InvestSMART

Fluence Corporation Limited (ASX:FLC)

ALERT: Price-sensitive ASX Announcement for FLC
Current share price for FLC : $0.073 -0.016 (-17.98%)+
Announcement
Release
30 Apr 2026 8:26AM
Price at Release
$0.089
Full Release
download
Summary
Fluence Corporation Limited reported its quarterly business update for Q1 2026, highlighting a revenue increase of 3.6% compared to Q1 2025, reaching $17.2 million. Despite a decrease in new orders by 38% due to delays, the company is optimistic about significant order increases in Q2 2026. The backlog grew to $64.4 million, and a strong focus on high-margin Smart Product Solutions and Recurring Revenue products helped improve EBITDA to $0.5 million. Challenges included weak cash flow, which was impacted by delayed collections and orders, but positive operating cash flow is projected for the rest of FY2026. The company also discussed negotiations for extending a $20 million revolving credit facility, and highlighted ongoing efforts to secure external bank financing.
Key Points
  • Q1 2026 revenue was $17.2M, a 3.6% increase over Q1 2025.
  • New orders decreased by 38% to $7.5M due to delays.
  • Backlog grew to $64.4M.
  • EBITDA increased to $0.5M.
  • Focus on Smart Product Solutions and Recurring Revenue.
  • Weak cash flow due to delayed collections and orders.
  • Positive operating cash flow forecasted for FY2026.
  • Negotiating extension of $20M revolving credit facility.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.