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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
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