Bloom Energy Q1 revenue $235.3M, down 14.5% YoY; operating loss narrows to $49M

Bloom Energy Corp

2024-Q1 EPS reported -$0.25 revenue$235,298,000

Revenue $235.3M, down 14.5% from $275.2M in Q1 2023; product and service revenue down 10.5%.
GAAP gross margin 16.2% vs 19.7% a year ago; non-GAAP gross margin 17.5% vs 21.2%.
GAAP operating loss $49.0M, improved from $63.7M loss in Q1 2023; net loss $57.5M ($0.25 EPS).
Non-GAAP operating loss $30.7M; adjusted EBITDA -$18.2M; non-GAAP EPS -$0.17.
CFO transition: Greg Cameron outgoing, Dan Berenbaum incoming; company reiterates full-year 2024 guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bloom Energy Corp reported first quarter ended March 31, 2024 results: revenue $235.3 million, net income $(57,524), EPS $(0.25). Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $235.3 million
Net income: $(57,524)
EPS: $(0.25)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

JOSE, Calif., May 9, 2024 — Bloom Energy Corporation (NYSE: BE) reported today its financial results for the first quarter ended March 31, 2024. The company reported revenue of $235.3 million for the first quarter of 2024. First Quarter Highlights • Revenue of $235.3 million in the first quarter of 2024, a decrease of 14.5% compared to $275.2 million in the first

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Source: SEC EDGAR

accession 0001628280-24-022195

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