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Company | Revenue | |
---|---|---|
No data for previous quarter available yet. |
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 20M | 40.9% |
Gross Profit | -27M | 11.5% |
Cost of Revenue | 47M | 5.2% |
Operating expense | 34M | 11.5% |
Net Income | -32M | 62.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 917M | 0.7% |
Total Liabilities | 205M | 13.1% |
Total Equity | 640M | 3.6% |
Shares Outstanding | 458M | 1.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -37M | 36.3% |
Cash from investing | -114M | 231.5% |
Cash from financing | 15M | 29% |
EPS
Financial Highlights for FuelCell Energy in Q2 '24
FuelCell Energy reported a revenue of 20M, which is a 40.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -27M, marking a 11.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 47M, a 5.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 34M, showing a 11.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -32M, showing a -62.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
FuelCell Energy faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.