Bloom Energy Corp. (NYSE: BE) reported Q4 EPS of $, versus $0.01 reported last year. Revenue for the quarter came in at $213.8 million versus the consensus estimate of $270.07 million.

Key highlights from the fourth quarter include:

• Posted $213.8 million of revenue, GAAP gross margin of 12.2% and net loss of $67.1 million, which includes the impact of the adoption of ASC 606 revenue standard. Excluding stock based compensation, Bloom achieved 16.2% gross margin and $3.7 million of adjusted EBITDA.
• Realized a record 386 acceptances, a 50.2% year-over-year increase and 27.8% higher than Q3 2019. The acceptances during the quarter represented twelve different end customers, across nine industries and three countries.
• Expanded product and installation backlog to 1,983 systems at year end, a 43.3% increase from the prior year.

Commenting on fourth quarter results, KR Sridhar, Founder, Chairman and CEO, Bloom Energy said:

“We are pleased to have delivered another great quarter for revenue and record acceptances – a strong ending to the year. For 2019, we grew acceptances by 48% and expanded our backlog by 43% to set us up for a solid 2020. Our positive momentum continues as tailwinds bolster our value proposition of reliability, resiliency, and cost effectiveness for our customers.”

GUIDANCE:

Bloom Energy Corp. sees Q1 2020 revenue of $140-160 million, versus the consensus of $215.07 million.

For earnings history and earnings-related data on Bloom Energy Corp. (BE) click here.