NASDAQ$FCEL

FuelCell Energy Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported a decrease in revenue but an improvement in gross margin and operating loss compared to the same quarter last year.

FuelCell Energy reported a decrease in revenue for the first quarter of fiscal year 2020, but showed improvements in gross margin and reduced operating expenses, leading to a smaller operating loss. The company also highlighted an increase in backlog and cash reserves.

  • Revenues decreased by 9% to $16.3 million compared to the first quarter of fiscal year 2019.
  • Gross margin improved to 20.2% compared to (12.4%) in the prior-year quarter.
  • Operating expenses decreased by 51% compared to the prior-year quarter.
  • Backlog increased to $1.36 billion as of January 31, 2020, a 9% improvement from January 31, 2019.

Headline financials

Total Revenue

$16.3M

Previous: $17.8M-8.5%
EPS (adj)

-$6.00

Previous: -$64.80+90.7%
Total backlog

$1.36B

Previous: $1.25B+9.1%
Gross margin

20.2%

Previous: -12.4%+262.9%
Net Income

-$40.2M

Previous: -$17.5M-128.8%
Operating Income

-$3.14M

Previous: -$15.2M+79.4%
Gross Profit

$3.28M

Previous: -$2.21M+248.8%
Cash & Equivalents

$38.3M

Previous: $27.8M+37.9%
Total Assets

$391M

Previous: $346M+13.1%
Stock-Based Comp

$488K

Previous: $982K-50.3%

Revenue & EPS history

FuelCell Energy · Revenue · Quarterly

$16.3M

Q1 2020-8.5%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

FuelCell Energy · $16.3M total across 3 segments · Q1 2020

  • Service
    $5.61M-52.3%
  • Generation
    $5.44M+268.0%
  • Advanced Technologies
    $5.21M+15.0%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-2.8%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-5.7%

Avg return

30 days after

30%

20 / 67 earnings

Positive

+29.6%

Q1 2020

Best reaction

-38.9%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-10.4%-2.1%
Q1 2026-2.9%-12.8%-15.7%
Q4 2025+22.5%+11.3%+1.8%
Q3 2025+23.3%+62.8%+134.1%
Q2 2025+0.0%+0.8%-12.9%
Q1 2025+3.6%-2.4%-38.4%
Q4 2024+6.1%+5.7%-2.3%
Q3 2024+6.4%+4.9%-14.6%
Q2 2024+6.1%-5.7%-31.0%
Q1 2024-7.4%-13.1%-7.4%
Q4 2023-5.2%+7.8%-25.5%
Q3 2023-6.3%-13.9%-4.9%
Q2 2023-2.1%+17.2%-12.6%
Q1 2023-6.1%-5.2%-27.6%
Q4 2022-17.2%-18.1%-4.0%
Q3 2022+6.3%+3.3%-22.1%
Q2 2022-7.6%-18.4%+6.1%
Q1 2022+6.2%-7.1%-14.7%
Q4 2021-9.2%-1.5%-37.3%
Q3 2021+9.3%+16.5%+28.5%
Q2 2021-6.1%-18.3%-28.6%
Q1 2021-7.8%-12.1%-43.3%
Q4 2020+8.2%+29.1%+20.6%
Q3 2020-17.5%-8.0%-0.4%
Q2 2020-0.4%-7.5%+20.4%
Q1 2020+29.6%+6.1%+33.9%
Q4 2019-38.9%-46.5%-12.5%
Q3 2019+6.0%+0.0%-22.5%
Q2 2019-13.5%-44.4%-16.7%
Q1 2019-12.7%-16.7%-35.4%
Q4 2018-6.8%+0.0%-19.6%
Q3 2018-6.7%-11.7%-13.3%
Q2 2018-8.9%-4.7%-27.1%
Q1 2018+6.4%+5.3%+5.3%
Q4 2017+7.0%+5.4%-10.8%
Q3 2017-0.7%+0.0%+50.7%
Q2 2017+1.9%+5.6%+15.7%
Q1 2017-6.7%-10.0%+6.7%
Q4 2016-2.6%-7.7%-23.1%
Q3 2016-0.2%-3.4%-1.7%
Q2 2016-19.7%-29.0%-24.8%
Q1 2016-3.1%
Q4 2015-14.5%
Q3 2015+6.3%
Q2 2015-5.7%
Q1 2015+0.8%
Q4 2014-1.9%
Q3 2014-6.9%
Q2 2014-9.1%
Q1 2014-7.1%
Q4 2013-20.8%
Q3 2013+10.6%
Q2 2013-0.7%
Q1 2013-5.8%
Q4 2012-4.8%
Q3 2012-11.3%
Q2 2012-15.9%
Q1 2012+4.1%
Q4 2011-1.8%
Q3 2011-4.9%
Q4 2010-4.9%
Q4 2009-4.9%
Q2 2011-5.4%
Q1 2011+6.7%
Q3 2010+0.0%
Q2 2010-9.2%
Q1 2010-5.2%

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