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FuelCell Energy
🇺🇸 NASDAQ:FCEL
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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.

Total Revenue
$18.7M
Previous year: $22.7M
-17.5%
EPS
-$2.1
Previous year: -$5.4
-61.1%
Backlog
$1.33B
Gross Profit
-$3.1M
Previous year: $7.97M
-138.9%
Cash and Equivalents
$66.3M
Previous year: $16M
+313.9%
Total Assets
$437M
Previous year: $361M
+20.8%

FuelCell Energy

FuelCell Energy

FuelCell Energy Revenue by Segment

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

Company Overview

Full financial data and analysis

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