earnings
confidence high
sentiment negative
materiality 0.75
FuelCell Energy Q2 revenue falls 42% to $22.4M; net loss per share $(0.07)
FUELCELL ENERGY INC
2024-Q2 EPS reported
-$0.12
revenue$39,111,000
- Revenue of $22.4M, down 42% YoY from $38.3M; gross loss widened to $(7.1)M from $(6.1)M.
- Net loss per share improved to $(0.07) from $(0.09) in prior year; Adjusted EBITDA $(26.5)M vs $(26.0)M.
- Service agreements revenue collapsed to $1.4M (no module exchanges) from $26.2M; generation revenue up 67% to $14.1M.
- Extended JDA with ExxonMobil Technology & Engineering for carbon capture; post-quarter $160M module supply agreement with Gyeonggi Green Energy.