Fluence Energy (FLNC) Misses Q4 Sales Targets

Company Overview

Fluence (FLNC) provides lithium-ion battery systems for grid storage and renewable energy integration.

Q4 CY2024 Highlights

* Revenue: $186.8 million (48.7% YoY decline, 50.5% miss)
* EPS (GAAP): -$0.32 (76.9% miss)
* Adjusted EBITDA: -$49.68 million (63.9% miss)
* Full-year revenue guidance lowered to $3.4 billion (15% decrease)
* EBITDA guidance for the full year reduced to $85 million
* Operating Margin: -31% (down from -8.2% in Q4 CY2023)
* Free Cash Flow: -$216.4 million (down from $16.77 million in Q4 CY2023)
* Backlog: $5.1 billion (37.8% YoY increase)

Sales Growth

* 5-year CAGR: 78%
* 2-year annualized growth: 37.5%
* Q4 CY2024: 48.7% YoY decline
* Analyst estimates for next 12 months: 67.7% growth

Operating Margin

* 5-year average: -8.3%
* Q4 CY2024: -31%

Earnings Per Share

* 5-year annualized growth: 47.6%
* 2-year annualized decline: 107%
* Q4 CY2024: -$0.32
* Analyst estimates for next 12 months: Positive $0.72

Key Takeaways

* Significant revenue miss due to delayed contracts and competition.
* Full-year guidance lowered.
* Weak quarter overall.
* Stock remained flat post-earnings.
* Follow-up analysis needed to determine investment potential.