Fluence Corp Ltd (OTCPK:EMFGF)

Q4 2024 Fluence Corporation Ltd Earnings Call Transcript

Jan 30, 2025 / 10:30 PM GMT

Release Date Price: $0.0589

Transcript

Key Points

Positve

Fluence Corp Ltd (EMFGF) met its revised revenue and EBITDA guidance for 2024, despite earlier challenges.
The company experienced significant growth in its core businesses, excluding the impact of the Ivory Coast addendum and Southeast Asia and China units.
Recurring revenue increased by over 30% compared to fiscal 2023, indicating a successful shift in focus to SPS and recurring revenue lines.
Fluence Corp Ltd (EMFGF) has a strong backlog entering 2025, with over $30 million in contracted backlog, an increase of approximately 30%.
The company has improved its cash flow and expects to be cash flow positive in 2025, with a revolving credit facility in place to support new projects.

Negative

2024 was a disappointing year financially, with revenue down 26.5% compared to 2023 due to delays in the Ivory Coast project and weak performance in China.
The company missed its order forecast for the second half of 2024, including a significant $38 million Bimini Boo expansion still under negotiation.
Fluence Corp Ltd (EMFGF) faced cash flow issues in 2024, primarily due to project delays and the repayment of the Upwell facility.
The Southeast Asia and China business units underperformed, prompting a restructuring and leadership changes.
The company is not yet in a position to pursue very large contracts independently, requiring financing partners for bigger projects.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FLC.AX - Fluence Corporation Ltd
Q4 2024 Fluence Corporation Ltd Earnings Call
Jan 30, 2025 / 10:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Fluence Corporation Q4 FY 2024 results call, all participants are in a listen-only mode. There will be a presentation followed by a question and answer session. Questions will be received via the webcast. If you wish to ask a question, please enter it into the ask a question box and click submit.

I would now like to hand the conference over to Mr Tom Pokorski CEO. Please go ahead.

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Unidentified_2 [2]
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Thank you. Welcome and good day, everyone. Welcome to the Q4 2024 Fluence Quarterly results

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