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Fluence Doubles Q4 Revenue, Eyes $95M in 2025 with Smart Solutions Pivot
6:32pm on Sunday 1st of June, 2025 AEST
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Fluence Doubles Q4 Revenue, Eyes $95M in 2025 with Smart Solutions Pivot
6:32pm on Sunday 1st of June, 2025 AEST
Key Points
Q4 2024 revenue surged to $21.2M with $1.0M EBITDA, more than doubling prior quarters
FY 2024 revenue reached $51.5M, with a strategic pivot to Smart Product Solutions and recurring revenue
New orders hit $50M in FY 2024, up 5.8% year-on-year excluding Ivory Coast project delays
Backlog stands strong at $88M, with $58.1M expected to convert to revenue in FY 2025
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