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FuelCell-Energy-Reports-Third-Quarter-of-Fiscal-2023-Results-2023.pdf
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Summary

FuelCell Energy reported a 41% decrease in revenues to $25.5 million for the third quarter of fiscal 2023, compared to $43.1 million in the prior year quarter. The company incurred a gross loss of $8.2 million, a 97% increase from the $4.2 million gross loss in the prior year quarter. Loss from operations was $41.4 million, a 48% increase from $28.0 million in the prior year quarter. Net loss per share was $0.06, a 25% decrease from $0.08 in the prior year quarter. Despite the decline in revenues, the company completed the commissioning of the Toyota Long Beach project and extended its Joint Development Agreement with ExxonMobil. FuelCell Energy ended the quarter with a total cash and short-term investment position of approximately $414 million.

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Description

FuelCell Energy reported a 41% decrease in revenues to $25.5 million for the third quarter of fiscal 2023, compared to $43.1 million in the prior year quarter.

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  • File Format: PDF
  • File Size: 285 KB
  • Pages: 15
  • Language: EN
  • Total Downloads: 55
  • Last Updated: 1 week ago

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