1Q FY2025 Earnings Presentation Disclaimer Forward-Looking Statements The statements herein and referenced on the Company's earnings call that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In particular, these forward-looking statements include, without limitation, statements regarding the Company's fu ...

Fluence Energy, Inc. (FLNC) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -88.24%. A quarter ago, it was expected that this company would post earnings of $0.27 per share when it actually produced earnings of $0.34, delivering a surprise of 25.93%.Over the last four quarters, the company ha ...

Fluence Energy struggled with revenue shortfall and increased losses in Q1, but it maintained a high order backlog and financial flexibility.Intelligent energy storage solutions specialist Fluence Energy (FLNC 4.31%) reported fiscal year 2025 first-quarter results on Monday, Feb. 10, that fell well short of analysts' consensus estimates. Revenue in Q1 fell 49% year over year to $186.8 million, far below the analyst estimate of $362 million. Earnings per share also missed expectations, with a loss of $0.32 p ...

Financial Performance - Total revenue for Q4 2024 was $186.8 million, a decrease of 48.6% compared to $364.0 million in Q4 2023[16]. - Gross profit for Q4 2024 was $21.2 million, down from $36.4 million in the same quarter last year, representing a decline of 41.8%[16]. - Net loss for Q4 2024 was $57.0 million, compared to a net loss of $25.6 million in Q4 2023, indicating an increase in losses of 122.5%[16]. - The company reported a loss per share of $0.32 for Q4 2024, compared to a loss per share of $0.14 in Q4 2023[16]. - The company experienced a comprehensive loss of $54.1 million in Q4 2024, compared to a comprehensive loss of $23.9 million in Q4 2023, reflecting an increase of 126.5%[18]. - For the three months ended December 31, 2024, the net loss was $57,013,000 compared to a net loss of $25,556,000 for the same period in 2023, representing an increase in loss of 123%[23]. - Operating cash flow for the three months ended December 31, 2024, was a net cash used of $211,232,000, a significant decrease from the net cash provided of $19,363,000 in the same period of 2023[23]. - Total revenue for the three months ended December 31, 2024, was $186.788 million, a decrease of approximately 48.6% from $363.956 million in the same period of 2023[87]. - Revenue from energy storage products and solutions was $169.752 million in Q4 2024, down from $356.941 million in Q4 2023, indicating a decline of about 52.5%[87]. Assets and Liabilities - Cash and cash equivalents increased to $607.4 million as of December 31, 2024, up from $448.7 million at the end of Q3 2024, reflecting a growth of 35.4%[14]. - Total assets rose to $2.21 billion as of December 31, 2024, compared to $1.90 billion at the end of Q3 2024, marking an increase of 16.4%[14]. - Total current liabilities were $1.26 billion, slightly up from $1.26 billion in Q3 2024, indicating a marginal increase of 0.4%[14]. - Total stockholders' equity decreased to $529.3 million as of December 31, 2024, down from $607.1 million at the end of Q3 2024, a decline of 12.8%[14]. - The company’s total liabilities included a deferred revenue increase of $316,723,000 for the three months ended December 31, 2024, compared to $99,051,000 in the same period of 2023[23]. - The company’s inventory as of December 31, 2024, was valued at $543.415 million, compared to $182.601 million as of September 30, 2024, reflecting a substantial increase[93]. - The company’s total accruals increased to $476.985 million as of December 31, 2024, up from $338.311 million as of September 30, 2024[99]. Cash Flow and Financing - The company raised $400,000,000 from the issuance of 2030 Convertible Senior Notes during the financing activities[23]. - As of December 31, 2024, the cash, cash equivalents, and restricted cash totaled $654,409,000, an increase from $476,557,000 at the end of the previous period[23]. - The Company issued $400.0 million in aggregate principal amount of 2.25% convertible senior notes due 2030 in December 2024[75]. - The Company has issued 2030 Convertible Senior Notes with a principal amount of $400 million, carrying an effective interest rate of 2.82%[123]. - As of December 31, 2024, the net carrying value of the 2030 Convertible Senior Notes is $389.1 million, with a fair value of $414.4 million[123]. - The Company recorded net interest income of $0.0 million for the three months ended December 31, 2024, compared to $0.1 million for the same period in 2023[115]. - The Company recognized total interest expense of $571,000 for the three months ended December 31, 2024, including $475,000 in coupon interest and $96,000 in amortization of debt issuance costs[125]. Research and Development - Research and development expenses for Q4 2024 were $17.2 million, an increase of 11.4% from $15.4 million in Q4 2023[16]. - The company expects operating expenses to increase in the near future due to investments in additional resources to support growth[208]. - Research and development expenses are anticipated to rise as the company invests in technology and product roadmap goals[209]. Revenue Recognition and Contracts - Revenue recognition is primarily derived from energy storage products and solutions, operational services, and digital applications, with significant contracts having lead times of 12 to 18 months[42][43]. - The company’s revenue from services includes long-term agreements for operational services related to battery-based energy storage products, recognized ratably over the service term[51]. - The company assesses variable consideration using an expected value method, which includes estimates of potential project delays and performance specifications[46]. - The company’s contracts may incur additional costs, which are typically recovered through change orders with customers, creating timing differences in revenue recognition[48]. - As of December 31, 2024, the company had $5.1 billion in remaining performance obligations, with an expectation to recognize approximately 60% of this amount in revenue over the next 12 months[91]. Legal and Regulatory Matters - The company is fully cooperating with an SEC investigation regarding its financial reporting[147]. - Fluence is seeking approximately $37.0 million in damages from Diablo Energy Storage, LLC due to nonpayment for an energy storage facility project[146]. - Diablo Energy Storage, LLC has filed a cross-complaint against Fluence, claiming at least $25.0 million in damages and seeking disgorgement of approximately $230.0 million[146]. Market and Competitive Landscape - The utility-scale battery storage market is projected to add approximately 2,529 GWh between 2024 and 2035, driven by the global transition towards renewable energy[186]. - The energy storage sector is highly competitive, with new entrants continuously emerging, necessitating the company to innovate and address customer needs effectively[192]. - Revenue growth is directly tied to the adoption of energy storage solutions and the company's ability to increase market share in competitive regions[204]. - The company anticipates continued growth in electricity demand, which is expected to increase demand for energy storage solutions globally[189]. Stock and Compensation - Fluence has 2,928,143 stock options outstanding under the 2020 Unit Option Plan with no unrecognized stock compensation expense[162]. - The 2021 Incentive Award Plan has reserved 9,500,000 shares of Class A common stock for issuance to management and employees[165]. - As of December 31, 2024, there are 2,914,001 restricted stock units (RSUs) outstanding with unrecognized stock compensation expense of $34.9 million[166]. - The company recorded total stock-based compensation expense of $5.308 million for the three months ended December 31, 2024, compared to $5.630 million for the same period in 2023[173].

