NASDAQ$FLNC
Fluence Energy Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Fluence reported strong order intake and backlog growth, driven by strategy execution, but experienced a net loss due to delayed revenue recognition and COVID-19 impacts.
Fluence Energy, Inc. reported a 50% increase in total revenues compared to the same quarter last year, driven by strong order intake. However, the company experienced a significant net loss and adjusted EBITDA loss due to delayed revenue recognition and supply chain disruptions. The company reaffirmed its fiscal year 2022 total revenue guidance of $1.1 to $1.3 billion.
- Total revenues increased by 50% year-over-year to $175 million.
- Net loss was $(111) million, compared to $(12) million in the same quarter last year.
- Adjusted EBITDA was $(43) million, compared to $(11) million in the same quarter last year.
- Total backlog reached $1.9 billion as of December 31, 2021.
Headline financials
Revenue & EPS history
Fluence · Revenue · Quarterly
$175M
Forward guidance
The Company reaffirmed its fiscal year 2022 total revenue guidance of $1.1 billion to $1.3 billion, assuming resolution of ongoing energy storage product shipping delays and temporary closures of customer construction sites during 2022.
Tailwinds
- Strong order intake and growing backlog provide visibility to future cash flow.
- Growth in the digital business confirms strategy and execution effectiveness.
- Signed a 1.1 GW Fluence IQ contract with AES, meeting the 2022 annual recurring revenue target for Fluence IQ ahead of schedule.
- Strategic partnership with ReNew Power to enter the Indian market.
- Expanded digital ecosystem by adding Pexapark to the Fluence IQ platform.
Headwinds
- Supply chain disruptions from COVID-19 are causing project delays.
- Project cost overruns from first Gen 6 product installations and commissioning.
- Product-related revenues being delayed due to the recent COVID-19 surge.
- Ongoing energy storage supply chain disruptions.
- Temporary closures of customer construction sites.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2022
+0.7%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+39.4%
Q2 2026
Best reaction
-46.4%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +39.4% | +56.9% | +68.8% | |
| Q1 2026 | -34.6% | -34.5% | -49.0% | |
| Q4 2025 | +6.5% | +24.3% | +25.5% | |
| Q2 2025 | +7.6% | +28.2% | +4.7% | |
| Q1 2025 | -46.4% | -50.8% | -60.1% | |
| Q4 2024 | -17.5% | -18.3% | -29.9% | |
| Q3 2024 | +10.9% | +9.8% | +27.8% | |
| Q2 2024 | -9.9% | -16.4% | +7.4% | |
| Q1 2024 | +10.1% | +13.1% | -21.4% | |
| Q4 2023 | +31.4% | +3.9% | +41.7% | |
| Q3 2023 | -5.8% | -12.7% | -4.1% | |
| Q2 2023 | +8.2% | +25.3% | +30.3% | |
| Q1 2023 | +8.7% | -2.2% | -19.0% | |
| Q4 2022 | +36.7% | +25.3% | +34.3% | |
| Q3 2022 | -4.4% | -9.5% | +6.2% | |
| Q2 2022 | -23.4% | -7.0% | +13.3% | |
| Q1 2022 | -2.6% | -18.4% | -30.3% | |
| Q4 2021 | -1.7% | +2.7% | -14.0% | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
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