Q4 2022 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$221M+36.3% YoY

Gross Profit

-$63M-28.3% margin

Operating Income

-$234M-105.9% margin

Net Income

-$223M-101.2% margin

EPS (Diluted)

$-0.38

QoQ Revenue Growth

+17.0%

Cash Flow

Operating Cash Flow

-$255M

Free Cash Flow

-$379M

Stock-Based Comp.

$45M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$1.7B

Stockholders' Equity

$4.1B

Cash & Equivalents

$691M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$221M	$162M	+36.3%
Gross Profit	-$63M	-$31M	-99.0%
Operating Income	-$234M	-$201M	-16.4%
Net Income	-$223M	-$193M	-15.8%

Revenue Segments

Sale Of Hydrogen Infrastructure

$45M25%

Sale Of Engineered Equipment

$39M22%

Sale of cryogenic equipment

$39M21%

Fuel Delivered To Customers

$17M9%

Power Purchase Agreements

$16M9%

Sale Of Electrolyzers

$14M8%

Services Performed On Fuel Cell Systems And Related Infrastructure

$10M5%

Other Product And Services

$2M1%

Geographic Segments

North America

$193M100%