ESS Tech Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	12.82	20.17	34.77	238.94	4.9	18.29
Short-Term Investments	42.29	87.9	105.05	-	-	-
Cash & Short-Term Investments	55.11	108.06	139.81	238.94	4.9	18.29
Cash Growth	-55.73%	-22.71%	-41.49%	4775.33%	-73.20%	-
Accounts Receivable	0.41	2.24	4.95	0.52	-	-
Other Receivables	-	0.82	-	-	-	-
Receivables	0.41	3.07	4.95	0.52	-	-
Inventory	7.04	3.37	-	-	-	-
Prepaid Expenses	5.08	0.52	2.03	3.48	0.11	0.09
Restricted Cash	0.91	1.37	1.21	1.22	1.17	-
Other Current Assets	-	1.71	3.62	1.36	0.69	0.57
Total Current Assets	68.55	118.1	151.64	245.52	6.86	18.95
Property, Plant & Equipment	21.71	18.25	20.79	4.5	1.84	1.66
Other Intangible Assets	4.72	5.11	0.18	-	-	-
Other Long-Term Assets	1.71	1.78	0.95	0.18	0.33	0.53
Total Assets	96.7	143.23	173.55	250.2	9.02	21.14
Accounts Payable	10.94	2.76	3.04	1.57	0.52	0.7
Accrued Expenses	10.18	8.57	10.85	5.8	1.49	0.93
Short-Term Debt	-	-	-	-	0.94	-
Current Portion of Long-Term Debt	-	-	1.6	1.9	4.74	0.37
Current Portion of Leases	1.63	1.58	1.42	-	-	-
Current Unearned Revenue	6.03	2.55	6.17	3.66	-	-
Other Current Liabilities	3.3	4.32	4.92	0.68	0.71	0.9
Total Current Liabilities	32.08	19.77	27.99	13.62	8.39	2.89
Long-Term Debt	-	-	0.32	1.87	0.02	0.46
Long-Term Leases	0.45	0.96	2.54	-	-	-
Long-Term Unearned Revenue	14.4	18.24	2.44	-	-	-
Other Long-Term Liabilities	0.57	0.92	3.29	29.55	2.26	2.21
Total Liabilities	47.5	39.88	36.58	45.04	10.67	5.56
Common Stock	0	0.02	0.02	0.02	0.01	0
Additional Paid-In Capital	808.1	799.5	755.54	745.75	35.45	0.76
Retained Earnings	-758.9	-696.16	-618.58	-540.61	-63.49	-33.07
Comprehensive Income & Other	-	-	-	-	0.15	0.15
Total Common Equity	49.2	103.36	136.97	205.16	-27.89	-32.16
Shareholders' Equity	49.2	103.36	136.97	205.16	-1.65	15.58
Total Liabilities & Equity	96.7	143.23	173.55	250.2	9.02	21.14
Total Debt	2.08	2.54	5.87	3.77	5.7	0.83
Net Cash (Debt)	53.03	105.53	133.94	235.17	-0.8	17.46
Net Cash Growth	-56.39%	-21.22%	-43.04%	-	-	-
Net Cash Per Share	4.54	9.90	13.16	42.37	-0.20	37.19
Filing Date Shares Outstanding	11.88	11.66	10.29	10.17	7.13	0.47
Total Common Shares Outstanding	11.88	11.61	10.25	10.12	7.13	0.47
Working Capital	36.48	98.33	123.64	231.9	-1.53	16.06
Book Value Per Share	4.14	8.90	13.36	20.27	-3.91	-68.48
Tangible Book Value	44.48	98.25	136.79	205.16	-27.89	-32.16
Tangible Book Value Per Share	3.74	8.46	13.34	20.27	-3.91	-68.48
Machinery	-	17.85	13.88	2.96	2.31	1.49
Construction In Progress	-	4.28	3.23	2.52	-	0.39
Leasehold Improvements	-	3.23	3.12	0.75	0.68	0.5

Source: S&P Capital IQ. Standard template. Financial Sources.