FuelCell Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2023
September 11, 2023 at 07:41 am EDT
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FuelCell Energy, Inc. reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported sales was USD 10.98 million compared to USD 10.88 million a year ago. Revenue was USD 25.51 million compared to USD 43.1 million a year ago. Net loss was USD 24.28 million compared to USD 29.41 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.08 a year ago.
For the nine months, sales was USD 28.98 million compared to USD 27.42 million a year ago. Revenue was USD 100.93 million compared to USD 91.28 million a year ago. Net loss was USD 77.2 million compared to USD 100.26 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.27 a year ago.
FuelCell Energy, Inc. is engaged in delivering environmentally responsible distributed baseload energy platform solutions through its fuel cell technology. The Company is a global manufacturer of stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. Its commercial technology produces electricity, heat, hydrogen, and water while separating carbon for utilization and/or sequestration. Its product portfolio is based on two electrochemical platforms, carbonate, and solid oxide. Both platforms can support power generation and combined heat and power applications using a variety of fuels, including natural gas, renewable biogas, and hydrogen. Its Carbonate platforms use a mixture of reforming and electrolysis, while solid oxide platforms can be used for pure hydrogen electrolysis. Its solid oxide platform operates on pure hydrogen fuel. Its commercial platforms include SureSource 1500, SureSource 3000, SureSource 4000 and SureSource Hydrogen.
FUELCELL ENERGY, INC. 
