FuelCell Energy Q4 revenue $22.5M (-43% YoY); FY2023 net loss $(108.1)M

FUELCELL ENERGY INC

2023-FY EPS reported -$0.26 revenue$123,394,000

Q4 revenue $22.5M, down from $39.2M YoY; gross loss improved to $(1.5)M from $(15.2)M.
FY2023 revenue $123.4M (-5% YoY); net loss $(108.1)M vs $(147.2)M; adjusted EBITDA $(102.9)M.
Backlog $1.028B (down 5.7%); cash & investments $403.3M, down $77.7M from fiscal 2022.
Long Beach tri-generation platform commercial for Toyota; ExxonMobil affiliate plans carbon capture pilot.
Korean market re-entry: long-term service agreement executed; 20 MW plant repowered in October.

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 0.9

FUELCELL ENERGY INC reported fourth quarter and fiscal year ended October 31, 2023 results: revenue $22.5 million, net income Net loss per share was $(0.07) compared to $(0.11).

Period: fourth quarter and fiscal year ended October 31, 2023
Revenue: $22.5 million
Net income: Net loss per share was $(0.07) compared to $(0.11)
Result: reported results

Exact text from the filing

Fourth Quarter and Full Fiscal Year 2023 Results Fourth Quarter Fiscal 2023 Financial Highlights (All comparisons are year-over-year unless otherwise noted) ● Revenues of $22.5 million compared to $39.2 million ● Gross loss of $(1.5) million compared to $(15.2) million ● Loss from operations of $(36.4) million compared to $(42.7) million ● Net loss per share

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Source: SEC EDGAR

accession 0001558370-23-019891

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