Q3 2022 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$189M+31.1% YoY

Gross Profit

-$46M-24.4% margin

Operating Income

-$160M-84.7% margin

Net Income

-$171M-90.5% margin

EPS (Diluted)

$-0.30

QoQ Revenue Growth

+24.7%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$183M

Stock-Based Comp.

$47M

Balance Sheet

Total Assets

$5.9B

Total Liabilities

$1.6B

Stockholders' Equity

$4.2B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$189M	$144M	+31.1%
Gross Profit	-$46M	-$31M	-48.2%
Operating Income	-$160M	-$99M	-61.9%
Net Income	-$171M	-$107M	-60.1%

Revenue Segments

Sale Of Fuel Cell Systems And Other Infrastructure

$76M40%

Sale Of Hydrogen Infrastructure

$37M20%

Sale Of Engineered Equipment

$26M14%

Sale of cryogenic equipment

$13M7%

Fuel Delivered To Customers

$12M7%

Power Purchase Agreements

$10M5%

Services Performed On Fuel Cell Systems And Related Infrastructure

$8M4%

Sale Of Electrolyzers

$7M4%

Other Product And Services

$324,0000%

Geographic Segments

North America

$157M83%

Other Member

$31M17%