Heliogen, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 25, 2024 at 04:05 pm EDT
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Heliogen, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported negative sales was USD 1.16 million compared to sales of USD 4.72 million a year ago. Net loss was USD 78.8 million compared to USD 34.99 million a year ago. Basic loss per share from continuing operations was USD 13.15 compared to USD 6.32 a year ago.
For the full year, sales was USD 4.45 million compared to USD 13.75 million a year ago. Net loss was USD 129.6 million compared to USD 142 million a year ago. Basic loss per share from continuing operations was USD 22.26 compared to USD 26.13 a year ago.
Heliogen, Inc. is a renewable energy technology company. The Company is focused on providing robust clean energy solutions that accelerate the transition to renewable energy. Its solar energy and thermal storage systems deliver carbon-free heat, steam, power, and green hydrogen at scale to support round-the-clock industrial operations. The Companyâs product offering delivers industrial process steam around the clock using thermal energy storage. This steam can also be used to produce green hydrogen when coupled with a solid oxide electrolyzer. The Companyâs business lines include Carbon-Free Steam Production System, which is engaged in the production of heat or steam for use in industrial processes; Net Zero Power Generation System focused on the baseline system as the foundation, and the addition of a turbine generator system enables power generation, and Green Hydrogen Production System an electrolyzer with the baseline system as the foundation, produces green hydrogen fuel.
HELIOGEN, INC. 
