Bloom Energy eyes profitability in 2013

Bloom Energy's CFO told Forbes that the company will be profitable in 2013.

Bloom Energy's CFO told Forbes that the company will be profitable in 2013.

Bloom Energy lost $32 million in its third quarter but is on track to become "operationally profitable" in 2013, according to Forbes.

Forbes cites "confidential documents sent by Bloom to its 'significant investors'" for the third quarter results that include about $101 million in revenue but a $106 million "pro forma cost of goods" and $26 million in operating expenses.

Forbes also quotes Sunnyvale-based Bloom CFO Bill Kurtz saying that the company is making a profit and expects to be "profitable in 2013. "

More details are available in the Forbes analysis.

From the Silicon Valley/San Jose Business Journal.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.