Whilst Fluence haven't got a top line revenue guidance this year, if they close out the Ivory Coast deal in Q3 ... they should have approx. US$70m banked in revenue already this year. This assumes an even spread of revenue from iTEST amounting to US$45m over 3 years and San Quintin.
We are only 4.5 months into the year.. and a pipeline that is looking to bear fruit in
the next few months (especially China).
Did I mention we already have approx. US$130m for FY20 and US$119m in FY21.. and we haven't even started those financial years yet.
Fluence's larger projects typically have a 18 -24 month construction timeline, as such the large contracts won in FY18 and FY19 are due to complete in FY20, which is why it peaks that year. But as new projects are won, all these revenue forecasts will be increased. The below only shows the contracts won to date.
