FuelCell Energy Earnings And Revenue
Adjusted net loss was 53 cents per share, compared with the estimated 52-cent loss. Revenue fell 5% year over year to $35.589 million, below the $40.496 million forecast.
Net loss attributable to common stockholders was $78.7 million, or $1.45 per share, versus $38.8 million, or $1.79 per share, a year earlier. Adjusted EBITDA loss improved to $17.1 million from $19.3 million.
Revenue declined mainly due to lower service revenue, as no module exchanges occurred, and weaker generation revenue from reduced output during Groton Project repairs. Higher product and Advanced Technologies revenue partly offset the declines.
Segment Performance
