FuelCell Energy (FCEL) Q1 Revenue Tops Consensus
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FuelCell Energy Reports First Quarter of Fiscal 2022 Results
March 10, 2022 7:30 AM ESTFirst Quarter Fiscal 2022 Financial Highlights(All comparisons are year-over-year unless otherwise noted)
Revenues of $31.8 million compared to $14.9 millionGross loss of ($2.9) million compared to $(3.6) millionLoss from operations of $(44.8) million compared to $(14.4) millionResults in the first quarter of fiscal 2022 were negatively impacted by a non-recurring expense of $24 million, or approximately $0.07 per share, related to payment of legal fees to our outside counsel in connection with settlement of the POSCO Energy disputeBacklog of $1.31 billion as of January 31, 2022, compared to $1.27 billion as January 31, 2021DANBURY, Conn., March... More
