FuelCell Energy Q4 Revenue Surges 120%, Backlog Climbs 13%, But Losses Persist Amid Restructuring Efforts
FuelCell Energy Q4 Revenue Surges 120%, Backlog Climbs 13%, But Losses Persist Amid Restructuring Efforts
Service agreements revenue rose to $5.6 million from $(0.8) million, driven by two module exchanges during the quarter. Generation revenue increased 40.3% to $12.0 million due to the FuelCell Energy Inc (NASDAQ:FCEL) shares are trading lower after the company reported its fourth quarter 2024 results.
燃料电池能源公司（纳斯达克：FCEL）的股票交易下跌，此前该公司报告了2024年第四季度的业绩。
The company's total revenues grew 120% year-over-year to $49.326 million, beating the consensus of $39.716 million.
该公司的总营业收入同比增长120%，达到4932.6万美元，超过市场共识的3971.6万美元。
Product revenues rose to $25.4 million for the three months ending October 31, 2024, from $10.5 million a year earlier. The increase was driven by $18.0 million from the GGE Agreement for fuel cell module replacements in Korea and $7.7 million from a sales contract with Ameresco for a 2.8 MW platform for the Sacramento Sewer District.
截至2024年10月31日的三个月，产品营业收入从一年前的1050万美元增长至2540万美元。增长主要来自于1800万美元的GGE协议，涉及韩国的燃料电池模块更换，以及来自阿梅雷斯克的销售合同，涉及为萨克拉门托下水道区提供的2.8 MW平台的770万美元。
Service agreements revenue rose to $5.6 million from $(0.8) million, driven by two module exchanges during the quarter. Generation revenue increased 40.3% to $12.0 million due to the Toyota and Derby projects.
服务协议营业收入从负80万美元增长至560万美元，主要得益于季度内的两次模块更换。发电营业收入由于丰田和德比项目增长40.3%，达到1200万美元。
Advanced Technologies revenue grew to $6.4 million, supported by ExxonMobil's Rotterdam project and government contracts, offset by $0.8 million lower revenue from the EMTEC Joint Development Agreement.
先进技术营业收入增长至640万美元，得益于埃克森美孚的鹿特丹项目和政府合同，部分被EMTEC联合开发协议减少80万美元的收入所抵消。
The company reported a loss per share of $2.21, missing the consensus loss of $1.75. The company reported a gross loss of $10.9 million, down from the previous year's $1.5 million loss.
该公司报告每股亏损2.21美元，未达市场共识的1.75美元亏损。该公司报告毛亏损为1090万美元，低于去年150万美元的亏损。
Operating expenses for the quarter decreased to $30.1 million from $34.9 million the previous year. Adjusted EBITDA loss improved to $25.3 million in the quarter from the $30.8 million loss a year ago.
本季度的营业费用从前年的3490万美元减少至3010万美元。调整后的EBITDA亏损从一年前的3080万美元改善至2530万美元。
In November, FCEL announced a global restructuring in the U.S., Canada, and Germany to reduce operating costs by 15% in fiscal 2025, including a 13% workforce reduction. Delays in solid oxide and carbon capture product timelines mean it will not meet revenue targets provided in fiscal 2022.
11月，FCEL宣布将在美国、加拿大和德国进行全球重组，以在2025财年减少15%的营业费用，包括减少13%的员工。固体氧化物和碳捕集产品时间表的延迟意味着其将无法满足2022财年提供的营业收入目标。
However, FuelCell expects a material revenue improvement in fiscal 2025, driven by contracted deliveries, including replacement modules for GGE.
然而，燃料电池能源预计在2025财年将实现显著的营业收入增长，这得益于合同交付，包括GGE的替换模块。
As of October 31, 2024, FuelCell had $318.0 million in cash, restricted cash, and short-term investments, down from $403.3 million in 2023. This included $148.1 million in unrestricted cash, $109.1 million in investments, and $60.8 million in restricted cash.
截至2024年10月31日，燃料电池能源拥有31800万现金、受限现金和短期投资，低于2023年的40330万。这包括14810万无条件现金、10910万投资和6080万受限现金。
During the quarter, the company sold 1.9 million shares under its Amended Open Market Sale Agreement at $11.23 per share, generating $21.5 million in gross proceeds and $20.8 million net after $0.6 million in fees.
在本季度，该公司根据其修订的公开市场销售协议以每股11.23美元出售了190万股股票，获得2150万的毛收益，其中在扣除60万的费用后，净收益为2080万。
As of October 31, 2024, FCEL's backlog rose 13.1% to $1.16 billion year-over-year, driven by the GGE Agreement. The backlog includes product, service, and generation agreements, with a weighted average term of 16 years.
截至2024年10月31日，FCEL的订单积压同比增长了13.1%，达到了11.6亿，受GGE协议的推动。该订单积压包括产品、服务和发电协议，平均加权期限为16年。
Price Action: FCEL shares are trading lower by 3.05% at $9.52 at the last check Thursday.
价格动态：在最后一次检查中，FCEL的股价下跌了3.05%，交易价格为9.52美元。
