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Apr 30, 2021
FuelCell Energy Q2 2021 Earnings Report
FuelCell Energy's second quarter results for fiscal year 2021 were reported, showing a decrease in revenue and a gross loss compared to the previous year.
Key Takeaways
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.
Revenues decreased by 26% year-over-year, totaling $14.0 million.
Gross loss was $(4.8) million, a sharp decline from the prior year's gross profit of $0.2 million.
Loss from operations increased to $(17.4) million compared to $(8.1) million in the prior year.
Backlog stood at $1.32 billion, slightly down from $1.34 billion in the prior year.
Revenue by Segment
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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