FuelCell Energy(FCEL) - 2021 Q1 - Earnings Call Presentation

Financial Performance - Revenues decreased by 9% to $14.9 million[15] - Generation revenues decreased 10% to $4.9 million due to temporary shutdowns[15] - Net loss was $(46.0) million compared to $(40.2) million[15] - Adjusted EBITDA was $(7.4) million compared to $(0.2) million, reflecting lower revenues and higher expenses[15] Liquidity and Capital Structure - Completed an underwritten common stock offering netting proceeds of approximately $156.4 million[12] - Repaid $87.3 million under the Orion Credit Agreement in full[12] - Repaid $21.5 million owed to Enbridge under the Series 1 Preferred Shares in full[12] - Total cash, restricted cash, and equivalents at quarter end totaled $209.6 million[12] Project Backlog and Development - Near completion on 8.8 MW of new power platforms[12] - Began early-stage construction for 24.5 MW of projects[12] - Total MW Under Active Development is 40.7[53]