Financial Highlights - C3 AI's Q3 FY25 total revenue reached $98.8 million[27], with subscription revenue accounting for $85.7 million[27] - Subscription revenue growth was 22% year-over-year[6, 8] - Total revenue growth was 26% year-over-year[6, 8] - C3 AI's cash balance stands at $724.3 million[6] - The company anticipates Q4 FY25 total revenue between $103.6 million and $113.6 million, projecting year-over-year growth of 20% to 31%[22] - For the full fiscal year 2025, C3 AI expects total revenue between $383.9 million and $393.9 million, representing year-over-year growth of 24% to 27%[22] Partner Ecosystem - C3 AI closed 47 agreements with and through its partner network in Q3, a 74% increase year-over-year[11] - Microsoft and C3 AI closed 28 agreements across 9 industries, a 460% increase quarter-over-quarter[11] Bookings Diversity - In FY25-Q3, State and Local Government accounted for 28.8% of total bookings, while Federal, Defense and Aerospace contributed 24.6%[32]

Start Time: 17:00 January 1, 0000 5:57 PM ET Bloom Energy Corporation (NYSE:BE) Q3 2024 Earnings Call November 07, 2024, 17:00 PM ET Company Participants KR Sridhar - Founder, Chairman and CEO Dan Berenbaum - CFO Michael Tierney - VP, IR Conference Call Participants Andrew Percoco - Morgan Stanley Manav Gupta - UBS Chris Dendrinos - RBC Capital Markets Noel Parks - Tuohy Brothers Dushyant Ailani - Jefferies Sherif Elmaghrabi - BTIG Ameet Thakkar - BMO Capital Markets Henry Roberts - Truist Securities Martin ...

Q3 2024 Earnings November 7, 2024 Forward-looking statements and non-GAAP financial measures This presentation contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," ...

Revenue Performance - Total revenue for the three months ended September 30, 2024, was $330.4 million, a decrease of 17.4% compared to $400.3 million in the same period of 2023[9]. - Product revenue for the three months ended September 30, 2024, was $233.8 million, down 23.3% from $305.0 million in the same period of 2023[9]. - Total revenue from contracts with customers for the three months ended September 30, 2024, was $321.8 million, a decrease of 16% compared to $383.4 million in 2023[47]. - Total revenue from contracts with customers decreased to $874,435,000 in Q3 2024 from $927,501,000 for the same period in 2023, a decrease of about 5.7%[47]. - The company reported a total of $901,463,000 in revenue for the nine months ended September 30, 2024, compared to $976,554,000 in the same period of 2023, a decline of approximately 7.7%[47]. Financial Losses and Improvements - Net loss attributable to common stockholders for the three months ended September 30, 2024, was $14.7 million, compared to a net loss of $169.0 million in the same period of 2023[9]. - The company reported a loss from operations of $9.7 million for the three months ended September 30, 2024, significantly improved from a loss of $103.7 million in the same period of 2023[9]. - Comprehensive loss attributable to common stockholders for the three months ended September 30, 2024, was $14.2 million, compared to $169.3 million in the same period of 2023[10]. - The net loss for the nine months ended September 30, 2024, was $132.36 million, a significant improvement from a net loss of $312.05 million in the same period of 2023, representing a reduction of approximately 57.6%[18]. Expenses and Cost Management - Research and development expenses for the three months ended September 30, 2024, were $36.3 million, slightly up from $35.1 million in the same period of 2023[9]. - Total operating expenses for the three months ended September 30, 2024, were $88.4 million, down from $98.5 million in the same period of 2023[9]. - The company reported stock-based compensation expense of $55,016 for the nine months ended September 30, 2024, down from $77,160 in 2023, a reduction of approximately 28.7%[18]. Equity and Stockholder Information - Total stockholders' equity as of September 30, 2024, was $455.0 million, down from $520.7 million as of December 31, 2023[6]. - The total stockholders' equity as of September 30, 2024, was $454.99 million, an increase from $446.55 million as of June 30, 2024[12]. - The total equity attributable to common stockholders increased from $430,944,000 at June 30, 2024, to $454,992,000 at September 30, 2024, reflecting a growth of approximately 5.6%[12]. Cash Flow and Liquidity - Cash used in operating activities decreased to $392.23 million for the nine months ended September 30, 2024, compared to $494.36 million in 2023, reflecting a 20.6% improvement[18]. - The company reported a cash balance of $549.15 million at the end of the period, down from $637.70 million at the end of September 2023[18]. - The company anticipates that existing cash and expected operating cash flows will be sufficient to meet operational and capital cash flow requirements for the next 12 months[27]. Debt and Financing Activities - The company issued $402.5 million in 3% Green Convertible Senior Notes due June 2029, with net proceeds of $389.7 million after costs[25]. - As of September 30, 2024, total debt amounted to $1,154,563,000, with recourse debt at $1,150,000,000 and non-recourse debt at $4,563,000[71]. - The repayment schedule indicates a total outstanding loan principal of $1,154.563 million, with $632.5 million due in 2028 and $402.5 million thereafter[96]. Inventory and Asset Management - Inventory increased to $584,484,000 as of September 30, 2024, up from $502,515,000 as of December 31, 2023, with raw materials rising to $339,023,000[60]. - The company’s property, plant, and equipment net value was $484,505,000 as of September 30, 2024, compared to $493,352,000 as of December 31, 2023[63]. - Accounts receivable increased by $250.1 million for the nine months ended September 30, 2024, driven by transaction timing and changes in customer mix[40]. Tax and Regulatory Matters - For the three months ended September 30, 2024, the company recorded a pre-tax loss of $14.5 million, with an income tax provision of $0.1 million, resulting in an effective tax rate of (0.8)%[149]. - The effective tax rate for the three and nine months ended September 30, 2024, is lower than the statutory federal tax rate primarily due to a full valuation allowance against U.S. deferred tax assets[150]. Joint Ventures and Partnerships - The company entered into an amended joint venture agreement with SK ecoplant in September 2023, allowing SK ecoplant to increase its voting rights in the Korean joint venture to 60%[153]. - The total assets of the Korean joint venture reached $42.7 million as of September 30, 2024, up from $36.1 million as of December 31, 2023[156].

