$FLNC (+9,97%)

🔹 Revenue: $602.5M (Est. $769M) 🔴; +24.7% YoY

🔹 EPS: $0.01 (Est. $(0.01)) 🟢

Guidance (FY25):

🔹 Revenue: $2.6B–$2.8B (lower end likely) vs. Est. $2.731B 🔴

🔹 Adj. EBITDA: $0–$20M (midpoint $10M)

🔹 ARR: ~$145M

Other Q2 Metrics:

🔹 Adj. Gross Margin: 15.4% vs. 17.5% YoY

🔹 Order Intake: $508.8M in Q3 backlog additions; Total backlog $4.9B

🔹 New $150M supply chain financing facility in Aug

🔹 Net Income: $6.9M vs. $1.1M YoY

🔹 Adj. EBITDA: $27.4M vs. $15.6M YoY

🔹 Cash: $459.9M; Total Liquidity $903M (incl. $342.5M revolver)

Operational Highlights:

🔹 Began ramping U.S.-based manufacturing; first domestic content products delivered

🔹 Production ramp slower than expected — some revenue shifting to FY2026

🔹 Expect U.S. facilities at target capacity by year-end; ~$2.5B of backlog to convert in FY2026

CEO Commentary:

🔸 “Strong margins and execution this quarter; delays in U.S. facility ramp push some revenue into 2026, but fundamentals remain robust with a $4.9B backlog.”

📊 $FLNC (+9,97%) Q4 2024 Earnings Report

EPS: $0.34, beating estimate of $0.277 ✅

Revenue: $1.23B, beating estimate of $1.28B ✅

Forward Guidance:

FY2025 Revenue: Anticipated range of $3.6B–$4.4B, with a midpoint of $4.0B.

FY2025 Adjusted EBITDA: Estimated at $160M–$200M, with a midpoint of $180M.

FY2025 Annual Recurring Revenue (ARR): Expected to reach $145M by year-end.

Highlights:

✅ Record quarterly revenue: Fourth-quarter revenue grew 82% YoY, marking the company’s highest-ever quarterly performance.

✅ Backlog growth: Backlog increased to $4.5B, up from $2.9B in FY2023, supported by robust demand for energy storage solutions.

✅ Improved profitability: Achieved a 12.8% gross margin in Q4, reflecting operational efficiency and improved cost management.

✅ Strong cash generation: Free cash flow reached $71.6M, a significant improvement compared to a negative $114.9M in FY2023.

✅ Order intake: Secured $1.2B in new orders this quarter, the second consecutive quarter of over $1B in order intake.

CEO Commentary (Julian Nebreda, CEO):

"Our record performance this quarter underscores the strength of our market position and growing demand for energy storage solutions. We are excited about the opportunities ahead, particularly in the U.S. market, and remain committed to delivering value through innovation and operational excellence."

CFO Commentary (Ahmed Pasha, CFO):

"Our focus on disciplined growth and financial management has driven strong results this quarter. With a robust backlog and improving margins, we are well-positioned to deliver sustained profitable growth in FY2025."

Challenges:

❌ Supply chain constraints: Persistent challenges in global supply chains continue to pressure lead times.

❌ Rising input costs: Higher raw material and component costs affected margin expansion in some areas.