Heliogen, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 08:43 pm EST
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Heliogen, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 3.1 million compared to USD 2.2 million a year ago. Net loss was USD 27.83 million compared to USD 28.28 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 2.45 a year ago.
For the nine months, sales was USD 9.03 million compared to USD 3.56 million a year ago. Net loss was USD 107.01 million compared to USD 88.67 million a year ago. Basic loss per share from continuing operations was USD 0.57 compared to USD 8.32 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. 
