Fluence Q3 revenue $536.4M (+124% YoY); raises FY2023 guidance, secures US battery cells

Fluence Energy, Inc.

2023-Q3 EPS reported -$0.63 revenue$1,544,997,000

Revenue $536.4M, up 124% YoY; GAAP gross margin 4.1% vs -2.2% last year.
Net loss narrowed to $35.0M from $60.8M; Adjusted EBITDA -$26.2M vs -$52.7M.
Backlog grew to $2.9B from $2.8B sequentially; total cash increased >$30M.
Raised full fiscal year 2023 guidance on strong quarterly execution.
Signed agreement with AESC to purchase US-made battery cells for IRA domestic content.

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

Fluence Energy, Inc. reported third fiscal quarter of fiscal year 2023 results: revenue approximately $536.4 million, net income approximately $35.0 million. Guidance raised.

Period: third fiscal quarter of fiscal year 2023
Revenue: approximately $536.4 million
Net income: approximately $35.0 million
Guidance: raised
Result: reported results

Exact text from the filing

and storage, today announced its results for the three months ended June 30, 2023. Financial Highlights for Third Fiscal Quarter of 2023 • Quarterly revenue of approximately $536.4 million which represents an increase of 124% year-over-year. • GAAP gross profit margin improved to approximately 4.1%, compared to approximately negative 2.2% for the same quarter last

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Source: SEC EDGAR

accession 0001868941-23-000057

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