Commercial TractionNet new orders during the quarter totaled only $6.1 million, and the 12-month and total order book declined, indicating a lack of commercial traction compared to clean energy peers.
Order BacklogThe order backlog and order book were both down sequentially, with the order backlog at approximately $146.2 million, down 7% from the prior quarter.
Revenue EstimatesAnalyst has lowered revenue estimates for FY 2025/2026, signaling additional risk to the downside.