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Bloom Energy | 10-Q: Q3 2024 Earnings Report

Bloom Energy | 10-Q: Q3 2024 Earnings Report

Bloom Energy | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/07 16:29

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Bloom Energy reported Q3 2024 revenue of $330.4 million, down 17.5% year-over-year, with a net loss of $14.6 million. Product revenue declined 23.3% to $233.8 million, while service revenue increased 6.8% to $50.8 million. The company maintained a gross margin of 24%, up from -1% in Q3 2023.Operating expenses decreased 10.3% to $88.4 million, reflecting cost reduction initiatives and restructuring efforts. The company strengthened its financial position by issuing $402.5 million in 3% Green Notes due 2029 and using $141.8 million to partially repurchase existing notes. Cash and cash equivalents stood at $495.7 million as of September 30, 2024.The company faces challenges including lengthening sales cycles and regulatory uncertainties around the Investment Tax Credit expiration. Management noted that shifting energy market conditions and customer preferences for zero-carbon solutions are impacting power solution selling opportunities, while demand for data center power solutions remains strong amid grid connection delays.
Bloom Energy reported Q3 2024 revenue of $330.4 million, down 17.5% year-over-year, with a net loss of $14.6 million. Product revenue declined 23.3% to $233.8 million, while service revenue increased 6.8% to $50.8 million. The company maintained a gross margin of 24%, up from -1% in Q3 2023.Operating expenses decreased 10.3% to $88.4 million, reflecting cost reduction initiatives and restructuring efforts. The company strengthened its financial position by issuing $402.5 million in 3% Green Notes due 2029 and using $141.8 million to partially repurchase existing notes. Cash and cash equivalents stood at $495.7 million as of September 30, 2024.The company faces challenges including lengthening sales cycles and regulatory uncertainties around the Investment Tax Credit expiration. Management noted that shifting energy market conditions and customer preferences for zero-carbon solutions are impacting power solution selling opportunities, while demand for data center power solutions remains strong amid grid connection delays.
Bloom Energy報告2024年第三季度營業收入爲33040萬美元,同比下降17.5%,淨虧損爲1460萬美元。產品收入下降23.3%至23380萬美元,而服務收入增長6.8%至5080萬美元。公司維持了24%的毛利率,高於2023年第三季度的-1%。營業費用減少10.3%至8840萬美元,反映出成本控制措施和重組工作。公司通過發行40250萬美元的3%綠色票據(到期日爲2029年)並用14180萬美元部分回購已有票據,增強了其財務狀況。截止2024年9月30日,現金及現金等價物爲49570萬美元。公司面臨的挑戰包括銷售週期延長和關於投資稅收抵免到期的監管不確定性。管理層指出,能源市場條件的變化和客戶對零碳解決方案的偏好影響了電力解決方案的銷售機會,同時在電網連接延遲的背景下,數據中心電力解決方案的需求仍然強勁。
Bloom Energy報告2024年第三季度營業收入爲33040萬美元,同比下降17.5%,淨虧損爲1460萬美元。產品收入下降23.3%至23380萬美元,而服務收入增長6.8%至5080萬美元。公司維持了24%的毛利率,高於2023年第三季度的-1%。營業費用減少10.3%至8840萬美元,反映出成本控制措施和重組工作。公司通過發行40250萬美元的3%綠色票據(到期日爲2029年)並用14180萬美元部分回購已有票據,增強了其財務狀況。截止2024年9月30日,現金及現金等價物爲49570萬美元。公司面臨的挑戰包括銷售週期延長和關於投資稅收抵免到期的監管不確定性。管理層指出,能源市場條件的變化和客戶對零碳解決方案的偏好影響了電力解決方案的銷售機會,同時在電網連接延遲的背景下,數據中心電力解決方案的需求仍然強勁。
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