FuelCell Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2018
January 10, 2019 at 12:30 pm
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FuelCell Energy, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended October 31, 2018. For the quarter, the company reported total revenues of $17,884,000 compared to $47,889,000 a year ago. Loss from operations was $11,870,000 compared to $8,181,000 a year ago. Loss before provision for income taxes was $14,091,000 compared to $9,979,000 a year ago. Net loss was $14,096,000 compared to $9,979,000 a year ago. Net loss attributable to common stockholders was $17,929,000 against $10,779,000 a year ago. Basic net loss per share attributable to common stockholders was $0.19 compared to $0.17 a year ago.
For the year, the company reported total revenues of $89,437,000 compared to $95,666,000 a year ago. Loss from operations was $44,632,000 compared to $44,935,000 a year ago. Loss before provision for income taxes was $50,349,000 compared to $53,859,000 a year ago. Net loss was $47,334,000 compared to $53,903,000 a year ago. Net loss attributable to common stockholders was $62,168,000 against $57,103,000 a year ago.
Basic net loss per share attributable to common stockholders was $0.75 compared to $1.14 a year ago.
FuelCell Energy, Inc. is engaged in delivering environmentally responsible distributed baseload energy platform solutions through its fuel cell technology. The Company is a global manufacturer of stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. Its commercial technology produces electricity, heat, hydrogen, and water while separating carbon for utilization and/or sequestration. Its product portfolio is based on two electrochemical platforms, carbonate, and solid oxide. Both platforms can support power generation and combined heat and power applications using a variety of fuels, including natural gas, renewable biogas, and hydrogen. Its Carbonate platforms use a mixture of reforming and electrolysis, while solid oxide platforms can be used for pure hydrogen electrolysis. Its solid oxide platform operates on pure hydrogen fuel. Its commercial platforms include SureSource 1500, SureSource 3000, SureSource 4000 and SureSource Hydrogen.
FUELCELL ENERGY, INC. 
