FuelCell (NASDAQ: FCEL) continued the downside that started a few days ago, when the company released its Q4 results, and they were lower than analyst expectations. In Q4, the company announced that, it had recorded an EPS loss of $0.12, significantly higher than the EPS loss of $0.07 that analysts were expecting. However, the company’s operating loss was narrower in the quarter, as compared to a similar quarter in the previous financial year. On top of that, the company’s GAAP loss stood at $0.23 per share in the quarter, significantly lower than the loss of $2.31 that it had recorded in a similar quarter in the previous financial year.
The company’s total revenues also beat analyst expectations. The company’s total revenues stood at $11 million, and beat analyst expectations of $9 million. Nonetheless, revenues in the quarter were 38.3% lower than a similar quarter in the last financial year, when the company reported total revenues of $17.9 million.
Breaking down the numbers, the company’s production segment stood at $0.48 million, and were 94.9% lower compared to a year ago. The company’s service and license revenues stood at $0.75 million, and were lower by 74% compared to a year ago. However, there are segments of the business that recorded exponential growth. One of them is generation, which brought in total revenues of $5.47 million, representing an increase of 197.2%. On top of that, the company’s advanced technologies segment had revenues of $4.33 million, representing a year-over-year increase of 16.8%.
Looking at its price action, the stock is in a downtrend. In yesterday’s session, the stock gapped down and opened at $1.70. It then traded between a high of $1.71 and a low of $1.50 before closing the day at $1.54. Volumes in the day stood at 28.33 million.
About FuelCell Energy Inc
FuelCell Energy Inc is a manufacturer and operator of fuel cell power stations. It is based in Danbury, Connecticut.