Bloom Energy Corp. (BE) Reports Q3 Revenues Miss
Bloom Energy Corp. (NYSE: BE) reported Q3 EPS of $, versus ($0.12) reported last year. Revenue for the quarter came in at $200.3 million versus the consensus estimate of $221.25 million.
Key highlights from the third quarter include:
- Revenue of $200.3 million, gross margin of 28.0%, and net loss of $12.0 million
- Adjusted EBITDA of $27.7 million
Commenting on its third quarter results, KR Sridhar, founder, chairman and CEO, Bloom Energy said:
“From the ongoing COVID-19 pandemic, to natural disasters occurring on either coast of the United States, and countries around the globe calling for immediate and necessary shifts to hydrogen and better forms of energy, we continue to see an increasing need for the sustainable and resilient energy power sources that Bloom Energy’s technology provides. As we move forward, we will continue to serve our customers and communities around the world through ground-breaking innovation and access to leading technologies to improve global energy consumption.”
Bloom Energy will hold a conference call today to discuss its financial results for the third quarter of 2020 and to provide an update on the business.
For earnings history and earnings-related data on Bloom Energy Corp. (BE) click here.