Note:
I have covered FuelCell Energy (NASDAQ:FCEL) previously, so investors should view this as an update to my earlier articles on the company.
After a short delay last week, ailing molten carbonate fuel cell power plant developer FuelCell Energy has now filed its Q2/2019 10-Q with the SEC.
In short, Q2/2019 was another abysmal quarter for the company with zero product sales, a new multi-year low for service and license revenues and record operating expense, a truly ugly mixture:
Table: Key Financial Metrics 2016-2019 - Source: Company Filings
That said, cash burn from