secwatch.observer — SEC 8-K summary
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Issuer:     Bloom Energy Corp (BE)
CIK:        0001664703
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001628280-24-005031
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1664703/000162828024005031/0001628280-24-005031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1664703/000162828024005031/be-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005031

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