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Sep 30, 2022
Fluence Q4 2022 Earnings Report
Fluence reported record quarterly revenue and positive gross profit.
Key Takeaways
Fluence Energy, Inc. reported a strong fourth quarter with record revenue of $442 million and positive gross profit. The company also highlighted a strong order intake of $560 million and a total backlog of $2.2 billion.
Record revenue of $442 million for the fourth quarter, representing an increase of approximately 85% from the third quarter.
GAAP gross margin improved to 2% for the fourth quarter compared to (2%) in the third quarter.
Adjusted gross margin of approximately 3% for the fourth quarter compared to 1% for the third quarter.
Strong quarterly order intake of $560 million driven by contract for the world's largest storage-as-transmission project in Germany with TransnetBW.
Fluence
Fluence
Forward Guidance
The Company is initiating fiscal year 2023 total revenue guidance of approximately $1.4 billion to $1.7 billion. Additionally, the Company is initiating fiscal year 2023 Adjusted Gross Profit guidance of approximately $60 million to $100 million.