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Stock impact report

Bloom Energy Announces Fourth Quarter 2019 Financial Results

Bloom Energy Corporation Class A (BE) 
Last bloom energy corporation class a earnings: 11/7 04:26 pm Check Earnings Report
Company Research Source: Business Wire
Revenue of $213.8 million, an increase of 35.8% versus Q418 386 Acceptances, 50.2% higher than Q418Expanded product and installation backlog to 1,983 systems at year end, a 43.3% increase from FY18 SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy Corporation (NYSE: BE) today announced financial results for the fourth quarter ended December 31, 2019. The Company has issued a shareholder letter discussing its fourth quarter 2019 financial results and forward estimates. The shareholder letter may be accessed on the Investor Relations section of the Company’s website at: https://investor.bloomenergy.com.Key highlights from the fourth quarter include:Posted $213.8 million of revenue, GAAP gross margin of 12.2% and net loss of $67.1 million, which includes the impact of the adoption of ASC 606 revenue standard. Excluding stock based compensation, Bloom achieved 16.2% gross margin and $3.7 million of adjusted EBITDA.Realized a record 386 acceptances, a 50.2% year-over-year increase and 27. Show less Read more
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