Fluence Energy(US:FLNC)2024-11-26 22:16Financial Performance - Fluence's Q4 2024 revenue reached $1228 million, an 82% increase year-over-year[28, 30] - The company's adjusted gross profit for Q4 2024 was $159 million, up by $81 million compared to the same quarter last year[28, 31] - Adjusted EBITDA for Q4 2024 stood at $87 million, a 335% increase from the previous year[28, 31] - For fiscal year 2024, Fluence generated approximately $2700 million in revenue, a 22% increase from the prior year[10, 34] - The adjusted gross profit margin for fiscal year 2024 was 129%, primarily due to select projects delivered under budget[32, 35] - Adjusted EBITDA for fiscal year 2024 was a positive $78 million, reflecting improved gross profit margin and better project execution[32, 36] Future Outlook - Fluence anticipates revenue between $3600 million and $4400 million for fiscal year 2025, with a midpoint of $4000 million[10, 44] - The company projects adjusted EBITDA between $160 million and $200 million for fiscal year 2025, with a midpoint of $180 million[10, 44] - Fluence expects annual recurring revenue (ARR) to reach approximately $145 million by the end of fiscal year 2025[10, 44] Order and Pipeline - Order intake during Q4 2024 was approximately $1200 million, including 46 GWh of solutions, 32 GWh of services, and 45 GW of digital[10] - The company's backlog as of September 30, 2024, was $4500 million, a 55% year-over-year increase[10, 12] - Fluence's global utility-scale pipeline reached approximately $21 billion as of September 30, 2024, a 60% year-over-year increase[10, 14, 17]