Q4 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$191M-13.8% YoY

Gross Profit

-$235M-122.5% margin

Operating Income

-$1.3B-678.7% margin

Net Income

-$1.3B-697.5% margin

EPS (Diluted)

$-1.46

QoQ Revenue Growth

+10.2%

Cash Flow

Operating Cash Flow

-$131M

Free Cash Flow

-$171M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$1.8B

Stockholders' Equity

$1.7B

Cash & Equivalents

$206M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$191M	$222M	-13.8%
Gross Profit	-$235M	-$192M	-22.3%
Operating Income	-$1.3B	-$626M	-107.6%
Net Income	-$1.3B	-$642M	-107.9%

Revenue Segments

Sale Of Electrolyzers

$61M32%

Sale Of Hydrogen Infrastructure

$32M17%

Sale of cryogenic equipment

$27M14%

Fuel Delivered To Customers

$20M10%

Power Purchase Agreements

$19M10%

Services Performed On Fuel Cell Systems And Related Infrastructure

$12M6%

Sale Of Fuel Cell Systems And Other Infrastructure

$12M6%

Sale Of Engineered Equipment

$6M3%

Other Product And Services

$2M1%