Energy Vault Reaffirms Full-Year 2024 Guidance
Portfolio Pulse from Benzinga Newsdesk
Energy Vault reaffirms its full-year 2024 guidance for revenue, gross margin, adjusted EBITDA, and year-end cash balance. The company also expects quarterly adjusted operating expenses of approximately $15 million in the second half of 2024, following cost-side measures implemented in Q4 2023 and the first half of 2024.
August 06, 2024 | 9:36 pm
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Energy Vault reaffirms its full-year 2024 guidance for key financial metrics and expects quarterly adjusted operating expenses of approximately $15 million in the second half of 2024.
Reaffirming guidance provides confidence to investors about the company's financial stability and future performance. The cost-side measures indicate proactive management, which is likely to be viewed positively by the market.
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