Fluence narrows net loss in fiscal Q2
- Admin
- May 10, 2024
- 1 min read
Fluence Energy Inc reported a narrowed net loss in its second fiscal quarter despite a revenue fall. The company's revenue declined 11% year-over-year, attributed to timing of product deliveries. Fluence launched Gridstack Pro 5000, aiming for domestic content incentives under the Inflation Reduction Act. The company is on track to start US battery module production in 2024. Fluence confirmed its full-year guidance of revenue and adjusted EBITDA. Chief financial officer Ahmed Pasha emphasized revenue growth and cost structure improvement.
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