FuelCell Energy Inc (FCEL)

[Hoghead7]

Key take aways!
1) Q1 Revenue is a watermark (future quarters will ALL be higher.
2) Loss of $.05 beat all but 1 analyst estimates
3) Final charges for Toyota impacted earnings and margins, but obviously will no longer!!!!!! Better margins and earnings moving forward, especially since Q1 revenue is the water mark.
4) $348M cash is lowest in a long time, however, that is plenty for far more than 4 quarters operations, and likely 8 quarters with no significant improvement in revenue, again based on the revenue watermark, no more fees related to Toyota & Groton and vastly improved margins
5) They received the $21.6M but not as revenue
6) generation Revenue did come in at $10.5M and will increase in Q2 as Groton Derby one Derby 2 and Toyota will be there for a full quarter.