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Bloom Energy Corporation
5/5/2022
and quickly to get our operating capacity online in our plant in Fremont. We see the demand coming that we have to meet not only this year but into the future. We are investing and you're starting to see some of those investment dollars, whether they be costs in the near term, coming through on our product costs. And that's driving things up in the near term. That will get better and abate as we go in the second half of the year. So it's both a numerator and a denominator issue in the first half that gets better in the second half of the year. I think as we get through this and get to our exit point at the end of the year, we're still targeting 24% for the year. So that gives you a sense of where we believe exits will be towards the end of the year. And we think we'll go into 23, 24 and beyond with that momentum.
Got it. Excellent. Just can you define how much more, you know, kind of cost there is weighted in the first half, if you think about it, just to get that ramp going, et cetera, that you alluded to more in the numerator kind of side of things?
I mean, you can see it, right? If you take in and look at our margins this quarter versus where they expect to be, it's in the kind of low single digits, mid-single digits on a dollar range. So we only had $200 million of total revenue. So you can see three or four points there, what it would equate to in dollars. It's not a lot, given the first quarter revenue number.
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