Revenue Performance - Revenue for the fiscal quarter ended December 31, 2024, was approximately $186.8 million, a decrease of approximately 49% compared to the same quarter last year[3] - Total revenue for Q4 2024 was $186.8 million, a decrease of 48.6% compared to $364.0 million in Q4 2023[28] - Total revenue decreased by 49% to $186,788,000 in Q4 2024 from $363,956,000 in Q4 2023, with a gross profit margin of 11.4%[51] Financial Guidance - The company has lowered its fiscal year 2025 total revenue guidance range to $3.1 billion to $3.7 billion, down from a prior range of $3.6 billion to $4.4 billion[3] - Adjusted EBITDA for the fiscal year 2025 is now projected to be in the range of $70 million to $100 million, significantly reduced from the previous guidance of $160 million to $200 million[3] - The fiscal year 2025 annual recurring revenue (ARR) guidance remains at approximately $145 million[3] Net Loss and Profitability - The company reported a net loss of approximately $57.0 million, an increase from a net loss of approximately $25.6 million for the same quarter last year[3] - Net loss for Q4 2024 was $57.0 million, compared to a net loss of $25.6 million in Q4 2023, resulting in a loss per share of $0.32[28] - Net loss for the three months ended December 31, 2024, was $57,013,000, compared to a net loss of $25,556,000 in the same period of 2023, representing a 123% increase in losses[49] - Adjusted EBITDA for Q4 2024 was $(49,676,000), a decline of 172% compared to $(18,287,000) in Q4 2023[49] - Free cash flow for the three months ended December 31, 2024, was $(213,341,000), a significant decrease from $17,895,000 in the same period of 2023[53] Cash and Liquidity - Total cash as of December 31, 2024, was approximately $654.4 million, reflecting an increase of approximately $135.7 million from September 30, 2024[3] - Cash and cash equivalents increased to $607.4 million as of December 31, 2024, up from $448.7 million at the end of September 2024[24] - Cash, cash equivalents, and restricted cash increased to $654,409,000 as of December 31, 2024, from $476,557,000 at the end of Q4 2023[1] - The company experienced a net cash used in operating activities of $(211,232,000) for the three months ended December 31, 2024, compared to $19,363,000 in the same period of 2023[53] Backlog and Orders - Quarterly order intake reached $778.0 million, contributing to a record backlog of approximately $5.1 billion as of December 31, 2024[3] - Contracted backlog for energy storage products rose by 4% to 7.8 GW as of December 31, 2024, compared to 7.5 GW as of September 30, 2024[37] - The pipeline of potential contracts increased by 17% to 30.3 GW as of December 31, 2024, from 25.8 GW as of September 30, 2024[37] Inventory and Assets - The company reported a significant increase in inventory, which rose to $543.4 million as of December 31, 2024, compared to $182.6 million at the end of September 2024[24] - Total assets rose to $2.21 billion as of December 31, 2024, compared to $1.90 billion at the end of September 2024[24] - Total liabilities increased to $1.68 billion as of December 31, 2024, up from $1.30 billion at the end of September 2024[24] Research and Development - Research and development expenses for Q4 2024 were $17.2 million, an increase of 11.4% from $15.4 million in Q4 2023[28] Currency and Translation - The company experienced a loss on foreign currency translation of $5.3 million in Q4 2024, compared to a gain of $1.8 million in Q4 2023[30] Strategic Initiatives - The company aims to maintain its leadership position in the utility-scale battery storage market and optimize its cost structure for improved financial performance in fiscal year 2026 and beyond[4] - The company issued $400.0 million of 2.25% Convertible Senior Notes due 2030 to enhance financial flexibility and support growth initiatives[5] Digital Contracts - The company reported a significant increase in digital contracts, with contracted intake rising by 700% to 3.2 GW in Q4 2024 compared to 0.4 GW in Q4 2023[37] Energy Storage Products - Deployed energy storage products increased by 16% to 5.8 GW as of December 31, 2024, up from 5.0 GW as of September 30, 2024[37]

