Not a lot of new info that i could see except for reasons for delays?
Highlights:
Continued confirmation of revenue for IC - Fluence still expects to recognize US$20 million of high gross margin revenue in Q4 for work that has largely already been completed.
Cash burn was down.
Dislikes:
San Quinton delayed further?
Company expects US$26.1 million of cash receipts - Only received $13.8m. Guessing San Quinton?
Based on current contracts, the Company expects US$22.0 million of cash receipts from customers during
Q4 2019 - meant to be getting $20usd mil from IC so only $2mil of other revenue?
Ann: Fluence September 2019 Quarterly Report Business Update, page-2
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