Utilization low & sub assembly not ready... My expectation is Q4 is contribution margin positive (if they hit $90m). Each additional battery shipped generates positive incremental economics even if total GM is negative... 🔑 Then let's factor in IRA credits… 45X + electrode. Credits are production-based tied to output. They counteract COGS. I assume ASPs of $250kwh & credits ~$48kwh. Credits equate to 20% of revs AND… the large step change in variable cost is a result of automation + utilization.. keep that in mind… 🔑 Q4- Revs 90m COGS $113m Fixed cost is $28m, and variable is 95% of revs = ~$85m They achieve CMP! Now include the ~20% Tax credit and (theoretically) offset COGS by $18m Revs – Cogs + Credits = -5mil (for Q4 25) BUT.. as Joe indicated they should exit q1 GM + Applying that same logic with the same fixed and variable cost assumptions… Lets say Q1 revs are at $110m Q1 26 Revs $110m Variable Cost is 90% of revs = $99m Fixed cost $28m. so COGS is $127m Credits = 20% of Revs… Credits = ~$22m Revs $110 – Cogs $127 + Credits $22 = Gross Margin of 5% exiting Q1… I think we are living inside the inflection. Are you having fun? 😂 🇺🇸 🔋