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Jul 31, 2020
FuelCell Energy Q3 2020 Earnings Report
Reported a decrease in revenue due to lower service and license revenues and generation revenues, offset by increased advanced technologies contract revenues. Net loss increased due to module replacements and a loss accrual.
Key Takeaways
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.
Third quarter revenues decreased 18% to $18.7 million.
Gross loss totaled $(3.1) million, compared to a gross profit of $8.0 million.
Net loss for the quarter totaled $(15.3) million compared to net loss of $(5.3) million.
Unrestricted cash and cash equivalents totaled $66.3 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 launched the Powerhouse business strategy focused on strengthening operations and position within the clean technology energy industry with the goal of enabling the delivery of sustained profitable growth to benefit all stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income