FLC fluence corporation limited
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News: FLC Fluence Corp Reaffirms FY 2020 Guidance For Positive EBITDA

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    30/07/20
    11:40
    Post #: 46180859

    July 30 (Reuters) - Fluence Corporation Ltd (FLC) :

    • FY 2020 GUIDANCE REAFFIRMED FOR POSITIVE EBITDA, US$32 MILLION IN SPS REVENUE AND US$9 MILLION IN RECURRING REVENUE
    • ANTICIPATE IVORY COAST PROJECT TO ACHIEVE ALL CONDITIONS PRECEDENT IN Q3 2020
    • OVERHEAD COST REDUCTIONS CONTINUE, WITH SG&A REDUCED BY MORE THAN 25% IN H1 2020
    • CASH BALANCE OF US$20.1 MILLION AT 30 JUNE 2020
    • H1 2020 EBITDA POSITIVE & REVENUE MORE THAN DOUBLED TO US$57.4 MILLION VERSUS H1 2019
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