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fuelcellenergy NEWS RELEASE FuelCell Energy Reports Results for the First Quarter of Fiscal 2021 3/16/2021 First Quarter Fiscal 2021 Highlights ( All comparisons year - over - year unless otherwise noted ) • Revenues of $ 14.9 million compared to $ 16.3 million Gross loss of $ ( 3.6 ) million compared to gross profit of $ 3.3 million Loss from operations of $ ( 14.4 ) million compared to $ ( 3.1 ) million • Backlog of $ 1.27 billion as of January 31 , 2021 , a $ 93.8 million decrease from January 31 , 2020 • Entered into a power purchase agreement for 2.8 megawatt ( " MW " ) project in Derby , CT in February • Commenced operation and testing of a prototype solid oxide electrolysis hydrogen platform during the quarter DANBURY , Conn . , March 16 , 2021 ( GLOBE NEWSWIRE ) -- FuelCell Energy , Inc. ( Nasdaq : FCEL ) -- a global leader in fuel cell technology — with a purpose of utilizing its proprietary , state - of - the - art fuel cell platforms to enable a world empowered by clean energy — today reported financial results for its first quarter ended January 31 , 2021 and key business highlights . " During the first quarter , we strengthened our balance sheet by raising capital , paying down debt and executing against our core business backlog , " said Mr. Jason Few , President and CEO . " We are excited to announce that we made tangible progress in our decarbonization development efforts by producing hydrogen with our solid oxide electrolysis platform at our headquarters in Connecticut . Additionally , we continued to advance our joint research with ExxonMobil Research and Engineering Company ( “ EMRE ” ) on fuel cell carbon capture solutions . " " Recent weather events in Texas along with electric grid reliability challenges experienced in other locations such as 1