Bloom Energy Q4 rev down 22.8% YoY; CFO departing; FY23 record revenue $1.33B

Bloom Energy Corp

2023-FY EPS reported -$1.42 revenue$1,333,470,000

Q4 revenue $356.9M (-22.8% YoY); GAAP operating profit $12.9M vs loss $40.6M a year ago.
FY23 record revenue $1.33B (+11.2% YoY); GAAP operating loss improved to $208.9M from $261.0M.
Non-GAAP operating profit $19.2M in FY23 (vs loss $33.5M in FY22); Non-GAAP gross margin 25.8% (+2.8pp).
CFO Greg Cameron departing; Caldwell Partners hired to find successor; departure not due to any disagreement.
New products: Be Flexible load following and Combined Heat and Power system to target data center demand.

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