PLUG EARNINGS RELEASED


CONFERENCE CALL AT 10 AM EST

Best News of all Chief Executive Officer Andy Marsh said in a statement today orders will total more than $150 million in 2014, more than four times 2013’s level. He expects to break even for earnings before interest, taxes, depreciation and amortization by the third quarter. – Bloomberg

Plug released it’s earnings during pre market hours. ” Plug Power’s growing sales momentum in 2013 continued as the year progressed, with bookings in the fourth quarter of $32 million.Sales orders for the year 2014 already exceed $60 million. The company also has a strong balance sheet, with over $66 million in cash as of today. “Although a lot has happened since our last call, I am more bullish than ever that Plug Power is moving into a rapid-growth cycle," said Andy Marsh. “We kicked off the first quarter of 2014 by signing a multi-site, multi-year GenKey contract with Walmart that surpassed our Q1 goals. I firmly believe that this continuing momentum will carry on throughout 2014, and that orders for this year will total more than $150 million almost four times our total for 2013. We also are on track to achieve our goal of EBITDAS break even by Q3 2014.” “Although a lot has happened since our last call, I am more bullish than ever that Plug Power is moving into a rapid-growth cycle," said Andy Marsh. “We kicked off the first quarter of 2014 by signing a multi-site, multi-year GenKey contract with Walmart that surpassed our Q1 goals. I firmly believe that this continuing momentum will carry on throughout 2014, and that orders for this year will total more than $150 million almost four times our total for 2013. We also are on track to achieve our goal of EBITDAS break even by Q3 2014.” For the full year 2013, total revenue was $26.6 million, comprised of $25.1 million for product and service revenue and $1.5 million for R&D contract revenue. This compares to total revenue of $26.1 million in 2012, which was comprised of $24.4 million for product and service revenue and $1.7 million for R&D contract revenue. The Company shipped 279 units during the fourth quarter of 2013 compared to 518 units in the fourth quarter of 2012. For the full year, the Company shipped 918 units compared to 1,391 in 2012. – Seeking Alpha

Everything you need to know will be here or here

Advertisements

About Mitchell Fung

Forex ,Stocks & Option Trading Contact Us if you have any more questions. Email- Hereitfirst@gmail.com Twitter- Hereitfirst_ Instagram- Hereitfirst Paypal Email for donations -desiredmaya@gmail.com
This entry was posted in stock market. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s