NASDAQ$FLNC
Fluence Energy Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Fluence achieved record annual revenue and quarterly profitability.
Fluence Energy, Inc. reported a successful fourth quarter and fiscal year 2023, marked by record annual revenue of $2.2 billion and achieving profitability for the first time. The company's strong order intake and total cash position indicate a positive outlook for fiscal year 2024.
- Record revenue for fiscal year 2023 of $2.2 billion and revenue for the fourth quarter of $673 million.
- GAAP gross margin improved to 11.3% for the fourth quarter.
- Net income of $4.8 million for the fourth quarter, a significant improvement from the previous year.
- Strong quarterly order intake of $737 million, resulting in a total backlog of $2.9 billion.
Headline financials
Revenue & EPS history
Fluence · Revenue · Quarterly
$673M
Forward guidance
Fluence Energy, Inc. is initiating fiscal year 2024 revenue guidance of approximately $2.7 billion to $3.3 billion and Adjusted EBITDA guidance of approximately $50 million to $80 million.
Tailwinds
- Initiating fiscal year 2024 revenue guidance of $2.7 billion to $3.3 billion.
- Initiating fiscal year 2024 Adjusted EBITDA guidance of $50 million to $80 million.
- Targeting around $80 million of combined annual recurring revenue (ARR) from services and digital businesses by the end of fiscal 2024.
- Secured all battery needs for fiscal 2024 and 2025.
- Launched Gridstack Pro, our larger battery pack enclosure providing higher density, faster installation, enhanced performance, and industry-leading safety.
Headwinds
- Approximately 30% of annual revenue expected in the first half of fiscal 2024.
- Approximately 70% of annual revenue expected in the second half of fiscal 2024, mostly due to the expected timing of certain contracts.
- Actual results may differ materially depending on a number of factors.
- Customers may experience project delays or cancel orders as a result of external market factors and economic or other factors beyond our control.
- Contracted backlog and pipeline may not generate margins equal to our historical operating results.
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 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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