Filing Flows › Fuelcell Energy (FCEL) › Q4 FY24
Fuelcell Energy (FCEL) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 27, 2024
Fuelcell Energy (FCEL) reported revenue of $49.3M for the fourth quarter fiscal 2024 (Q4 FY24), +120% from a year earlier and +108% from the quarter before. Operating margin was -83.2%, net loss $39.6M (80.3% of revenue).
Fuelcell Energy, Q4 FY24: revenue $49.3M (+120% year over year), operating margin -83.2%, net loss $39.6M, operating cash flow $5.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.3M | +108% | +120% |
| Operating profit | −$41.0M | — | — |
| Net earnings | −$39.6M | — | — |
| Operating cash flow | $5.8M | — | — |
What changed
Revenue was $49.3M in Q4 FY24, up 120% year over year and up 108% from the previous quarter. Product was the largest line at 52% of revenue.
Operating costs exceeded revenue by $41.0M, an operating margin of -83.2%. Total costs grew 54% against revenue growth of 120%. The fastest-growing cost line was Cost of revenue (+152%). The quarter ended with a net loss of $39.6M, wider than the previous quarter's $35.1M loss.
Operating cash flow was $5.8M. Non-cash charges added back $8.8M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $34.1M. Capital expenditures of $10.5M exceeded it, leaving free cash flow of −$4.7M.
Questions
What was Fuelcell Energy's revenue in the fourth quarter fiscal 2024?
Fuelcell Energy (FCEL) reported revenue of $49.3M for the fourth quarter fiscal 2024 (Q4 FY24), +120% from a year earlier and +108% from the quarter before.
Was Fuelcell Energy profitable in the fourth quarter fiscal 2024?
Operating loss was $41.0M (-83.2% of revenue) and net loss $39.6M.
Source: Fuelcell Energy 10-K on SEC EDGAR.