NASDAQ$FLNC

Fluence Energy Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Fluence reported record quarterly revenue and positive gross profit.

Fluence Energy, Inc. reported a strong fourth quarter with record revenue of $442 million and positive gross profit. The company also highlighted a strong order intake of $560 million and a total backlog of $2.2 billion.

  • Record revenue of $442 million for the fourth quarter, representing an increase of approximately 85% from the third quarter.
  • GAAP gross margin improved to 2% for the fourth quarter compared to (2%) in the third quarter.
  • Adjusted gross margin of approximately 3% for the fourth quarter compared to 1% for the third quarter.
  • Strong quarterly order intake of $560 million driven by contract for the world's largest storage-as-transmission project in Germany with TransnetBW.

Headline financials

Total Revenue

$442M

Previous: $188M+134.8%
EPS (adj)

-$0.36

Previous: -$0.13-176.9%
Total Backlog

$2.2B

No prior period
Capital Expenditures

$5.26M

No prior period
Free Cash Flow

-$227M

No prior period
Net Income

-$56.2M

Previous: -$87M+35.4%
Operating Income

-$54.3M

Previous: -$88.2M+38.4%
Gross Profit

$10.7M

Previous: -$59.1M+118.2%
Cash & Equivalents

$357M

No prior period
Total Assets

$1.75B

No prior period
Stock-Based Comp

$17.8M

No prior period

Revenue & EPS history

Fluence · Revenue · Quarterly

$442M

Q4 2022+134.8%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

The Company is initiating fiscal year 2023 total revenue guidance of approximately $1.4 billion to $1.7 billion. Additionally, the Company is initiating fiscal year 2023 Adjusted Gross Profit guidance of approximately $60 million to $100 million.

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 Q4 2022

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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