earnings
confidence medium
sentiment positive
materiality 0.75
Fluence Energy reports record FY2022 revenue of $1.2B; Q4 gross margin turns positive at 2%
Fluence Energy, Inc.
- FY2022 revenue $1.2B, up 76% YoY; Q4 revenue $442M, up 85% from Q3.
- Q4 GAAP gross margin 2% vs -2% in Q3; adjusted gross margin 3% vs 1%.
- Q4 order intake $560M including deal for world's largest storage-as-transmission project in Germany with TransnetBW.
- Total backlog $2.2B as of Sep 30, 2022, up from $2.1B as of Jun 30.
- Management sets five strategic objectives and initiates fiscal 2023 financial guidance (specifics not disclosed).