Fluence Energy Inc. - FLNC
When two-thirds is equal to one hundred percent
Shares of Fluence Energy (FLNC) are currently getting demolished in the aftermarket after announcing a Q1 earnings and revenue shortfall, and unless for some reason the company decided to leave out something super bullish that they plan to only disclose in tomorrow morning’s conference call, shares will likely face additional pressures when they open for trading.
The company had told us at the end of their FY2024 conference call in November that the plan for revenue distribution in FY2025 was going to be approximately 20% in the first half of the year and 80% in the back half of the year, for one incredibly back-end-loaded year. Here’s a link to my spiel.
So the fact that the company just reported revenues of only $187M, down 49% year over year, and only about 5% of the revenues they were hoping to recognize for the entire year, wasn’t supposed to be that big of a shocker, except that it really is.