FuelCell Energy Beats Projections In Q2, Fuels Hope With New Projects
FuelCell Energy Beats Projections In Q2, Fuels Hope With New Projects
FuelCell Energy Inc (NASDAQ:FCEL) reported a second-quarter fiscal 2024 revenue decline of 42% year-over-year to $22.42 million, beating the consensus of $21.35 million.
FuelCell Energy Inc (納斯達克:FCEL)報告2024財年第二季度收入同比下降42%，至2242萬美元，超過了21.35 million美元的共識。
Service Agreements revenue dropped to $1.4 million from $26.2 million due to no module exchanges; Generation revenues jumped 67% to $14.1 million, driven by new projects.
由於沒有模塊交換，服務協議收入下降至140萬美元，而發電收入增長了67%，至1410萬美元，由新項目推動。
Advanced Technologies contract revenues rose to $6.9 million, boosted by higher government and other contracts.
高科技合同收入增長至690萬美元，得益於更高的政府和其他合同。
The company reported an EPS loss of $0.07, beating the consensus loss of $0.08.
該公司報告每股收益虧損0.07美元，超過了共識虧損0.08美元。
The company reported a gross loss of $7.1 million, worsening from the previous year's $6.1 million, largely due to high costs and unfavorable margins in generation projects.
公司報告毛損失710萬美元，較去年的610萬美元惡化，主要是由於發電項目成本高和利潤率不利。
Operating expenses increased to $34.3 million, driven by higher R&D spending of $16.6 million on advanced power generation and carbon recovery technologies.
營業費用增加至3430萬美元，由於對先進發電和碳回收技術的研發支出增加了1660萬美元。
Adjusted EBITDA loss was $26.5 million, slightly down from $26.0 million loss last year.
調整後的EBITDA虧損爲2650萬美元，略低於去年的2600萬美元虧損。
FCEL's total unrestricted cash, restricted cash, and short-term investments stood at $313.2 million at the end of the quarter.
FCEL的總非限制性現金、限制性現金和短期投資截至季末爲3.132億美元。
As of April-end, the backlog increased by 3.8% to $1.06 billion from $1.02 billion a year earlier. This rise was primarily due to new service agreements with Noeul Green Energy and additional contracts with Esso and EMTEC.
截至4月底，未完成訂單從一年前的10.2億美元增長了3.8%至10.6億美元。這主要是由於與Noeul Green Energy的新服務協議，以及Esso和EMTEC的額外合同。
Additionally, a post-quarter agreement with GGE for $159.6 million was added to the backlog, involving the supply of upgraded fuel cell modules for a plant in Korea.
此外，與GGE的發佈後協議爲1.596億美元，加入未完成訂單，涉及向韓國一工廠提供升級的燃料電池模塊。
"We achieved an important milestone toward commercializing new advanced technologies by updating and extending our joint development agreement with ExxonMobil Technology and Engineering Company to jointly develop carbon capture technology, while retaining certain rights to market this product more widely to a global clientele in need of energy transition solutions," commented Jason Few, President and Chief Executive Officer.
“我們通過更新和擴展與埃克森美孚技術和工程公司的聯合開發協議，取得了向全球客戶提供能源轉型解決方案中更廣泛地營銷這種產品的重要里程碑，共同開發碳捕獲技術，同時保留一定的市場權限。”亞搏體育官網主管傑森·菲尤評論道。
Jason Few, President and Chief Executive Officer, said, "We also entered into an exciting new relationship with Ameresco, Inc. to provide the Sacramento Sewer district with our energy delivery and emissions management platform to create clean electricity from onsite biofuel. We were also pleased to report a 67% increase in our Generation portfolio revenues, enhancing the recurring revenue profile of our Company."
亞搏體育官網主管傑森·菲尤表示：“我們還與Ameresco, Inc.建立了令人興奮的新關係，爲薩克拉門託污水處理區提供我們的能源交付和排放管理平台，從現場生物燃料創建清潔電力。我們還高興地報告，我們的發電組合收入增長了67%，增強了我們公司的重複性收入概況。”
Price Action: FCEL shares are trading higher by 0.59% at $0.8743 at the last check Monday.
價格變動: FCEL股票在上週一最後一次交易中以0.8743美元的漲幅上漲0.59%。
譯文內容由第三人軟體翻譯。