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The latest update is out from Fluence Corporation Limited ( (AU:FLC) ).
Fluence Corporation reported strong Q4 2024 financial results with a revenue of $21.2 million, but faced challenges due to delays in the Ivory Coast Addendum project and market weakness in China, leading to a FY 2024 revenue of $51.5 million and an EBITDA loss of $4.0 million. Despite these setbacks, the company remains optimistic for FY 2025, with a backlog of $88 million and expected revenue growth of 55-84%, driven by its strategic shift to high-margin products and recurring revenue streams.
More about Fluence Corporation Limited
Fluence Corporation Limited is a company operating in the water treatment industry, providing solutions for municipal water and wastewater treatment, industrial wastewater and biogas, industrial water and reuse, and recurring revenue through build-own-operate projects and operations & maintenance contracts. The company focuses on high-growth markets such as Southeast Asia and China, and is involved in projects like the Ivory Coast Main Works.
YTD Price Performance: 126.67%
Average Trading Volume: 12,210
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $44.51M
For detailed information about FLC stock, go to TipRanks’ Stock Analysis page.
