Tom Callagy's questions to Fluence Energy Inc (FLNC) leadership • Q1 2025
Question
Tom Callagy, on for Christine Cho, asked about the large deferred revenue figure on the cash flow statement and the company's procurement strategy for graphite given the AD/CVD investigation.
Answer
CFO Ahmed Pasha stated the deferred revenue should reverse in the next quarter. President and CEO Julian Nebreda explained they are accelerating some graphite imports and noted that any duties would likely apply industry-wide, creating a level playing field, though retroactive tariffs would be disruptive.