# Eos Energy financing and Orion turnaround

> Live situation record from CLSTR: https://clstr.news/situations/eos-energy-financing-and-performance
> Updated: 2026-08-05T15:22:20.000Z. Sources: 7. Developments: 2.

In early July 2026, Eos Energy Enterprises secured a $75 million investment and launched a rights offering as its share price fell. By early August, the company posted a record second‑quarter revenue of $68.8 million—a 351 % year‑over‑year rise—while expanding its order backlog and consolidating manufacturing at its Thorn Hill facility. Despite the revenue surge, Eos recorded a net loss of $276 million and an adjusted EBITDA loss of $71.4 million, ending the quarter with $364 million in cash.

During the same period, Orion Energy Systems continued its turnaround. For the fiscal 2027 first quarter, the company reported $25.7 million in revenue, up 32 % YoY, and a net profit of $2.0 million, reversing a loss from the prior year. Gross margin improved to 34.6 % and adjusted EBITDA reached $2.5 million, marking the seventh consecutive quarter of positive adjusted EBITDA. LED‑lighting sales rose 37 % to $17.7 million, EV‑charging revenue climbed to $4.0 million, and maintenance services grew modestly to $4.1 million. CEO Sally Washlow highlighted a shift toward disciplined, profitable growth and emphasized focus on large‑scale lighting projects and continued EV‑charging investment, while noting ongoing uncertainty around project timing and funding.

## Timeline

### 2026-08-05: Orion Energy Systems reports 32% revenue growth and returns to profit in Q1

Orion Energy Systems posted Q1 revenue of $25.7 M, up 32 % YoY, with a net profit of $2 M and a seventh straight quarter of positive adjusted EBITDA, driven by strong LED lighting sales.

7 sources. https://clstr.news/cluster/orion-energy-systems-and-eos-energy-report-earnings-growth

### 2026-07-07: Eos Energy Enterprises secures $75 million investment and launches rights offering as stock falls

Eos Energy receives a $75 million Hudson Bay investment, launches a rights offering and sees its stock drop 6.3% after project‑selection news.

7 sources. https://clstr.news/cluster/zincbased-battery-firms-expand-globally-with-uk-plant-launch-and-us-funding-boost

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Cite as: Eos Energy financing and Orion turnaround. CLSTR, https://clstr.news/situations/eos-energy-financing-and-performance