FuelCell Energy Earnings Reports

FuelCell Energy increased its revenue by 67% year-over-year in Q2 2025 while narrowing its net loss. The company initiated a global restructuring plan to cut costs and sharpen focus on its carbonate platform. Despite continued losses, adjusted EBITDA improved significantly.

FuelCell Energy achieved a 14% year-over-year increase in revenue, reaching $19.0 million in Q1 2025. The company significantly reduced its gross loss to $5.2 million from $11.7 million last year. Net loss decreased to $32.4 million, reflecting cost-saving measures and improved operational efficiencies. Despite these improvements, the company remains focused on accelerating growth and enhancing profitability through restructuring and strategic partnerships.

FuelCell Energy reported a significant increase in revenue for the fourth quarter of fiscal year 2024, primarily driven by module sales to Gyeonggi Green Energy Co., Ltd. in South Korea. The company's revenue more than doubled compared to the same period last year. However, the company still reported a gross loss and a net loss per share. Looking ahead, FuelCell Energy anticipates improved financial performance in 2025 due to a global restructuring plan.

FuelCell Energy reported a decrease in revenue and an increase in net loss for the third quarter of fiscal year 2024. Revenue decreased by 7% year-over-year, and the net loss increased due to the absence of a one-time debt extinguishment benefit that was present in the previous year. However, backlog increased due to a new long-term service agreement.

FuelCell Energy reported a 42% decrease in revenue, totaling $22.4 million, compared to $38.3 million in the same quarter last year. The company experienced a gross loss of $7.1 million and an operating loss of $41.4 million. Net loss per share was $(0.07) compared to $(0.09) in the prior year.

FuelCell Energy reported a revenue of $16.7 million, a gross loss of $11.7 million, and a net loss per share of $(0.05) for the first quarter of fiscal year 2024. The company is focused on commercializing technologies and expanding solid oxide manufacturing capacity.

FuelCell Energy reported a decrease in revenue for the fourth quarter of fiscal year 2023, primarily due to lower product revenues. The company experienced a reduced gross loss and loss from operations compared to the same quarter of the previous year. They achieved commercial operation of their distributed hydrogen tri-generation platform in Long Beach and progressed on capacity expansion and technology development.

FuelCell Energy reported a decrease in revenue for the third quarter of fiscal year 2023, primarily due to lower product revenues. The company's gross loss and loss from operations also increased compared to the same period in the previous year. However, they completed the commissioning of the Toyota Long Beach project and extended their Joint Development Agreement with ExxonMobil.

FuelCell Energy reported a significant increase in revenue for Q2 2023, primarily driven by long-term service agreements. However, the company also experienced increased operating expenses, resulting in a net loss.

FuelCell Energy reported a 17% increase in revenue compared to the prior year quarter, driven by higher service and generation revenue. The company achieved a positive gross margin and ended the quarter with over $400 million in cash and short-term investments.

FuelCell Energy reported a substantial increase in fourth-quarter revenue, primarily due to product sales to Korea Fuel Cell. However, the company experienced a larger gross loss and increased operating expenses, leading to a higher net loss compared to the previous year. The company is investing in growth initiatives and platform commercialization.

FuelCell Energy reported a 61% increase in revenue compared to the prior year, reaching $43.1 million, the highest in five years. This growth was primarily driven by product sales and a 75% increase in generation revenues. However, the company experienced a gross loss of $(4.2) million compared to a gross profit of $1.1 million in the prior year, and a net loss of $(29.0) million compared to $(12.0) million in the prior year.

FuelCell Energy reported a 17% increase in revenue for the second quarter of fiscal year 2022, driven by higher Service and Generation revenues. However, the company experienced a higher gross loss due to manufacturing variances and costs associated with the Toyota project. The company continues to invest in research and development, particularly in its solid oxide platform.

FuelCell Energy reported a significant increase in revenue, driven by product sales, particularly the delivery of fuel cell modules to Korea Fuel Cell Co., Ltd. However, the company experienced a loss from operations, impacted by a non-recurring legal expense. The company also achieved a technical milestone in its carbon capture application and is focused on expanding its geographic markets and commercializing advanced technologies.

FuelCell Energy reported a decrease in revenue and an increase in net loss for the fourth quarter of fiscal year 2021. Revenue decreased by 18% to $13.9 million, and the loss from operations increased to $(22.6) million. The company continues to focus on its long-term growth strategy, investing in operational capabilities and technology innovation.

FuelCell Energy reported a 43% increase in revenue for the third quarter of fiscal year 2021, driven by higher service agreements and license revenues. The company's gross profit improved significantly, and they continue to execute their project backlog and advance their strategic agenda.

FuelCell Energy reported a decrease in revenue to $14.0 million compared to $18.9 million in the prior year. The company experienced a gross loss of $(4.8) million, a significant change from the gross profit of $0.2 million in the same quarter last year. The loss from operations also increased to $(17.4) million from $(8.1) million year-over-year.

FuelCell Energy reported a decrease in revenue and a gross loss for the first quarter of fiscal year 2021. The company focused on strengthening its balance sheet through capital raising activities and debt reduction. They also made progress in decarbonization development efforts.

FuelCell Energy reported a 54% increase in fourth-quarter revenue, driven by growth in Service and License revenues, as well as Advanced Technologies contract revenues. The company made progress on project backlog and improved its balance sheet through strategic capital raises.

FuelCell Energy reported a decrease in revenue and an increased net loss for the third quarter of fiscal year 2020. The company is focused on executing projects, growing its sales pipeline, and managing operating expenses. Results were impacted by module replacements and manufacturing variances.

FuelCell Energy reported a 105% increase in revenue to $18.9 million for the second quarter of fiscal year 2020. The company's net loss decreased to $14.8 million, and gross profit was $0.2 million compared to a gross loss of $(3.6) million in the same period last year.

FuelCell Energy reported a decrease in revenue for the first quarter of fiscal year 2020, but showed improvements in gross margin and reduced operating expenses, leading to a smaller operating loss. The company also highlighted an increase in backlog and cash reserves.

FuelCell Energy reported a decrease in revenue for the fourth quarter of 2019, driven by a strategic shift away from product sales. The company faced a gross loss due to noncash charges related to project operations and PPA termination. Operating expenses decreased, but administrative costs increased due to restructuring initiatives. The company is focusing on its project backlog to generate recurring cash flow.