Q2 2022 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$151M+21.4% YoY

Gross Profit

-$32M-21.5% margin

Operating Income

-$147M-97.1% margin

Net Income

-$173M-114.6% margin

EPS (Diluted)

$-0.30

QoQ Revenue Growth

+7.4%

Cash Flow

Operating Cash Flow

-$172M

Free Cash Flow

-$260M

Stock-Based Comp.

$45M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$1.4B

Stockholders' Equity

$4.3B

Cash & Equivalents

$2.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$151M	$125M	+21.4%
Gross Profit	-$32M	-$40M	+19.4%
Operating Income	-$147M	-$90M	-63.9%
Net Income	-$173M	-$100M	-73.9%

Revenue Segments

Sale Of Fuel Cell Systems And Other Infrastructure

$33M22%

Sale Of Hydrogen Infrastructure

$32M21%

Sale Of Engineered Equipment

$29M19%

Sale of cryogenic equipment

$18M12%

Fuel Delivered To Customers

$14M10%

Power Purchase Agreements

$11M7%

Services Performed On Fuel Cell Systems And Related Infrastructure

$9M6%

Sale Of Electrolyzers

$4M2%

Other Product And Services

$571,0000%

Geographic Segments

North America

$115M76%

Other Member

$36M24%