Fluence Energy(US:FLNC)2025-02-11 10:30Financial Performance & Guidance - Q1 2025 revenue was $187 million, a 49% decrease compared to Q1 2024 due to the back-end loaded nature of expected revenue for FY2025[35, 36] - Adjusted EBITDA for Q1 2025 was -$50 million[10, 35] - The company lowered FY 2025 revenue guidance by $600 million to a range of $3.1 billion to $3.7 billion[12] - Approximately 85% of the revised FY 2025 revenue guidance midpoint is covered by the current backlog plus revenue already recognized[12, 39] - The company anticipates FY 2025 revenue split of 15% in the first half and 85% in the second half, expecting negative Adjusted EBITDA in H1[39] Backlog & Pipeline - Backlog as of December 31, 2024, reached $5.1 billion, a 38% year-over-year growth[10, 18, 19] - The company's pipeline increased to approximately $21.4 billion[10, 22, 23] Market & Strategy - The company sees minimal tariff exposure in 2025, with a potential impact of approximately $10 million to gross margin[29] - Americas BESS installations grew from 24 GWh in 2023 to almost 45 GWh in 2024, representing an 83% increase[27] - The company's domestic content strategy is expected to benefit from the Inflation Reduction Act (IRA) and updated BESS Safe Harbor Table[11, 28, 59]