XML 19 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Revenues:        
Total revenues $ 22,420 $ 38,349 $ 39,111 $ 75,422
Costs of revenues:        
Total costs of revenues 29,494 44,442 57,910 76,278
Gross loss (7,074) (6,093) (18,799) (856)
Operating expenses:        
Administrative and selling expenses 17,660 15,068 34,060 30,077
Research and development expenses 16,627 14,697 30,980 27,380
Total costs and expenses 34,287 29,765 65,040 57,457
Loss from operations (41,361) (35,858) (83,839) (58,313)
Interest expense (2,275) (1,502) (4,613) (3,014)
Interest income 3,390 3,688 7,457 7,098
Other income (expense), net 2,590 (236) (1,060) (187)
Loss before provision for income taxes (37,656) (33,908) (82,055) (54,416)
Provision for income taxes   (3)   (581)
Net loss (37,656) (33,911) (82,055) (54,997)
Net (loss) income attributable to noncontrolling interests (5,516) 392 (30,122) (2,072)
Net loss attributable to FuelCell Energy, Inc. (32,140) (34,303) (51,933) (52,925)
Series B preferred stock dividends (800) (800) (1,600) (1,600)
Net loss attributable to common stockholders $ (32,940) $ (35,103) $ (53,533) $ (54,525)
Loss per share basic and diluted:        
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.07) $ (0.09) $ (0.12) $ (0.13)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.07) $ (0.09) $ (0.12) $ (0.13)
Basic weighted average shares outstanding (in shares) 452,984,445 406,316,070 452,303,339 406,055,027
Diluted weighted average shares outstanding (in shares) 452,984,445 406,316,070 452,303,339 406,055,027
Net loss $ (37,656) $ (33,911) $ (82,055) $ (54,997)
Other comprehensive loss:        
Foreign currency translation adjustments (78) (151) (45) 296
Total comprehensive loss (37,734) (34,062) (82,100) (54,701)
Comprehensive (loss) income attributable to noncontrolling interests (5,516) 392 (30,122) (2,072)
Comprehensive loss attributable to FuelCell Energy, Inc. (32,218) (34,454) (51,978) (52,629)
Series B Preferred Stock        
Operating expenses:        
Series B preferred stock dividends (800) (800) (1,600) (1,600)
Product        
Revenues:        
Total revenues       9,095
Costs of revenues:        
Total costs of revenues 2,938 3,486 5,329 4,515
Service        
Revenues:        
Total revenues 1,369 26,190 2,986 40,072
Costs of revenues:        
Total costs of revenues 1,267 20,113 3,155 31,058
Generation        
Revenues:        
Total revenues 14,118 8,440 24,611 17,997
Costs of revenues:        
Total costs of revenues 21,424 17,081 42,318 33,683
Advanced Technologies        
Revenues:        
Total revenues 6,933 3,719 11,514 8,258
Costs of revenues:        
Total costs of revenues $ 3,865 $ 3,762 $ 7,108 $ 7,022