Fluence Energy Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
FLNC$4.91-9.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE LOSS (UNAUDITED)
(U.S. Dollars in Thousands, except share and per share amounts)
| Three Months EndedJune 30, | Nine Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $328,091 | $431,616 | $856,125 | $1,042,328 |
| Revenue from related parties | 155,226 | 104,735 | 614,289 | 502,669 |
| Total revenue | 483,317 | 536,351 | 1,470,414 | 1,544,997 |
| Cost of goods and services | 400,272 | 514,531 | 1,286,803 | 1,480,324 |
| Gross profit | 83,045 | 21,820 | 183,611 | 64,673 |
| Operating expenses: | ||||
| Research and development | 14,976 | 9,918 | 47,843 | 51,631 |
| Sales and marketing | 14,773 | 10,106 | 41,271 | 29,299 |
| General and administrative | 45,106 | 38,145 | 126,901 | 101,190 |
| Depreciation and amortization | 3,624 | 2,267 | 8,589 | 7,360 |
| Interest income, net | (1,300) | (1,520) | (4,554) | (4,251) |
| Other expense (income), net | 562 | (733) | (410) | (8,862) |
| Income (loss) before income taxes | 5,304 | (36,363) | (36,029) | (111,694) |
| Income tax expense (benefit) | 4,229 | (1,318) | 1,328 | (2,058) |
| Net income (loss) | $1,075 | $(35,045) | $(37,357) | (109,636) |
| Net income (loss) attributable to non-controlling interest | $290 | $(11,655) | $(12,230) | (36,748) |
| Net income (loss) attributable to Fluence Energy, Inc. | $785 | $(23,390) | $(25,127) | $(72,888) |
| Weighted average number of Class A common shares outstanding: | ||||
| Basic | 127,910,081 | 117,456,282 | 125,273,648 | 116,368,987 |
| Diluted | 184,219,065 | 117,456,282 | 125,273,648 | 116,368,987 |
| Income (loss) per share of Class A common stock: | ||||
| Basic | $0.01 | $(0.20) | $(0.20) | $(0.63) |
| Diluted | $— | $(0.20) | $(0.20) | $(0.63) |
| Impact of foreign currency translation and cash flow hedges, net of tax | (2,343) | 5,079 | (2,311) | 25 |
| Total other comprehensive (loss) income | $(2,343) | $5,079 | $(2,311) | $25 |
| Total comprehensive loss | $(1,268) | $(29,966) | $(39,668) | $(109,611) |
| Comprehensive loss attributable to non-controlling interest | (384) | $(9,963) | $(12,911) | $(36,761) |
| Total comprehensive loss attributable to Fluence Energy, Inc. | $(884) | $(20,003) | $(26,757) | $(72,850) |
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