FuelCell Energy, Inc., a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, has reported financial results for its fourth quarter and fiscal year ended October 31st, 2018.
FuelCell Energy generated a total gross profit of $1.1m in the fourth quarter of fiscal 2018 compared to a gross profit of $3.2m generated in the fourth quarter of fiscal 2017. Both periods were impacted by the under-absorption of fixed overhead costs due to low production volumes.
Operating expenses for the quarter totalled $13.0m, compared to $11.3m for the fourth quarter of 2017.
Adjusted loss before interest, taxes, depreciation and amortization in the fourth quarter of 2018 totalled $8.8m, compared to $5.0m in the fourth quarter of 2017.
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