Q1 2022 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$141M+95.7% YoY

Gross Profit

-$35M-25.1% margin

Operating Income

-$139M-98.8% margin

Net Income

-$156M-111.1% margin

EPS (Diluted)

$-0.27

QoQ Revenue Growth

-13.0%

Cash Flow

Operating Cash Flow

-$178M

Free Cash Flow

-$263M

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$1.3B

Stockholders' Equity

$4.5B

Cash & Equivalents

$2.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$141M	$72M	+95.7%
Gross Profit	-$35M	-$12M	-190.4%
Operating Income	-$139M	-$48M	-188.2%
Net Income	-$156M	-$61M	-157.6%

Revenue Segments

Sale Of Fuel Cell Systems And Other Infrastructure

$38M27%

Sale Of Hydrogen Infrastructure

$27M19%

Sale Of Oil And Gas Equipment

$22M16%

Sale of cryogenic equipment

$18M13%

Fuel Delivered To Customers

$13M10%

Power Purchase Agreements

$10M7%

Services Performed On Fuel Cell Systems And Related Infrastructure

$8M6%

Sale Of Electrolyzers

$4M3%

Other Product And Services

$251,0000%

Geographic Segments

North America

$114M81%

Other Member

$27M19%