NASDAQ$FLNC
Fluence Energy Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Fluence reported record quarterly revenue with improved gross profit margin, and a reduced net loss compared to the same quarter last year. The company is raising its full fiscal year 2023 guidance.
Fluence Energy, Inc. announced record quarterly revenue of approximately $698 million, a 104% increase year-over-year. The company's GAAP gross profit margin improved to approximately 4.4%, and the net loss decreased to $37.4 million. Due to this strong performance, Fluence is raising its Fiscal Year 2023 guidance.
- Record quarterly revenue of approximately $698 million, up 104% year-over-year.
- GAAP gross profit margin improved to approximately 4.4%.
- Net loss decreased to $37.4 million compared to $60.7 million for the same quarter last year.
- The company is raising its Fiscal Year 2023 guidance range to $1.85 billion to $2.0 billion for revenue and $110 million to $135 million for adjusted gross profit.
Headline financials
Revenue & EPS history
Fluence · Revenue · Quarterly
$698M
Forward guidance
The Company is increasing its fiscal year 2023 total revenue guidance range to $1.85 billion to $2.0 billion. Furthermore, the Company is increasing its fiscal year 2023 adjusted gross profit guidance range to $110 million to $135 million. Expect to be close to Adjusted EBITDA breakeven in the fourth fiscal quarter of 2023.
Tailwinds
- Raising Fiscal Year 2023 revenue guidance range to $1.85-$2.0B.
- Raising Fiscal Year 2023 adjusted gross profit guidance range to $110-$135M.
- Pulling forward profitability timeline.
- Expect to be close to Adjusted EBITDA breakeven in the fourth fiscal quarter of 2023.
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 Q2 2023
+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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