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Jul 31, 2021
FuelCell Energy Q3 2021 Earnings Report
FuelCell Energy's third quarter results were announced, with increased revenue and improved gross profit compared to the prior year.
Key Takeaways
FuelCell Energy reported a 43% increase in revenue for the third quarter of fiscal year 2021, driven by higher service agreements and license revenues. The company's gross profit improved significantly, and they continue to execute their project backlog and advance their strategic agenda.
Revenues increased to $26.8 million compared to $18.7 million year over year.
Gross profit was $1.1 million, a significant improvement from the gross loss of $(3.1) million in the prior year.
Loss from operations slightly decreased to $(10.6) million from $(10.8) million year over year.
Unrestricted cash and cash equivalents totaled $468.6 million as of July 31, 2021.
FuelCell Energy
FuelCell Energy
FuelCell Energy Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.comGeneration Revenue
CapyFin.comAdvanced Tech Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income