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Mar 31, 2024
Bloom Energy Q1 2024 Earnings Report
Reported a decrease in revenue compared to the previous year, but an improvement in operating loss.
Key Takeaways
Bloom Energy reported a revenue of $235.3 million for Q1 2024, a 14.5% decrease compared to Q1 2023. The company's operating loss improved by $14.7 million compared to the same quarter last year.
Revenue was $235.3 million, a decrease of 14.5% compared to Q1 2023.
Gross margin was 16.2%, a decrease of 3.5 percentage points compared to Q1 2023.
Operating loss improved to $49.0 million, a $14.7 million improvement compared to Q1 2023.
Non-GAAP operating loss improved to $30.7 million, a $3.4 million improvement compared to Q1 2023.
Bloom Energy
Bloom Energy
Bloom Energy Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comInstallation Revenue
CapyFin.comService Revenue
CapyFin.comElectricity Revenue
CapyFin.com Forward Guidance
Bloom reaffirms outlook for the full-year 2024:
Positive Outlook
- Revenue: $1.4 - $1.6B
- Non-GAAP Gross Margin: ~28%
- Non-GAAP Operating Income: $75 - $100M
Revenue & Expenses
Visualization of income flow from segment revenue to net income