Bloom Energy Achieves First-Ever Positive EPS with Revenue Surge

Published 5 hours agoBE

Bloom Energy Achieves First-Ever Positive EPS with Revenue Surge

Bloom Energy Corporation has marked a significant financial milestone by reporting its first-ever positive earnings per share (EPS) for the first quarter, accompanied by a 39% year-over-year revenue growth. This achievement reflects the company's strong demand and operational efficiency.

Further bolstering its financial performance, Bloom Energy noted an improvement in gross margins and successfully reduced operating expenses by $21 million compared to the previous year. The company's financial health was also supported by generating $484.2 million in cash flow from operating activities. In addition, international expansion efforts in markets like Korea and Italy have further driven growth.

In 2024, Bloom Energy's service business reached profitability, contrasting with a $33 million loss the previous year, and achieved a $4 million full-year non-GAAP gross profit. The company has set its sights on a revenue target of $1.4 billion to $1.6 billion for 2025 and a non-GAAP operating profit of $75 million to $100 million, as reported by Bloomberg Energy.

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