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8-K: FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2024 Results Fourth Quarter Fiscal 2024 Summary

8-K: FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2024 Results Fourth Quarter Fiscal 2024 Summary

8-K:FuelCell Energy公布2024财年第四季度和全年业绩第四季度业绩2024财年第四季度摘要
美股SEC公告 ·  12/19 06:34

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FuelCell Energy reported Q4 revenue of $49.3M, up 120% YoY, driven by module sales to Gyeonggi Green Energy. Full-year revenue declined 9% to $112.1M. Q4 net loss widened to $39.6M from $29.5M last year. The company announced a global restructuring to reduce operating costs by 15% in FY2025.Backlog increased 13.1% YoY to $1.16B, primarily due to the Gyeonggi Green Energy agreement. Cash and investments totaled $318M as of October 31, 2024. The company expects material revenue improvement in FY2025, driven by contracted module deliveries.CEO Jason Few emphasized focus on distributed power generation, grid resiliency, and data center growth. The restructuring plan included a 13% workforce reduction in November. FuelCell Energy will not meet previously provided long-term revenue targets due to market realities and reduced product development spending.
FuelCell Energy reported Q4 revenue of $49.3M, up 120% YoY, driven by module sales to Gyeonggi Green Energy. Full-year revenue declined 9% to $112.1M. Q4 net loss widened to $39.6M from $29.5M last year. The company announced a global restructuring to reduce operating costs by 15% in FY2025.Backlog increased 13.1% YoY to $1.16B, primarily due to the Gyeonggi Green Energy agreement. Cash and investments totaled $318M as of October 31, 2024. The company expects material revenue improvement in FY2025, driven by contracted module deliveries.CEO Jason Few emphasized focus on distributed power generation, grid resiliency, and data center growth. The restructuring plan included a 13% workforce reduction in November. FuelCell Energy will not meet previously provided long-term revenue targets due to market realities and reduced product development spending.
燃料电池能源公布第四季度营业收入为$4930万,同比增长120%,主要由向京畿绿色能源的模块销售推动。全年营业收入下降9%,至$11210万。第四季度净亏损扩大至$3960万,较去年$2950万有所增加。公司宣布进行全球重组,旨在在2025财年将运营成本减少15%。由于与京畿绿色能源的协议,订单积压同比增长13.1%,达$11.6亿。截至2024年10月31日,公司现金及投资总额为$31800万。公司预计在2025财年将实现显著营业收入改善,这主要得益于已签约的模块交付。首席执行官杰森·费尤强调专注于分布式发电、电网弹性和IDC概念的增长。重组计划包括在11月份减少13%的员工。由于市场现实及降低产品开发支出,燃料电池能源将无法达到之前制定的长期营业收入目标。
燃料电池能源公布第四季度营业收入为$4930万,同比增长120%,主要由向京畿绿色能源的模块销售推动。全年营业收入下降9%,至$11210万。第四季度净亏损扩大至$3960万,较去年$2950万有所增加。公司宣布进行全球重组,旨在在2025财年将运营成本减少15%。由于与京畿绿色能源的协议,订单积压同比增长13.1%,达$11.6亿。截至2024年10月31日,公司现金及投资总额为$31800万。公司预计在2025财年将实现显著营业收入改善,这主要得益于已签约的模块交付。首席执行官杰森·费尤强调专注于分布式发电、电网弹性和IDC概念的增长。重组计划包括在11月份减少13%的员工。由于市场现实及降低产品开发支出,燃料电池能源将无法达到之前制定的长期营业收入目标。
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