Fluence Energy Q1 revenue $364M (+17% YoY); record $1.1B order intake, backlog $3.7B

Fluence Energy, Inc.

2024-Q1 EPS reported -$0.14 revenue$363,956,000

Revenue $364.0M (+17% YoY); GAAP gross margin 10.0% vs 3.9% prior year.
Net loss $25.6M improved from $37.2M loss; Adjusted EBITDA -$18.3M vs -$26.1M.
Record quarterly order intake ~$1.1B; contracted backlog $3.7B, up from $2.9B at Sept 30, 2023.
Reaffirmed fiscal 2024 guidance; Utah battery module production expected to start summer 2024.
Total cash $477M, increase of $14M from prior quarter; cash position remains strong.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fluence Energy, Inc. reported three months ended December 31, 2023 results: revenue $364.0 million, net income $25.6 million. Guidance reaffirmed.

Period: three months ended December 31, 2023
Revenue: $364.0 million
Net income: $25.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

announced its results for the three months ended December 31, 2023. Financial Highlights for First Fiscal Quarter ending December 31, 2023 • Quarterly revenue of approximately $364.0 million, which represents an increase of 17% from the same quarter last year. • GAAP gross profit margin improved to approximately 10.0%, compared to approximately 3.9% for the same

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Source: SEC EDGAR

accession 0001868941-24-000012

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