Editing FuelCell Energy, Inc.
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In its most recent quarterly earnings report for Q1 2023, FuelCell Energy reported: | In its most recent quarterly earnings report for Q1 2023, FuelCell Energy reported: | ||
116% Y/Y revenue growth to $47.2 million driven by higher generation under service agreements and construction activity. Gross margin improved significantly to -7% from -36% in the prior year period as project margins increase. | |||
Operating loss narrowed to $29.5 million, while net loss was $30.5 million or -$0.08 per share. The company maintains a strong cash position of $492 million to fund operations and growth initiatives. | |||
FuelCell had $492 million in cash reserves as of Q1 2023 to support growth plans. But additional financing may be required long term. | |||
Total debt stands at $379 million. | |||
=== Value Drivers === | === Value Drivers === |