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Jan 31, 2020
FuelCell Energy Q1 2020 Earnings Report
Reported a decrease in revenue but an improvement in gross margin and operating loss compared to the same quarter last year.
Key Takeaways
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.
Revenues decreased by 9% to $16.3 million compared to the first quarter of fiscal year 2019.
Gross margin improved to 20.2% compared to (12.4%) in the prior-year quarter.
Operating expenses decreased by 51% compared to the prior-year quarter.
Backlog increased to $1.36 billion as of January 31, 2020, a 9% improvement from January 31, 2019.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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