Bloomenergy Bloom Energy Reports Third Quarter 2024 Financial Results Reiterating 2024 Financial Guidance Announcing World's Largest Fuel Cell Installation SAN JOSE, Calif., November 7, 2024 — Bloom Energy Corporation (NYSE: BE) reported today its financial results for the third quarter ended September 30, 2024. The company reported revenue of $330.4 million for the third quarter of 2024. Third Quarter Highlights • Revenue of $330.4 million in the third quarter of 2024, a decrease of 17.5% year-over-year. • ...

Q2 2024 Earnings August 8, 2024 Forward-looking statements and non-GAAP financial measures This presentation contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," "e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to ____________ Commission File Number: 001-38598 ________________________ ...

[Bloom Energy Reports Second Quarter 2024 Financial Results](index=1&type=section&id=Bloom%20Energy%20Reports%20Second%20Quarter%202024%20Financial%20Results) [Second Quarter Highlights](index=1&type=section&id=Second%20Quarter%20Highlights) Bloom Energy reported strong second-quarter 2024 results, with revenue increasing 11.5% year-over-year to a record $335.8 million, alongside improvements in gross margin and a significant reduction in operating loss Q2 2024 Key Financial Metrics (Year-over-Year) | Metric | Q2 2024 | Change vs. Q2 2023 | | :--- | :--- | :--- | | **Revenue** | $335.8 million | +11.5% | | **Gross Margin** | 20.4% | +1.7 ppt | | **Non-GAAP Gross Margin** | 21.8% | +1.4 ppt | | **Operating Loss** | $23.1 million | $31.3M improvement | | **Non-GAAP Operating Loss** | $3.2 million | $22.7M improvement | - The company strengthened its balance sheet by issuing **3% convertible green notes**[2](index=2&type=chunk) - Announced a significant agreement with AI leader CoreWeave to power a high-performance data center in Volo, Illinois[2](index=2&type=chunk) - Silicon Valley Power approved an agreement to use Bloom fuel cells to provide **20-megawatts of power** for AWS data centers in Santa Clara, CA[2](index=2&type=chunk) [Summary of Key Financial Metrics](index=2&type=section&id=Summary%20of%20Key%20Financial%20Metrics) The company provided detailed GAAP and Non-GAAP financial summaries for the second quarter of 2024, showing sequential and year-over-year comparisons, with GAAP results indicating a net loss of $61.8 million and Non-GAAP results showing a significantly improved operating loss of $3.2 million Summary of GAAP Profit and Loss Statements (Q2'24 vs. Q2'23) | Metric ($000, except EPS) | Q2'24 | Q2'23 | | :--- | :--- | :--- | | **Revenue** | 335,767 | 301,095 | | **Gross Profit** | 68,522 | 56,350 | | **Operating Loss** | (23,128) | (54,456) | | **Net Loss to Common Stockholders** | (61,787) | (66,061) | | **GAAP EPS, Diluted** | $(0.27) | $(0.32) | Summary of Non-GAAP Financial Information (Q2'24 vs. Q2'23) | Metric ($000, except EPS) | Q2'24 | Q2'23 | | :--- | :--- | :--- | | **Gross Profit** | 73,156 | 61,418 | | **Operating Loss** | (3,188) | (25,939) | | **Adjusted EBITDA** | 10,219 | (8,421) | | **Non-GAAP EPS, Diluted** | $(0.06) | $(0.17) | [Full-Year 2024 Outlook](index=3&type=section&id=Outlook) Bloom Energy reaffirmed its financial outlook for the full year of 2024, signaling confidence in its commercial pipeline and continued execution, with expectations for significant revenue and positive non-GAAP operating income Full-Year 2024 Guidance | Metric | Outlook | | :--- | :--- | | **Revenue** | $1.4 - $1.6 Billion | | **Non-GAAP Gross Margin** | ~28% | | **Non-GAAP Operating Income** | $75 - $100 Million | [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2024, Bloom Energy's balance sheet shows total assets of $2.55 billion, an increase from $2.41 billion at the end of 2023, while total liabilities increased to $2.10 billion and cash and cash equivalents decreased to $581.7 million Balance Sheet Summary (in thousands) | Metric | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $581,684 | $664,593 | | **Total current assets** | $1,830,014 | $1,693,167 | | **Total assets** | $2,548,044 | $2,413,677 | | **Total current liabilities** | $393,475 | $470,422 | | **Total liabilities** | $2,101,494 | $1,893,007 | | **Total stockholders' equity** | $446,550 | $520,670 | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the second quarter of 2024, the company generated $335.8 million in total revenue, primarily from product sales, resulting in a net loss of $61.8 million attributable to common stockholders due to operating expenses and a significant loss on debt extinguishment Q2 2024 Revenue Breakdown (in thousands) | Revenue Source | Amount | | :--- | :--- | | Product | $226,308 | | Installation | $42,733 | | Service | $52,531 | | Electricity | $14,195 | | **Total Revenue** | **$335,767** | Q2 2024 Statement of Operations Summary (in thousands) | Metric | Amount | | :--- | :--- | | **Gross Profit** | $68,522 | | **Loss from Operations** | $(23,128) | | **Loss on extinguishment of debt** | $(27,182) | | **Net loss attributable to common stockholders** | $(61,787) | | **Net loss per share, diluted** | $(0.27) | [Condensed Consolidated Statement of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) In Q2 2024, the company used $175.5 million in cash from operating activities, while financing activities provided $242.8 million, largely from debt issuance, resulting in a net increase in cash and ending the period with $637.8 million in cash, cash equivalents, and restricted cash Q2 2024 Cash Flow Summary (in thousands) | Cash Flow Activity | Amount | | :--- | :--- | | Net cash used in operating activities | $(175,495) | | Net cash used in investing activities | $(12,004) | | Net cash provided by financing activities | $242,837 | | **Net increase in cash** | **$55,082** | - The primary source of cash from financing activities was **$402.5 million from the issuance of debt**, partially offset by **$141.0 million in debt repayments**[15](index=15&type=chunk) - The company ended the second quarter with **$637.8 million in cash, cash equivalents, and restricted cash**[16](index=16&type=chunk) [Reconciliation of GAAP to Non-GAAP Financial Measures](index=10&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) [Reconciliation of Key Metrics](index=10&type=section&id=Reconciliation%20of%20Key%20Metrics) This section provides detailed reconciliations from GAAP to non-GAAP financial measures for Q2 2024, showing how adjustments for items like stock-based compensation and loss on debt extinguishment bridge the GAAP operating loss of $23.1 million to a non-GAAP operating loss of $3.2 million and positive Adjusted EBITDA of $10.2 million Q2 2024 GAAP to Non-GAAP Reconciliation (in thousands) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | **Gross Profit** | $68,522 | $4,634 | $73,156 | | **Loss from Operations** | $(23,128) | $19,940 | $(3,188) | | **Net Loss to Common Stockholders** | $(61,787) | $47,813 | $(13,974) | Q2 2024 GAAP Net Loss to Adjusted EBITDA Reconciliation (in thousands) | Metric | Amount | | :--- | :--- | | **Net loss to Common Stockholders** | $(61,787) | | **Adjustments (SBC, debt loss, etc.)** | $47,813 | | **Adjusted Net Loss** | $(13,974) | | **D&A, Tax, Interest** | $24,193 | | **Adjusted EBITDA** | **$10,219** | [Use and Explanation of Non-GAAP Financial Measures](index=12&type=section&id=Use%20and%20Explanation%20of%20Non-GAAP%20Financial%20Measures) Bloom Energy explains its use of non-GAAP financial measures to supplement GAAP results, believing these provide a more meaningful evaluation of ongoing operational performance by excluding certain non-cash or non-recurring items, while acknowledging their limitations and encouraging careful review of reconciliations - Management uses non-GAAP measures to evaluate historical and prospective financial performance and to better understand the company's consolidated financial performance, as they believe excluded items are not reflective of ongoing operating results[24](index=24&type=chunk) - Key items excluded from non-GAAP calculations include: **stock-based compensation**, **gain/loss for non-controlling interests**, **fair value adjustments of derivative liabilities**, **loss on debt extinguishment**, and **restructuring charges**[24](index=24&type=chunk)[25](index=25&type=chunk) - The company acknowledges that non-GAAP measures have limitations, such as excluding material expenses and potential differences in calculation methods compared to other companies, and compensates by relying primarily on GAAP results and providing detailed reconciliations[27](index=27&type=chunk)[29](index=29&type=chunk)

Bloom Energy Corporation (NYSE:BE) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Ed Vallejo - Head of Investor Relations KR Sridhar - Founder, Chairman & Chief Executive Officer Greg Cameron - Outgoing President & Chief Financial Officer Daniel Berenbaum - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Manav Gupta - UBS Chris Dendrinos - RBC Capital Markets Sherif Elmaghrabi - BTIG Ameet Thakkar - BMO Capital Markets Biju Perincheril - SFG ...

Q1 2024 Earnings May 9, 2024 Forward-looking statements and non-GAAP financial measures This presentation contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," "expe ...