Bloom Energy Q3 revenue down 17.5% to $330.4M, loss narrows; announces 80 MW fuel cell project

Bloom Energy Corp

2024-Q3 EPS reported -$0.59 revenue$901,463,000

Revenue $330.4M, down 17.5% YoY; GAAP gross margin 23.8% vs -1.3% last year.
GAAP operating loss improved to $9.7M from $103.7M; non-GAAP operating profit $8.1M vs $51.8M.
Net loss to common stockholders $14.7M ($0.06 diluted EPS) vs $169M ($0.80).
Announced 80 MW fuel cell project with SK Eternix, expected world's largest single site installation, commercial ops in 2025.
Reaffirmed 2024 financial guidance; expects strong Q4 close.

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