FCEL revenue falls 29% to $33.0M; backlog and cash rise
FCEL reported revenue down 29% year-over-year to $33.0 million and a net loss of $45.3 million. The company said backlog and cash reserves grew, alongside major data center and energy agreements.
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11:43:59 AM UTC
SquawkNews
Quarterly revenues declined 29% year-over-year to $33.0 million, with a net loss of $45.3 million, but liquidity improved to $658.1 million due to significant equity and debt financings. A $2.6 billion agreement with Fit Energy USA LP expanded backlog and manufacturing plans, while a $42.6 million…
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