Fluence Energy Inc (OQ:FLNC)
Business Focus: Batteries & Uninterruptable Power supplies
| Sector: Industrials | Industry: Electrical Components & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4601 Fairfax Drive, Suite 600 ARLINGTON VA 22203 |
| Tel: | N/A |
| Website: | https://fluenceenergy.com |
| IR: | See website |
| Key People | ||
| Julian Nebreda President, Chief Executive Officer, Director | Ahmed Pasha Chief Financial Officer, Senior Vice President | Rebecca Boll Senior Vice President, Chief Product Officer |
| Peter B. Williams Senior Vice President and Supply Chain and Manufacturing Officer | John Zahurancik Senior Vice President and President, Americas | |
| Business Overview |
| Fluence Energy, Inc. is a global provider of energy storage products and solutions, services, and optimization software for renewables and storage. The Company provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings and the Fluence IQ Platform. The Fluence IQ Platform delivers artificial intelligence enabled software-as-a-service products, including Fluence Nispera and Fluence Mosaic, for managing and optimizing renewables and storage from any provider. Its services include delivery services, recurring operational services, and financing structuring services, such as energy-storage-as-a-service. Its energy storage products and solutions include Gridstack Pro, Gridstack, Sunstack, Edgestack and Ultrastack. It has an aggregate of over 15.5 gigawatts (GW) of renewable energy assets using Fluence IQ Platform and 6.8 GW of contracted backlog related to renewable and energy storage assets. |
| Financial Overview |
| For the three months ended 31 December 2023, Fluence Energy Inc revenues increased 17% to $364M. Net loss decreased 32% to $16.7M. Revenues reflect Americas segment increase of 47% to $259.2M, APAC segment increase from $19.6M to $81.9M. Lower net loss reflects Research and development - Balancing val decrease of 12% to $14.7M (expense), Stock-based Compensation in R&D decrease of 69% to $726K (expense). |
| Employees: | 1,112 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,375M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,271M as of Mar 31, 2024 |
| EBITDA (TTM): | -$85.39M as of Mar 31, 2024 |
| Net annual income (TTM): | -$61.72M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$15.99M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 178,632,957 as of Feb 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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