FuelCell Energy (FCEL) Reports Q2 Loss of $0.07/sh

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Go back to FuelCell Energy (FCEL) Reports Q2 Loss of $0.07/sh

FuelCell Energy Reports Results for the Second Quarter of Fiscal 2020 and Provides Business Update

June 12, 2020 7:31 AM EDT

Second Quarter Fiscal 2020 Highlights 
(All comparisons year-over-year unless otherwise noted)

Revenues of $18.9 million, an increase of 105%, compared to $9.2 millionLoss from operations improved to $(8.1) million compared to $(17.6) millionNet loss decreased to $(14.8) million compared to $(19.5) millionAdjusted EBITDA of $(3.3) million compared to $(14.5) millionGross profit of $0.2 million (0.9% gross margin) compared to gross loss of $(3.6) million ((39.5)% gross margin)Operating expense of $8.3 million, a decrease of $5.7 million, or 41%Backlog of $1.34 billion, an increase of $80.8 million, or 6%

DANBURY, Conn., June 12, 2020 (GLOBE NEWSWIRE) --... More