8-K
filed November 28, 2023, 6:59 PM ET
ticker FLNC
CIK 0001868941
earnings
confidence high
sentiment positive
materiality 0.75
Fluence Energy reports record FY2023 revenue of $2.2B; first quarterly profit in Q4
Fluence Energy, Inc.
2023-FY EPS reported
-$0.60
revenue$2,217,978,000
- Revenue $2.2B for FY2023 (+85% YoY); Q4 revenue $673M (+25% QoQ).
- GAAP gross margin improved to 6.4% for FY2023 and 11.3% in Q4.
- Net loss $105M for FY2023; Q4 net income $4.8M (first quarterly profit).
- Adjusted EBITDA -$61M FY2023, $20M Q4 versus -$235M and -$27M prior-year.
- Q4 order intake $737M (+30% QoQ); backlog $2.9B; cash $463M (+11%).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fluence Energy, Inc. reported the quarterly period and fiscal year ended September 30, 2023 results: revenue $2.2 billion, net income $(105) million.
- Period
- the quarterly period and fiscal year ended September 30, 2023
- Revenue
- $2.2 billion
- Net income
- $(105) million
- Result
- reported results
Exact text from the filing
three months and fiscal year ended September 30, 2023. Financial Highlights for fourth quarter and fiscal year ended September 30, 2023 • Record revenue for fiscal year 2023 of $2.2 billion and revenue for the fourth quarter of $673 million, representing an increase of app roximately 85% from fiscal year 2022 and an increase of approximately 25% from the third
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Fluence Energy, Inc. reported the three months ended September 30, 2023 results: revenue $673 million, net income $4.8 million.
- Period
- the three months ended September 30, 2023
- Revenue
- $673 million
- Net income
- $4.8 million
- Result
- reported results
Exact text from the filing
record revenue for fiscal year 2023 of $2.2 billion and revenue for the fourth quarter of $673 million
View on SEC.gov
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