Financial Highlights
-
Record Revenue of $100 million, up from $40 million (+150%) in Q3 2021 and sequentially up 49% from Q2 of $67 million
-
GAAP Gross Margin of 9%, up from 8% in Q3 2021
-
Net Loss of $34 million versus Net Income of $116 million in Q3 2021
-
Adjusted EBITDA of $(13) million versus $(7) million in Q3 2021
-
Ended Q3 2022 with $294 million in cash, cash equivalents, and short-term investments
Operating Highlights
-
12-month Pipeline of $7.2 billion at end of Q3 2022, up from $5.6 billion (+29%) at end of Q2 2022
-
Bookings of $223 million, up from $104 million (+115%) in Q3 2021
-
Record contracted storage assets under management (AUM) of 2.4 gigawatt hours (GWh) at end of Q3 2022, up from 2.1 GWh (+14%) at end of Q2 2022
-
Solar monitoring AUM of 25 gigawatts (GW), down 7 GW sequentially primarily due to a one-time reduction of unprofitable platforms and customers
One to watch over the next year. Beat on revenue with EBITDA reaffirmed for Q2 2023. Very excited for this stock!
Click Here For Full Article
Source link
/cdn.vox-cdn.com/uploads/chorus_asset/file/24956079/Worldcoin_orb.jpg)
