earnings
confidence high
sentiment negative
materiality 0.70
Fluence Q3 revenue $239M (-14% YoY), net loss $61M, adj EBITDA -$48M; cash rises $39M to $762M
Fluence Energy, Inc.
2022-Q3 EPS reported
-$1.23
revenue$756,621,000
- Revenue of $239M, down 14% YoY due to China COVID lockdowns; gross margin improved to -2% from -5%.
- Net loss of $61M vs $39M loss YoY; adjusted EBITDA loss of $48M vs $35M loss YoY.
- Total cash $762M as of June 30, 2022, up $39M from March 31, 2022, stronger than expected.
- Entered into 311 MW storage product, 81 MW service, and 804 MW Fluence IQ digital contracts in Q3.
- First 9 months FY2022 storage product orders (1,493 MW) already exceed FY2021 total (1,311 MW).