NASDAQ$FLNC
Fluence Energy Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Fluence's Q3 2022 financial performance was reported, showing a decrease in revenue year-over-year but progress in mitigating margin headwinds and bolstering liquidity.
Fluence Energy, Inc. reported its third quarter 2022 results, with revenue of $239 million, a gross profit margin of approximately negative 2%, and a net loss of $61 million. The company's total cash and cash equivalents were approximately $762 million as of June 30, 2022. Despite a revenue decrease, the company is focused on improving gross profit and maintaining a strong liquidity position.
- Entered into 311 MW of energy storage product contracts, 81 MW of energy service contracts and 804 MW of Fluence IQ digital contracts during the quarter.
- First nine months of fiscal year 2022 energy storage product order intake surpassed all of prior fiscal year order intake.
- Opened India technology center and entered into a binding agreement to form a partnership with ReNew Power in India.
- Cash position increased over the quarter to more than $760 million.
Headline financials
Revenue & EPS history
Fluence · Revenue · Quarterly
$239M
Forward guidance
The Company reaffirms fiscal year 2022 total revenue guidance of approximately $1.1 billion.
Tailwinds
- Guidance is predicated on the on-time arrival of products which are currently in transit.
- Handover to customers to recognize the related revenue in the remaining 45 days of the quarter.
- Headwinds related to ongoing COVID-19 related energy storage product shipping delays are expected to lessen.
- Resulting shifting of project-related revenue into the next fiscal year will continue to lessen during the fourth quarter.
- Incremental benefits are seen from the Inflation Reduction Act.
Headwinds
- Ongoing COVID-19 related energy storage product shipping delays.
- Resulting shifting of project-related revenue into the next fiscal year.
- Tight battery and inverter market in 2023.
- Remain under force majeure with many of our battery suppliers.
- Continue to see project cost overruns as we install and commission our products.
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 Q3 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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