Bloom Energy Q2 revenue $301M (+24% YoY); GAAP gross margin 18.7% vs -0.8%

Bloom Energy Corp

2023-Q2 EPS reported -$0.66 revenue$576,286,000

Revenue $301.1M, up 23.8% YoY; product and service revenue $257M, up 21.2%.
GAAP gross margin 18.7% (vs -0.8% YoY); non-GAAP gross margin 20.4%.
GAAP operating loss improved to ($54.5M) from ($102.2M); GAAP EPS ($0.32) vs ($0.67).
Product costs declined 13% YoY; cash over $900M; reaffirmed FY2023 revenue and profitability outlook.
Non-GAAP operating loss ($25.9M) vs ($24.6M) YoY; non-GAAP EPS ($0.17) vs ($0.20).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Bloom Energy Corp reported the second quarter ended June 30, 2023 results: revenue $301.1 million, EPS ($0.32). Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $301.1 million
EPS: ($0.32)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

with the second quarter of 2022. The record revenue for the quarter was driven by continued growth in Product and Service revenue. Second Quarter Highlights • Revenue of $301.1 million in the second quarter of 2023, an increase of 23.8% compared to $243.2 million in the second quarter of 2022. Product and Service revenue of $257.0 million in the second quarter

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Source: SEC EDGAR

accession 0001628280-23-027206

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