Investor Presentaiton
Full Year Guidance
Reaffirm CY23 Guidance
Revenue
$325M $425M
-
Gross Margin
10% - 15%
Q3 record revenue of $172.2 million driven by further deployments of the
Company's suite of energy storage systems across solutions and
geographies.
Q3 GAAP gross margin of 4.2%, or $7.1 million, driven by increased
hardware deliveries that we will realize value-add on in the fourth quarter
and timing of licensing payments that we now expect to be realized in the
fourth quarter instead of the third quarter.
Adjusted EBITDA
-($50M) to -($70M)
Q3 Adjusted EBITDA improved 43% sequentially, narrowing to ($10.2)
million reflecting scaling of revenue and management's continued focus on
optimizing operating expenses toward positive Adjusted EBITDA.
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