FLC: Fluence Business Update for Q1 2023

FLUENCE CORPORATION LIMITED

• Q1 2023 revenues of $14M, down 49% from Q1 2022 mainly due to reduction in Ivory Coast revenue and SPS project delays.
• Fixed cost savings of $1.2M in Q1 2023, cash balance of $15.2M, and visibility on large, near-term orders.
• New wins include Coca Cola Water Reuse Plant, Dow Operations Contract, and Red Bluff Dam Brackish Desalination Plant.

2023-04-27 09:16:00