NASDAQ$FLNC
Fluence Energy Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Fluence reported strong financial performance highlighted by cash generation.
Fluence reported Q2 revenue of $623.1 million and increased its total cash position to more than $540 million. The company achieved its third consecutive quarter of double-digit gross margins.
- Revenue was approximately $623.1 million, a decrease of approximately 11% from the same quarter last year.
- GAAP gross profit margin improved to approximately 10.3%, compared to 4.4% for the same quarter last year.
- Net loss improved to approximately $12.9 million, from a net loss of $37.4 million for the same quarter last year.
- Total cash of approximately $541.5 million, representing an increase of approximately $79 million from September 30, 2023.
Headline financials
Revenue & EPS history
Fluence · Revenue · Quarterly
$623M
Forward guidance
The Company is reaffirming its fiscal year 2024 total revenue and Adjusted EBITDA guidance ranges of $2.7 billion to $3.3 billion and $50 million to $80 million, respectively. In addition, the Company is reaffirming its fiscal year 2024 annual recurring revenue (ARR) guidance of approximately $80 million.
Tailwinds
- Reaffirming fiscal year 2024 total revenue guidance of $2.7 billion to $3.3 billion.
- Reaffirming fiscal year 2024 Adjusted EBITDA guidance of $50 million to $80 million.
- Approximately 90% of the midpoint of the fiscal year 2024 revenue guidance is covered by the Company's current backlog plus revenue recognized year to date.
- Reaffirming fiscal year 2024 annual recurring revenue (ARR) guidance of approximately $80 million.
- Company remains committed to delivering attractive revenue growth, while improving margins and operating cash flow.
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 2024
+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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