ESS Tech (GWH) Revenue & Revenue Breakdown
ESS Tech Revenue Highlights
Latest Revenue (Y)
$7.54M
Latest Revenue (Q)
$348.00K
Main Segment (Y)
Product
ESS Tech Revenue by Period
ESS Tech Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $7.54M | 743.40% |
| 2022-12-31 | $894.00K | 100.00% |
| 2021-12-31 | - | 100.00% |
| 2020-12-31 | - | 100.00% |
| 2019-12-31 | - | - |
ESS Tech generated $7.54M in revenue during NA 2023, up 743.40% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
ESS Tech Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $348.00K | -87.29% |
| 2024-03-31 | $2.74M | -2.07% |
| 2023-12-31 | $2.80M | 80.97% |
| 2023-09-30 | $1.54M | -45.35% |
| 2023-06-30 | $2.83M | 659.95% |
| 2023-03-31 | $372.00K | 2225.00% |
| 2022-12-31 | $16.00K | -91.67% |
| 2022-09-30 | $192.00K | -72.01% |
| 2022-06-30 | $686.00K | 100.00% |
| 2022-03-31 | - | 100.00% |
| 2021-12-31 | - | 100.00% |
| 2021-09-30 | - | 100.00% |
| 2021-06-30 | - | 100.00% |
| 2021-03-31 | - | 100.00% |
| 2020-12-31 | - | 100.00% |
| 2020-09-30 | - | 100.00% |
| 2020-06-30 | - | 100.00% |
| 2020-03-31 | - | - |
ESS Tech generated $348.00K in revenue during Q2 2024, up -87.29% compared to the previous quarter, and up 93.55% compared to the same period a year ago.
ESS Tech Revenue Breakdown
ESS Tech Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| Other Product Or Service | $2.25M | - |
| Service | $183.00K | $91.00K |
| Product | $5.10M | $803.00K |
ESS Tech's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (67.68%), Other Product Or Service (29.89%), and Service (2.43%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 |
|---|---|---|---|---|---|---|---|---|
| Product | $2.63M | $594.00K | $1.32M | $2.82M | $366.00K | $11.00K | $186.00K | $606.00K |
| Service | $18.00K | - | $224.00K | $5.00K | $6.00K | $5.00K | $6.00K | $80.00K |
| Other Product Or Service | $88.00K | - | - | - | - | - | - | - |
ESS Tech's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Product (96.13%), Other Product Or Service (3.21%), and Service (0.66%).
GWH Revenue FAQ
What is ESS Tech’s yearly revenue?
ESS Tech's yearly revenue for 2023 was $7.54M, representing an increase of 743.40% compared to 2022. The company's yearly revenue for 2022 was $894K, representing an increase of 100.00% compared to 2021. GWH's yearly revenue for 2021 was $0, representing an increase of 100.00% compared to 2020.
What is ESS Tech’s quarterly revenue?
ESS Tech's quarterly revenue for Q2 2024 was $348K, a -87.29% decrease from the previous quarter (Q1 2024), and a -87.69% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $2.74M, a -2.07% decrease from the previous quarter (Q4 2023), and a 636.02% increase year-over-year (Q1 2023). GWH's quarterly revenue for Q4 2023 was $2.8M, a 80.97% increase from the previous quarter (Q3 2023), and a 17375.00% increase year-over-year (Q4 2022).
What is ESS Tech’s revenue growth rate?
ESS Tech's revenue growth rate for the last 3 years (2021-2023) was 0%, and for the last 5 years (2019-2023) was 0%.
What are ESS Tech’s revenue streams?
ESS Tech's revenue streams in c 23 are Other Product Or Service, Service, and Product. Other Product Or Service generated $2.25M in revenue, accounting 29.89% of the company's total revenue Service generated $183K in revenue, accounting 2.43% of the company's total revenue, up 101.10% year-over-year. Product generated $5.1M in revenue, accounting 67.68% of the company's total revenue, up 535.49% year-over-year.
What is ESS Tech’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of ESS Tech was Product. This segment made a revenue of $5.1M, representing 67.68% of the company's total revenue.