Fluence Corporation Faces Downturn in H1 2024

Fluence Corporation Limited (AU:FLC) has released an update.

Fluence Corporation Limited reported a significant 34% drop in revenues, recording $20,070,000 during the first half of 2024 compared to the previous year. The company also experienced an increase in losses, with a 9% rise to $9,498,000 after taxes. Additionally, the net tangible assets per security sharply decreased from 0.89 cents to 0.10 cents, indicating a challenging period for the company with no dividends issued.

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