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Apr 30, 2020
FuelCell Energy Q2 2020 Earnings Report
Reported second quarter fiscal 2020 results, showing revenue increase driven by growth in Generation, Service and Advanced Technology, and improved gross margin and reduced operating expenses.
Key Takeaways
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.
Revenues increased by 105% to $18.9 million.
Loss from operations improved to $(8.1) million.
Net loss decreased to $(14.8) million.
Gross profit of $0.2 million (0.9% gross margin) was achieved, compared to a gross loss of $(3.6) million.
FuelCell Energy
FuelCell Energy
FuelCell Energy Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.comGeneration Revenue
CapyFin.comAdvanced Tech Revenue
CapyFin.com Forward Guidance
The company is focused on initiatives intended to Transform, Strengthen and Grow our company over the next three years.
Revenue & Expenses
Visualization of income flow from segment revenue to net income