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Dec 31, 2023
Bloom Energy Q4 2023 Earnings Report
Reported a decrease in revenue compared to the same quarter last year, but improved operating profit.
Key Takeaways
Bloom Energy reported Q4 2023 revenue of $356.9 million, a decrease of 22.8% compared to Q4 2022. The company achieved an operating profit of $12.9 million, a significant improvement from the operating loss of $40.6 million in the same quarter last year. Full year revenue reached a record $1.3 billion.
Q4 2023 revenue was $356.9 million, down 22.8% year-over-year.
Gross margin for Q4 2023 increased to 25.9% from 15.4% in Q4 2022.
Operating profit for Q4 2023 was $12.9 million, a $53.5 million improvement year-over-year.
Full year revenue reached a record $1.3 billion, an 11.2% increase over the previous year.
Bloom Energy
Bloom Energy
Bloom Energy Revenue by Segment
Forward Guidance
Bloom Energy provided its 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