Fuelcell energy inc (FCEL)
Income statement / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Jul'10
Revenues:
Revenues

16,264

11,041

22,712

9,216

17,783

17,884

12,110

20,830

38,613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs of revenues:
Product

-

-

-

-

-

-

-

-

-

-

-

737

1,807

-

13,681

15,424

25,073

43,826

31,130

20,221

33,418

42,360

32,315

27,707

34,460

36,190

45,441

34,375

29,065

29,068

21,023

18,657

26,202

21,192

29,382

26,673

25,760

16,218

Service and license

-

-

-

-

-

-

-

-

-

-

-

12,592

6,936

-

4,280

10,353

6,207

5,506

7,017

4,618

3,871

6,741

7,078

7,177

4,960

15,358

3,706

4,108

4,969

4,785

6,546

3,454

3,398

-

-

-

-

-

Generation

-

-

-

-

-

-

-

-

-

-

-

1,634

2,085

-

200

220

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advanced Technologies

-

-

-

-

-

-

-

-

-

-

-

5,454

6,174

-

3,555

2,584

2,089

2,119

3,209

3,761

4,381

5,308

3,783

3,390

5,014

3,609

4,560

3,953

2,324

1,567

2,124

2,042

1,737

1,434

1,778

1,934

2,320

2,655

Revenues

-

-

-

-

-

-

-

-

-

-

10,358

20,417

17,002

24,473

21,716

28,581

33,482

51,451

41,356

28,600

41,670

54,409

43,176

38,274

44,434

55,157

53,707

42,436

36,358

35,420

29,693

24,153

31,337

34,723

31,160

28,607

28,080

18,873

Costs of revenues

12,983

34,430

14,747

12,856

19,988

16,741

14,166

21,459

33,978

-

12,984

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross profit (loss)

3,281

-

7,965

-

-2,205

-

-2,056

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product

-

-

-

-

-

-

-

-

-

-

-

3,204

4,055

-

13,740

15,118

24,389

41,222

28,849

18,111

30,348

37,922

29,308

26,608

33,028

33,039

41,523

32,483

29,944

29,944

22,433

18,139

23,360

1,873

29,133

37,460

28,059

20,050

Service and license

-

-

-

-

-

-

-

-

-

-

-

12,159

6,266

-

4,087

10,821

6,619

4,581

5,719

4,433

3,568

5,491

6,629

6,760

4,157

15,867

3,427

3,904

6,485

2,915

7,888

3,942

4,300

-

-

-

-

-

Generation

-

-

-

-

-

-

-

-

-

-

-

1,294

1,115

-

197

167

232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advanced technologies

-

-

-

-

-

-

-

-

-

-

-

3,377

3,753

-

3,258

2,632

2,408

2,504

3,193

4,033

3,740

5,041

3,278

3,295

5,050

3,654

4,235

3,735

2,240

1,683

2,110

1,871

1,573

1,586

1,890

2,017

2,337

2,579

Total costs of revenues

-

-

-

-

-

-

-

-

-

-

-

20,034

15,189

-

21,282

28,738

33,648

48,307

37,761

26,577

37,656

48,454

39,215

36,663

42,235

52,560

49,185

40,122

38,669

34,542

32,431

23,952

29,233

34,284

31,023

39,477

30,396

-

Gross (loss) profit

-

-

-

-3,640

-

-

-

-629

4,635

-

-2,626

383

1,813

-468

434

-157

-166

3,144

3,595

2,023

4,014

5,955

3,961

1,611

2,199

2,597

4,522

2,314

-2,311

878

-2,738

201

2,104

439

137

-10,870

-2,316

-

Operating expenses:
Administrative and selling expenses

5,266

8,252

7,058

9,805

6,759

5,581

6,100

7,085

6,142

7,119

6,310

6,483

6,004

6,211

5,458

7,441

6,040

6,224

6,101

6,261

5,640

6,628

5,569

5,746

4,854

5,147

5,203

5,436

5,432

5,874

4,580

4,002

3,764

4,217

3,578

4,454

4,050

4,185

Research and development expenses

1,155

1,351

1,977

4,178

6,280

7,432

6,318

5,021

4,046

4,226

5,394

5,386

5,392

5,126

5,299

5,110

5,311

4,786

4,597

4,555

3,504

4,295

4,392

4,638

4,915

4,402

3,913

4,075

3,327

3,422

3,193

3,956

3,783

4,106

3,918

4,498

4,246

4,618

Restructuring expense

-

-

-

-

-

-

-

-

-

0

0

10

1,345

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

6,421

9,603

9,035

13,983

13,039

13,013

12,418

12,106

10,188

11,345

11,704

11,879

12,741

11,337

10,757

12,551

11,351

11,010

10,698

10,816

9,144

10,923

9,961

10,384

9,769

9,549

9,116

9,511

8,759

9,296

7,773

7,958

7,547

8,323

7,496

8,952

8,296

-

Total costs and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,432

Loss from operations

-3,140

-32,992

-1,070

-17,623

-15,244

-11,870

-14,474

-12,735

-5,553

-8,181

-14,330

-11,496

-10,928

-11,805

-10,323

-12,708

-11,517

-7,866

-7,103

-8,793

-5,130

-4,968

-6,000

-8,773

-7,570

-6,952

-4,594

-7,197

-11,070

-8,418

-10,511

-7,757

-5,443

-7,884

-7,359

-19,822

-10,612

-12,559

Interest expense

3,277

2,816

3,536

1,807

2,464

2,421

2,434

2,059

2,141

2,315

2,279

2,310

2,267

1,758

1,373

982

845

765

905

626

664

660

649

891

1,361

1,755

1,078

574

566

555

544

575

630

749

847

928

54

10

Change in fair value of common stock warrant liability

34,245

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46

-91

-42

-150

-362

207

-94

143

-198

-183

License fee and royalty income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341

