Revenue increased by 82% in 2018. This was boosted by a record quarterly revenue of $43.7 million in Q4 2018, an increase of 73% when compared to the corresponding quarter in 2017.
Fluence had a reported US$38.7 million in cash and US$0.7 million in debt at the end of 2018. It recently announced a drawdown of US$2 million in debt to fund a desalination plant project in the Bahamas.
Fluence expects to become EBITDA positive by Q4 2019; however, this could occur earlier due to the new Ivory Coast deal ([COLOR=rgba(248, 60, 31, 1)]Click here to learn what EBITDA means). [/COLOR]
FLC Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
