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Sep 30, 2022
Bloom Energy Q3 2022 Earnings Report
Announced third quarter 2022 financial results, with record revenue and strengthened liquidity.
Key Takeaways
Bloom Energy reported a record third quarter revenue of $292.3 million, a 41.1% increase compared to the third quarter of 2021. The company reaffirmed its 2022 financial outlook, demonstrating confidence in its business and growth strategy.
Achieved record third quarter revenue of $292.3 million, up 41.1% year-over-year.
Gross Margin was 17.4% in the third quarter of 2022.
Raised $388.7 million through a new class A common stock offering.
Reaffirmed the 2022 financial outlook.
Bloom Energy
Bloom Energy
Bloom Energy Revenue by Segment
Forward Guidance
Bloom reaffirms outlook for the full-year 2022:
Positive Outlook
- Revenue: $1.1 - $1.15 billion
- Product & Service Revenue: $1 billion
- Non-GAAP Gross Margin: ~24%
- Non-GAAP Operating Margin: ~1%
- Cash Flow from Operations: Positive
Revenue & Expenses
Visualization of income flow from segment revenue to net income