FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2024 Results
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FuelCell Energy reported its Q4 and full fiscal year 2024 results, showing increased revenue but also higher losses. Q4 revenue rose to $49.3 million from $22.5 million, but the gross loss widened to $10.9 million. The fiscal year revenue decreased to $112.1 million, with a gross loss of $35.9 million.
December 19, 2024 | 12:45 pm
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FuelCell Energy's Q4 2024 revenue increased significantly, but the company reported a larger gross loss and net loss per share. The fiscal year revenue decreased, and losses widened, indicating financial challenges.
Despite a significant increase in Q4 revenue, FuelCell Energy's financial results show increased losses both quarterly and annually. The widening losses and decreased fiscal year revenue suggest financial difficulties, likely impacting investor sentiment negatively in the short term.
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