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FuelCell Energy Inc (NASDAQ: FCEL) has reported Q4 FY22 revenues of $39.2 million, more than double from $13.9 million a year ago, lacking the consensus of $43.8 million.
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The corporation documented an EPS loss of $(.11), wider than the $(.07) posted a calendar year in the past.
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The gross loss totaled $(15.2) million, in comparison to a gross reduction of $(8.4) million a year ago, pushed by larger production variances, $8.7 million of non-capitalizable expenditures linked to the building of Toyota Motor Corporation (NYSE: TM) venture, and reduced margins.
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Working decline swelled to $(42.7) million versus $(22.6) million a year back.
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Altered EBITDA decline attained $(36.1) million up from $(16.9) million in Q4 FY21.
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Backlog diminished by somewhere around 15.4% Y/Y to $1.09 billion, primarily because of to a reduction in technology backlog due to the choice not to shift forward with specific generation jobs, a reduction in services agreements backlog, and Sophisticated Systems contract backlog.
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Rate Action: FCEL shares are down 8.18% at $2.99 on the final check out Tuesday.
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