secwatch.observer — SEC 8-K summary
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Issuer:     Bloom Energy Corp (BE)
CIK:        0001664703
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022195
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1664703/000162828024022195/0001628280-24-022195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1664703/000162828024022195/be-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022195

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer