FuelCell Energy (FCEL) Reports Q1 Loss of $0.20/sh

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Go back to FuelCell Energy (FCEL) Reports Q1 Loss of $0.20/sh

FuelCell Energy Reports Financial Results for the First Quarter of Fiscal Year 2020 and Provides Business Update

March 16, 2020 7:01 AM EDT

Revenues of $16.3 million in the first quarter, compared with $17.8 million in the first quarter of fiscal 2019
Gross Margin of 20.2% in the first quarter, compared to (12.4%) in the comparable prior-year quarterOperating expense decreased $6.6 million, or 51%, compared to the comparable prior-year quarterLoss from operations improved to $(3.1) million in the first quarter, compared to $(15.2) million in the comparable prior-year quarterBacklog of $1.36 billion as of January 31, 2020, a $117.9 million (or 9%) improvement from January 31, 2019

DANBURY, Conn., March 16, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:... More