Fluence Energy Inc Class A ( (FLNC) ) has released its Q4 earnings. Here is a breakdown of the information Fluence Energy Inc Class A presented to its investors.
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Fluence Energy, Inc. is a global leader in the energy sector, specializing in intelligent energy storage, operational services, and asset optimization software to enhance the efficiency of renewable energy portfolios. The company is at the forefront of creating a more resilient grid across nearly 50 international markets.
Fluence Energy Inc. has reported a record-breaking performance for the fiscal year 2024, with significant revenue growth. The company achieved a total revenue of approximately $2.7 billion for the year and $1.2 billion for the fourth quarter, showcasing an impressive increase from previous periods.
Key highlights from the fiscal year include a gross profit margin improvement to 12.6% and a notable net income of $30.4 million, a substantial turnaround from the previous year’s losses. The company’s backlog reached $4.5 billion, reflecting strong market confidence in its energy storage solutions. Additionally, Fluence’s financial position is robust, with a cash total of $518.7 million and a positive free cash flow of $71.6 million.
Looking forward to fiscal year 2025, Fluence Energy anticipates revenue growth to a range of $3.6 billion to $4.4 billion, with a midpoint of $4.0 billion. The company also projects an adjusted EBITDA between $160 million to $200 million, positioning itself for continued profitable growth amidst increasing global demand for energy storage solutions.
