Bloom energy provides update on timing of fourth quarter and full year 2019 earnings report and announces restatement of certain financial statements

Bloom energy provides update on timing of fourth quarter and full year 2019 earnings report and announces restatement of certain financial statements.bloom energy corp - will restate certain prior period financial statements due to an accounting error related to its managed services agreements.bloom energy corp - revenue for managed services transactions will now be recognized over duration of contract instead of upfront.bloom energy corp - adjustments for msas are unrelated to service business, life of servers, or service contracts.bloom energy- adjustment has no impact on bloom's total cash, cash equivalents/cash flows & adjustment does not impact economic terms or substance of msas.bloom energy corp - total estimated change to net revenue amounts to less than 10% of total revenue over affected period for q1 of 2016 through q3 of 2019.bloom energy corp - affected period includes material impacts to our financial statements from q2 of 2018 to q3 of 2019.bloom energy corp - closed q4 of 2019 with backlog of 1,983 systems, an increase of over 43%.bloom energy corp - focused on its goal to refinance its december 2020 debt maturities by h1 of calendar year.
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