Consensus community valuation
$0.555
Average Intrinsic Value
91.9%
Undervalued by
Active Member Straws
#ASX Announcements
Added 2 months ago

Melbourne, New York 13 March 2020

Fluence Corporation Limited (ASX: FLC) is pleased to announce that it has entered into a new strategic market segment and new province with an Aspiral TM sale to Beijing China Railway Science New Technology Co. Ltd. for a project involving  the Chinese Railway System in Inner Mongolia.

Utilizing Fluence’s proprietary MABR technology, this Smart Products Solution consists of an Aspiral™ L3 unit to treat an initial 35m 3/day of highly concentrated wastewater. The wastewater is unusually high in nitrogen, similar to Fluence’s Hubei highway Systems project s and, once treated, will meet standards equivalent to China ’s Class 1A effluent requirement . Fluence’s MABR technology has demonstrated its ability to comply with the required effluent standards in previous extreme cold temperatures, while maintaining treatment fidelity.

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#ASX Announcements
Added 5 months ago

Fluence Receives First Bulk Follow-On AspiralTM Order from Kaitian in China

Melbourne, New York 30 December 2019

Fluence Corporation Limited (ASX: FLC) is pleased to announce that it has secured a follow-on AspiralTM order from Aerospace Kaitian Environmental Technology Co., Ltd (“Kaitian”) with a value of more than US$3 million. Shipments are expected to begin immediately and will extend into early 2020.

This first bulk order from Kaitian for a total of 15 wastewater treatment plants is comprised of 27 Aspiral™ L3 units and 18 Aspiral™ L4 units, which will collectively serve over a dozen towns and rural townships in Anhui Province in China. This order follows the Memorandum of Understanding (“MoU”) signed with Kaitian in August of 2019 to satisfy the expected capacity needs of 40,000 m3 /day or more through the end of 2021. Subsequent to the successful installation of the Xeilingang project in Huoqiu County for Kaitian, this particular volume order will deliver a combined capacity of 8,100 m3/day of Class 1A effluent.

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#ASX Announcements
Added 5 months ago

Fluence Achieves Financial Close for Ivory Coast Project

Melbourne, New York 8 January 2020

Fluence Corporation Limited (ASX: FLC) is pleased to announce that Financial Close on the €165 million (US$182 million) Ivory Coast water treatment plant (Project) has been achieved with the execution of the financing agreement by the Ministry of Finance of Ivory Coast (the Customer) and the Israeli Discount Bank (IDB). IDB was supported with export credit insurance from the Israeli Export Credit Agency ASHRA.

Following Financial Close, and upon meeting any outstanding conditions precedent, Fluence will start construction to fully erect and commission the 150,000 m3/day surface?water treatment plant over the next 24 months.

Having achieved Financial Close on the Project, Fluence Managing Director & CEO Henry Charrabé said: “We are very pleased to have reached this immensely important milestone for Fluence. The continued focus and cooperation with the teams from the Ministry of Finance and Ministry of Hydraulique in Ivory Coast, as well as with ASHRA and IDB, have allowed us to meet this objective. With planning work on the Project now largely completed, we can fully focus on moving towards construction commencement of this important turnkey water treatment plant.”

Achievement of Financial Close allows Fluence to immediately recognize no less than US$20 million (€18 million) of revenue for work that has already largely been completed. The delay in signing of the financing agreements may result in a short?term deferral of revenue that was expected to be recognized in 2019. However, there is a possibility that such revenue may still be able to be recognized, which would support Fluence’s ability to achieve an EBITDA positive quarter in Q4 2019.

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#Quarterly Reports
Last edited 4 weeks ago

28-Apr-2020:  Fluence Q1 2020 Business Update and Presentation  and  Appendix 4C - quarterly

Fluence achieves positive EBITDA in Q1; and expects to be cash flow positive in Q2 
 
Quarterly Activities Report for Quarter Ended 31 March 2020 (Q1 2020) 

  • Positive EBITDA (unaudited) achieved in Q1 2020
  • Q1 2020 revenue of US$47.3 million
  • Q1 2020 gross bookings of US$12.5 million, with total contract backlog at 31 March 2020 of US$228.0 million, including US$147.0 million related to the Ivory Coast Project
  • Net operating cash outflow of approximately US$7.9 million, US$2.1 million higher than previously expected due to COVID-19 delays in cash collections on some projects
  • Continued reduction in overhead costs on track; already reduced SG&A (Selling, General and Administrative Expenses) by more than 10% in Q1 2020 compared to Q1 2019
  • Cash balance of US$16.9 million as at 31 March 2020
  • FY2020 guidance reaffirmed, with Smart Products Solutions revenue of at least US$32.0 million, recurring revenue of US$9.0 million and sustained EBITDA profitability in 2020
  • Based on current contracts, and the anticipated collections from the Ivory Coast Project providing remaining conditions precedent are met, the Company expects to be cash flow positive in Q2 2020. 

--- click on link above for more ---

[Disclosure:  I have held FLC shares in the past, but do not currently hold any.  I'm interested again however - it sounds like they may be at an inflection point - moving into being a profitable company at last]
 

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#Financials
Added 4 months ago

Business Update for Quarter Ended 31 December 2019 (Q4 2019)

  • Q4 2019 gross bookings of US$25.4 million, with total backlog at 31 December 2019 at US$265.0 million
  • Strong quarterly sales were underpinned by FY 2019 Smart Product s Solutions revenue of US $26.5 million, exceeding the revised guidance
  • Two significant follow-on orders in China, and US$5.0 million Smart Products Solution in Argentina
  • Increased recurring revenue backlog by signing operation and maintenance agreement in Caribbean
  • Continued reduction in overhead costs by at least US $5.0 million annually or 12% YoY (unaudited)
  • Successfully raised A$38.3 million gross proceeds via a private placement and SPP
  • Achieved Financial Close (on 7 January 2020) for the Ivory Coast water treatment plant project , which underpins expectation of sustainable EBITDA profitability in FY 2020
  • Strongly positioned for growth in FY 2020, with FY 2020 guidance for Smart Products Solutions revenue of at least US $32.0 million (up 20 % YoY ), recurring revenue of US $9.0 million (up 30% YoY) and sustained EBITDA profitability
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#Personal Opinion
Added a month ago

FLC has a suite of decentralised  waste water treatment and desalination technologies and is slowly winning global recognition.

FLC has successfully cracked the difficult Chinese market. The company also has significant projects in the Ivory Coast and Argentina. 

The US is also looking at improving wastewater management and clean water technologies with legislative change.

I believe the snowball is tettering at the top of the hill and FLC may have identified managable solutions for global decentralised clean water technology.

Thus far FLC technology is proving to be reliable, effective and inexpensive to maintain!

Do your own research but the demand is coming! Can FLC successfully fill this demand and become profitable? Time will tell!

My money says yes, but please do your own due diligence!

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