ARLINGTON, Va., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its results for the three months ended December 31, 2024. Financial Highlights for Fiscal Quarter ended December 31, 2024 Revenue of approximately $186.8 million, which represents a decrease of approximately 49% from the same quarter last year, primarily driven b ...

The market expects Fluence Energy, Inc. (FLNC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 10, 2025, might help the stock move higher if these key ...

Core Viewpoint - Fluence Energy, Inc. will report its earnings for the first quarter ended December 31, 2024, on February 10, 2025, after market close [1] Group 1: Earnings Announcement - The earnings report will be followed by a teleconference on February 11, 2025, at 8:30 a.m. EST to discuss the results [2] - Analysts must register to participate in the teleconference and are encouraged to do so at least 15 minutes before the start time [2] Group 2: Teleconference Participation - General audience participants can join the teleconference in a listen-only mode via a webcast link or the company's website [3] - Supplemental materials referenced during the teleconference will be available on the company's website [3] Group 3: Replay Information - A replay of the conference call will be accessible after 1 p.m. on February 11, 2025, on the company's website [4] Group 4: Company Overview - Fluence Energy, Inc. is a global leader in energy storage products and services, with a presence in 47 markets [5] - The company offers modular, scalable energy storage products and AI-enabled optimization software for managing renewables and storage [5] - Fluence aims to transform energy management by helping customers create more resilient and sustainable electric grids [5]

Investors might want to bet on Fluence Energy, Inc. (FLNC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

Core Insights - Investors in the Alternative Energy sector may consider Fluence Energy, Inc. (FLNC) and Constellation Energy Corporation (CEG) as potential value opportunities [1] Valuation Metrics - Both FLNC and CEG have a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and an improving earnings outlook [3] - FLNC has a forward P/E ratio of 25.97, while CEG has a forward P/E of 29.54 [5] - The PEG ratio for FLNC is 0.47, suggesting a favorable valuation relative to its expected earnings growth, compared to CEG's PEG ratio of 1.89 [5] - FLNC's P/B ratio is 4.08, indicating a lower market value relative to its book value compared to CEG's P/B of 6.64 [6] - Based on these valuation metrics, FLNC holds a Value grade of B, while CEG has a Value grade of D, suggesting FLNC is the superior value option [6]