FuelCell Energy Q1 revenue $37.1M, up 17% YoY; net loss per share $(0.05) vs $(0.11)

FUELCELL ENERGY INC

2023-Q1 EPS reported -$0.05 revenue$37,073,000

Revenue $37.1M vs $31.8M; gross profit $5.2M vs gross loss $(2.9)M.
Operating loss $(22.5)M vs $(44.8)M; net loss per share $(0.05) vs $(0.11).
Cash and short-term investments >$400M at quarter-end.
Extended JDA with ExxonMobil through Aug 2023; contract consideration max increased to $60M.
Toyota and Derby projects expected commercial ops in 2023; Calgary manufacturing space doubled.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FUELCELL ENERGY INC reported the three months ended January 31, 2023 results: revenue $37.1 million, EPS $(0.05).

Period: the three months ended January 31, 2023
Revenue: $37.1 million
EPS: $(0.05)
Result: reported results

Exact text from the filing

Energy Reports First Quarter of Fiscal 2023 Results First Quarter Fiscal 2023 Financial Highlights (All comparisons are year-over-year unless otherwise noted) ● Revenues of $37.1 million compared to $31.8 million ● Gross profit of $5.2 million compared to a gross loss of ($2.9) million ● Loss from operations of $(22.5) million compared to $(44.8) million ● Net

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Source: SEC EDGAR

accession 0001558370-23-003253

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