Loading...
•
Oct 31, 2021
FuelCell Energy Q4 2021 Earnings Report
FuelCell Energy's Q4 2021 earnings decreased due to lower revenues and increased operating expenses.
Key Takeaways
FuelCell Energy reported a decrease in revenue and an increase in net loss for the fourth quarter of fiscal year 2021. Revenue decreased by 18% to $13.9 million, and the loss from operations increased to $(22.6) million. The company continues to focus on its long-term growth strategy, investing in operational capabilities and technology innovation.
Revenues decreased to $13.9 million compared to $17.0 million year-over-year.
Loss from operations increased to $(22.6) million compared to $(17.1) million year-over-year.
Unrestricted cash and cash equivalents were $432.2 million as of October 31, 2021, compared to $149.9 million as of October 31, 2020.
Backlog remained comparable at $1.29 billion as of October 31, 2021.
Revenue by Segment
Forward Guidance
FuelCell Energy plans to focus on continued investment to achieve long-term growth in fiscal year 2022, rather than focusing on shorter-term financial metrics such as revenue growth and Adjusted EBITDA.
Positive Outlook
- Capital expenditures are expected to range between $40 million to $50 million for fiscal year 2022.
- Investments in factories for carbonate and solid oxide production capacity expansion.
- Addition of test facilities for new products and components.
- Expansion of laboratories and upgrades to and expansion of business systems.
- Company funded research and development activities are expected to increase to $45.0 million to $55.0 million in fiscal year 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...