FuelCell Energy Shares Drop 7% After Q4 Revenue Miss Despite 61% Gain

Margin gains failed to offset concern over a 10.8% backlog drop following a revenue shortfall.

Overview

Revenue rose 60.7% year over year to $30.53 million, missing the $42.66 million Wall Street consensus.
Adjusted loss per share came in at $0.52 compared with a $0.68 loss expected by analysts.
Adjusted EBITDA was a loss of $17.03 million, with the margin improving to negative 55.8% from negative 111%.
Backlog ended the quarter at $1.17 billion, down 10.8% from a year earlier, indicating order inflows lagged project deliveries.
Shares fell about 7% intraday to roughly $7.04, leaving market capitalization near $349.8 million, as investors weighed mixed signals versus multi-year revenue growth of 19.6% CAGR and roughly 28.3% over the past two years.