FuelCell Energy Inc (FCEL)

[Hoghead7]

Last 11 Q Adv Tech Rev average is $4.75M with low of $3.7M. 2nd low was $4.1M, then $4.3. Safe estimate would be $4.3M. $15M is conservative estimate for Generation, hoping we hit $16M. Not sure where any other revenue will come from so I'm thinking Very conservatively, $19.3M Revenue which would be a disappointment to say the least. But, I've been wrong far more often than right, and occasionally very wrong. That said we can hope Advanced Tech matches the high of $7.5M. So high end would be $23.5M without product or S&L revenue. Let's hope analysts are smart enough to figure similarly or lower. The good news is, we set the "Low watermark" and more revenue is definitely coming moving forward as S&L begins Q3 & grows in Q4! We actually had losses of $.8M & $1.1M In the S&L category based on losses with Toyota due to extensions before operational.
Cash 1/31/24 $297.5M vs $249.9M 1/31/23!
Restricted cash $5.96M vs $5.16M
Inventory $102.86M vs $84.45M
Other assets $13.15M vs $12.88M
Total assets declined $923.2M vs $955.5M
Based on $103.76M short term investments in 2023 vs 2024. Need to maintain available, unrestricted cash for balance sheet so can't have $ tied up in investment is my opinion. Burn has wide range of $20-$45M previously which should be improving with Toyota, Derby 1+2 operational and Groton now at full $7.4MW. SK would be HUUUGE right now and secure big cash flow until the company reaches profitability! C'mon $23M and loss of $.04 with cash burn under $25M. That would be a home run!!