Fluence Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 08, 2024 at 04:05 pm EDT
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Fluence Energy, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 623.14 million compared to USD 698.19 million a year ago. Revenue was USD 623.14 million compared to USD 698.19 million a year ago. Net loss was USD 9.17 million compared to USD 24.86 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.21 a year ago.
For the six months, sales was USD 987.1 million compared to USD 1,008.65 million a year ago. Revenue was USD 987.1 million compared to USD 1,008.65 million a year ago. Net loss was USD 25.91 million compared to USD 49.5 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.43 a year ago.
Fluence Energy, Inc. is a global provider of energy storage products and solutions, services, and optimization software for renewables and storage. The Company provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings and the Fluence IQ Platform. The Fluence IQ Platform delivers artificial intelligence enabled software-as-a-service products, including Fluence Nispera and Fluence Mosaic, for managing and optimizing renewables and storage from any provider. Its services include delivery services, recurring operational services, and financing structuring services, such as energy-storage-as-a-service. Its energy storage products and solutions include Gridstack Pro, Gridstack, Sunstack, Edgestack and Ultrastack. It has an aggregate of over 15.5 gigawatts (GW) of renewable energy assets using Fluence IQ Platform and 6.8 GW of contracted backlog related to renewable and energy storage assets.