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Apr 30, 2024
FuelCell Energy Q2 2024 Earnings Report
FuelCell Energy's Q2 2024 financial results were announced, revealing a decrease in revenue compared to the previous year, alongside a gross loss and operating loss.
Key Takeaways
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.
Revenue decreased to $22.4 million from $38.3 million year-over-year.
Gross loss amounted to $(7.1) million, compared to $(6.1) million in the prior year.
Operating loss increased to $(41.4) million from $(35.9) million year-over-year.
Net loss per share was $(0.07), an improvement from $(0.09) in the previous year.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
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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