Ann: Fluence June 2019 Quarterly Report Business Update, page-63

I have spent all day trying to make sense of all this (the 4C update and the posts above).

I think they are saying:

1) FY revenue hasn't changed much but the mix has, dependent upon 2) below;
2) The 1H revenue will be adversely impacted by the San Quintin project but that will be rectified in the 2nd half (depending upon funding);
3) The mix change will lower EBITDA margins to the point that the timing of the Ivory project financial close comes into play; and
4) The likelihood that the Ivory project will complete by end September is low.