Earnings Call Summary | Fusion Fuel Green(HTOO.US) Q4 2023 Earnings Conference
Earnings Call Summary | Fusion Fuel Green(HTOO.US) Q4 2023 Earnings Conference
The following is a summary of the Fusion Fuel Green PLC (HTOO) Q4 2023 Earnings Call Transcript:
以下是Fusion Fuel Green PLC（HTOO）2023年第四季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
Fusion Fuel Green PLC reported a Q4 revenue of €1.6 million, generated from supplying a hydrogen production system to CSIC in Spain.
The company faced a significant net increase of €6.4 million to the inventory impairment provision and a €3.3 million impairment charge on a development project.
Fusion Fuel successfully managed to decrease the operating costs for four consecutive quarters, but faced a pre-tax loss of €12.3 million for the quarter, mostly from non-cash items such as impairment charges, share-based compensation, and a fair value loss on warrants.
The company had just over €1 million in the bank as of December 31, and raised an additional €5.9 million from an ATM facility after the quarter ended.
Fusion Fuel maintains its revenue guidance for 2024 at €34 million, with €7.3 million of which is contracted to date. The company expects to reach cash flow breakeven by the end of 2025 despite financial challenges.
Fusion Fuel Green PLC报告称，第四季度收入为160万欧元，来自向西班牙中船工业集团供应氢气生产系统。
该公司的库存减值准备金大幅净增640万欧元，开发项目面临330万欧元的减值费用。
Fusion Fuel成功地连续四个季度降低了运营成本，但该季度面临1,230万欧元的税前亏损，主要来自减值费用、基于股份的薪酬和认股权证公允价值损失等非现金项目。
截至12月31日，该公司的银行存款刚刚超过100万欧元，并在本季度结束后从自动柜员机设施又筹集了590万欧元。
Fusion Fuel维持其2024年的收入预期为3,400万欧元，其中730万欧元是迄今签订的合同。尽管面临财务挑战，该公司预计到2025年底实现现金流盈亏平衡。
Business Progress:
业务进展：
Fusion Fuel recorded orders amounting to €4.2 million in revenue in Q4, for potential customers in Portugal.
The company's HEVO-Portugal Project received acknowledgment as an Important Project of Common European Interest (IPCEI) from the European Commission after Q4.
The company raised net proceeds of €5.9 million via an ATM facility in February and was awarded a grant by the European Commission as part of the H2tALENT consortium, totaling over €1 million.
Fusion Fuel intends to draw down the first tranche of its €20 million Macquarie facility by the end of Q1 2024.
The company aims to stop cash burn by the end of 2025, targeting further cost reduction without compromising product quality or services.
Fusion Fuel received approval for its Sines project portfolio from Portugal's Resilience and Recovery Plan, with grants totaling €32 million.
Fusion Fuel in partnership with Macquarie, has secured financing for the future, with plans to certify the HEVO Chain solution for use in North America and Australia.
In 2024, the company will supply and install six to seven full HEVO Chain systems to Southern European clients, alongside engineering projects to be delivered in 2025.
With strategic partnerships in place, the company anticipates strong growth in 2024 and a rise in the green hydrogen market with its unique HEVO micro-electrolyzer technology.
Fusion Fuel在第四季度为葡萄牙的潜在客户录得了总额为420万欧元的订单。
第四季度后，该公司的HEVO-葡萄牙项目被欧盟委员会认可为具有欧洲共同利益的重要项目（IPCEI）。
该公司在2月份通过自动柜员机筹集了590万欧元的净收益，并作为H2Talent联盟的一部分获得了欧盟委员会的拨款，总额超过100万欧元。
Fusion Fuel计划在2024年第一季度末之前撤出其2000万欧元的麦格理设施的第一部分。
该公司的目标是在2025年底之前停止现金消耗，目标是在不影响产品质量或服务的情况下进一步降低成本。
Fusion Fuel的Sines项目组合获得了葡萄牙复原力和恢复计划的批准，拨款总额为3200万欧元。
Fusion Fuel与麦格理合作，已经获得了未来的融资，并计划对HEVO Chain解决方案进行认证，以供北美和澳大利亚使用。
2024年，该公司将向南欧客户提供和安装六到七套完整的HEVO Chain系统，工程项目将于2025年交付。
随着战略合作伙伴关系的建立，该公司预计其独特的HEVO微电解槽技术将在2024年实现强劲增长，绿色氢市场将崛起。
More details: Fusion Fuel Green IR
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