Company profile

Ticker
PLUG
Exchange
CEO
Andrew J. Marsh
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
223672377

PLUG stock data

(
)

Calendar

8 Nov 19
8 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 56.38M 57.07M 18.59M 59.82M
Net income -21.23M -18.56M -33.94M -16.85M
Diluted EPS -0.09 -0.08 -0.15 -0.08
Net profit margin -37.66% -32.52% -183% -28.16%
Operating income -13.17M -12.41M -23.47M -12.92M
Net change in cash 23.43M -19.49M 734K 24.78M
Cash on hand 43.28M 19.85M 39.34M 38.6M
Cost of revenue 51.11M 46.91M 25.36M 55.31M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 174.63M 100.15M 82.82M 103.29M
Net income -78.12M -127.08M -57.49M -55.69M
Diluted EPS -0.36 -0.6 -0.32 -0.32
Net profit margin -44.73% -127% -69.41% -53.92%
Operating income -69.48M -101.79M -51.52M -59M
Net change in cash 13.77M -21.19M -17.95M -82.24M
Cash on hand 38.6M 24.83M 46.01M 63.96M
Cost of revenue 172.01M 131.35M 81.98M 113.18M

Financial data from Plug Power earnings reports

Financial report summary

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Risks
  • We have incurred losses and anticipate continuing to incur losses.
  • We may require additional capital funding and such capital may not be available to us.
  • If we cannot obtain financing to support the sale or leasing of our products and services to customers, such failure may adversely affect our sales, profitability and liquidity.
  • Convertible debt securities that may be settled in cash, such as the Convertible Senior Notes, will have a material effect on our reported financial results.
  • We are subject to counterparty risk with respect to the convertible note hedge transactions.
  • Our stock price and stock trading volume have been and could remain volatile.
  • We depend on a concentration of anchor customers for the majority of our revenues and the loss of any of these customers would adversely affect our business, financial condition, results of operations and cash flows.
  • Our product sales and performance depends on the availability of hydrogen.
  • Delays in or not completing our product development goals may adversely affect our revenue and profitability.
  • The reduction or elimination of government subsidies and economic incentives for alternative energy technologies, or the failure to renew such subsidies and incentives could reduce demand for our products.
  • Certain component quality issues have resulted in adjustments to our warranty reserves and the accrual for loss contracts.
  • Certain component quality issues have resulted in adjustments to our warranty reserves and the accrual for loss contracts.
  • Our products and services face intense competition.
  • A material change in cost, performance, availability, or development of key suppliers’ products could have a material adverse effect on our business.
  • Possible new tariffs could have a material adverse effect on our business.
  • We may be unable to establish or maintain relationships with third parties for certain aspects of continued product development, manufacturing, distribution and servicing and the supply of key components for our products.
  • We are dependent on information technology in our operations and the failure of such technology may adversely affect our business.
  • Our products use flammable fuels that are inherently dangerous substances.
  • We are subject to legal proceedings and legal compliance risks that could harm our business.
  • We may not be able to protect important intellectual property and we could incur substantial costs defending against claims that our products infringe on the proprietary rights of others.
  • We face risks associated with our plans to market, distribute and service our products and services internationally.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud.
  • Our future plans could be harmed if we are unable to attract or retain key personnel.
  • Potential future acquisitions could be difficult to integrate, divert the attention of key personnel, disrupt our business and impair our financial results.
  • Our business may become subject to increased government regulation.
  • Provisions in our charter documents and Delaware law may discourage or delay an acquisition of the Company by a third party that stockholders may consider favorable.
Management Discussion
  • Our primary sources of revenue are from sales of fuel cell systems and related infrastructure, services performed on fuel cell systems and related infrastructure, Power Purchase Agreements (PPAs), and fuel delivered to customers.  Revenue from sales of fuel cell systems and related infrastructure represents sales of our GenDrive units, GenSure stationary backup power units, as well as hydrogen fueling infrastructure. Revenue from services performed on fuel cell systems and related infrastructure represents revenue earned on our service and maintenance contracts and sales of spare parts.  Revenue from PPAs primarily represents payments received from customers who make monthly payments to access the Company’s GenKey solution.  Revenue associated with fuel delivered to customers represents the sale of hydrogen to customers that has been purchased by the Company from a third party or generated on site.
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Removed: begin, cancelation, collaboration, correct, corrected, correction, Director, ExecutiveOfficer, exploring, overstatement, President, PrincipalExecutive, reclassification, restated, testing