The company said, “Consistent with the Company’s past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue or net income guidance for 2024 is not provided. The Company expects revenue in 2024 will be heavily back-half weighted. We have reduced our 2024 Capital Expenditure guidance from a range of $50M-$70M to an updated range of $25M-$40M reflecting management decisions to reduce and defer certain planned capital expenditures given slower market adoption.
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