422

412

424

478

499

382

359

-

Other income, net

531

649

-685

-31

160

200

1,042

1,620

476

517

-393

532

-409

732

749

-1,547

688

-179

1,464

-523

1,680

957

-399

-6,307

-1,774

-941

-162

177

-282

806

656

-414

196

-

-

-

-

-

Loss before benefit (provision) for income taxes

-40,131

-

-

-

-17,548

-

-

-

-

-

-

-

-

-

-10,947

-15,237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

226

41

296

Loss before redeemable preferred stock of subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,121

-7,830

-20,017

-10,464

-12,456

Accretion of redeemable preferred stock of subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-525

603

Loss before benefit (provision) for income taxes

-

-

-5,291

-19,461

-

-

-15,866

-13,174

-7,218

-

-17,002

-13,274

-13,604

-

-

-

-11,674

-8,810

-6,544

-9,942

-4,114

-4,671

-7,048

-15,971

-10,705

-9,648

-5,834

-7,594

-11,872

-11,519

-10,019

-8,484

-5,815

-7,139

-7,830

-19,999

-10,989

-13,059

(Provision) benefit for income taxes

20

-

20

69

-

5

15

0

-3,035

0

-1

-36

81

117

120

177

105

95

84

55

40

219

91

68

110

349

-20

35

7

0

-9

-121

199

-10

0

9

18

55

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,948

-11,067

-15,414

-11,779

-8,905

-6,628

-9,997

-4,154

-4,890

-7,139

-16,039

-10,815

-9,997

-5,814

-7,629

-11,879

-11,519

-10,010

-8,363

-6,014

-7,129

-7,830

-20,008

-11,007

-13,114

Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-86

-57

-41

-67

-45

-89

-103

-88

-190

-161

-196

-211

-297

-202

-264

-198

-181

-88

-71

-71

-64

-76

-52

-69

-88

Net loss

-40,151

-35,179

-5,311

-19,530

-17,548

-14,096

-15,881

-13,174

-4,183

-9,979

-17,001

-13,238

-13,685

-12,862

-11,010

-15,373

-11,712

-8,860

-6,539

-9,894

-4,066

-4,700

-6,978

-15,843

-10,604

-9,700

-5,612

-7,365

-11,681

-11,338

-9,922

-8,292

-5,943

-7,065

-7,754

-19,956

-10,938

-13,026

Adjustment for Modification of Redeemable Preferred Stock of Subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,987

-

-

Series B preferred stock dividends

931

-

-

800

800

-

800

800

-

-

-

-

-

800

800

800

800

800

800

800

800

800

800

800

800

800

800

800

800

800

800

801

800

800

800

800

800

799

Net loss attributable to common stockholders

-41,082

-36,003

-8,328

-22,876

-33,038

-17,929

-17,620

-18,173

-8,446

-10,779

-17,801

-14,038

-14,485

-13,662

-11,810

-16,173

-12,512

-9,660

-7,339

-10,694

-4,866

-5,500

-7,778

-16,643

-11,404

-10,500

-6,412

-8,165

-12,481

-12,138

-10,722

-9,093

-6,743

-7,865

-8,554

-29,743

-11,738

-13,825

Loss per share basic and diluted:
Net loss per share attributable to common stockholders

-0.20

-

-0.18

-2.06

-3.97

-

-2.45

-2.74

-0.12

-

-0.31

-0.33

-0.39

-

-0.38

-0.56

-0.48

-

-0.29

-0.44

-0.20

-

-0.03

-0.07

-0.06

-

-0.03

-0.04

-0.07

-

-0.06

-0.06

-0.05

-

-0.07

-0.24

-0.10

-0.15

Basic and diluted weighted average shares outstanding

202,216

-

45,069

11,090

8,321

-

7,191

6,630

72,024

-

57,420

42,568

37,613

-

31,015

28,782

26,246

-

24,884

24,252

23,798

-

258,178

243,289

200,637

-

192,051

190,431

187,553

-

185,906

-

-

-

-

-

-

-

Weighted average shares outstanding
Basic and diluted weighted average shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150,013

139,555

-

126,923

125,009

115,086

-

Basic and diluted weighted average shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93,512

Product Sales [Member]
Revenues

-

-

-

-

-

9,432

1,328

12,200

29,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service and License [Member]
Revenues

5,612

752

11,496

2,598

11,772

2,898

5,549

3,206

4,104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs of revenues

1,618

3,777

1,102

1,745

12,319

3,125

5,997

2,531

3,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Generation [Member]
Revenues

5,442

5,474

5,448

1,633

1,479

1,842

1,695

1,742

1,892

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs of revenues

5,557

22,595

5,726

1,685

1,636

1,401

1,375

2,036

1,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advanced Technologies [Member]
Revenues

5,210

4,334

5,768

4,985

4,532

3,712

3,538

3,682

3,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs of revenues

3,792

3,868

3,372

3,033

2,611

1,894

2,695

2,945

2,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product [Member]
Costs of revenues

2,016

4,190

4,547

6,393

3,422

10,321

4,099

13,947

26,137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series A Warrant [Member]
Series A warrant exchange

-

-

-

3,169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Series B preferred stock dividends

931

821

810

800

800

800

800

800

800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C Preferred Stock [Member]
Preferred stock deemed contributions (dividends) and redemption value adjustment, net

-

-

-

-1,599

-

-

-

4,199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C preferred stock deemed dividends and redemption value adjustment

0

-

-884

-

9,005

-

939

-

3,463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series D Preferred Stock [Member]
Series D preferred stock deemed dividends and redemption accretion

0

3

3,091

976

5,685

2,075

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-