Plug power inc (PLUG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenue:
Net revenue

40,813

95,216

56,376

57,068

21,579

59,820

53,165

35,229

26,418

29,541

34,593

20,784

15,235

29,469

17,559

20,459

15,332

38,431

31,432

24,009

9,416

21,453

19,881

17,321

5,574

8,031

4,626

7,497

6,445

5,921

4,775

7,659

7,752

11,867

5,470

4,346

5,941

5,752

3,103

Gross revenue

-

-

-

-

-

-

-

-

-

-

-

22,604

15,235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for common stock warrants

-

-

-

-

-

-

-

-

-

-

-

1,820

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development contract revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

502

457

515

543

994

1,562

785

957

778

Licensed technology revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

163

163

163

-

-

Net revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,559

20,459

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,273

7,201

7,236

-

4,312

2,620

4,993

4,795

2,325

Cost of revenue:
Cost of research and development contract revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

699

770

417

-

730

532

620

414

791

832

765

726

1,695

2,473

1,337

1,729

1,679

Total cost of revenue

45,284

78,882

51,114

46,914

25,363

55,313

48,756

37,539

30,402

30,198

54,003

24,327

19,714

26,458

17,178

20,075

15,162

47,848

31,356

22,447

11,527

-

-

-

-

-

-

-

-

-

10,848

8,642

9,060

-

7,565

4,931

6,690

7,344

4,542

Provision for loss contracts related to service

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross loss

-4,471

16,334

5,262

10,154

-3,784

4,507

4,409

-2,310

-3,984

-657

-19,410

-3,543

-4,479

3,011

381

384

170

-9,417

76

1,562

-2,111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development

10,412

9,341

8,028

8,933

7,373

8,430

8,402

8,427

8,648

8,634

7,436

6,625

5,998

6,145

5,001

5,201

4,830

4,491

4,131

3,425

2,901

2,173

1,644

1,398

1,253

777

768

823

750

1,344

1,284

1,577

1,227

2,007

1,478

1,106

1,062

2,085

4,381

Legal reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

11,013

10,982

10,400

13,627

9,324

8,996

8,652

12,241

8,309

8,426

9,535

17,904

9,145

8,803

8,636

8,559

8,290

10,212

8,201

8,002

7,749

12,350

5,559

5,439

3,252

5,746

2,753

3,215

2,881

4,020

3,053

3,567

3,935

3,494

3,606

3,882

3,561

3,430

10,540

Total operating expenses

21,425

20,323

18,428

22,560

16,697

17,426

17,054

20,668

16,957

17,060

16,971

24,529

15,143

14,948

13,637

13,760

13,120

14,703

12,332

11,427

10,650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of leased assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-673

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

565

-

562

568

573

579

578

572

575

568

584

588

581

562

566

Operating loss

-25,896

-3,989

-13,166

-12,406

-20,481

-12,919

-12,645

-22,978

-20,941

-17,717

-36,381

-28,072

-19,622

-11,937

-13,256

-13,376

-12,950

-24,120

-12,256

-9,865

-12,761

-13,215

-10,696

-6,642

-7,378

-7,969

-8,000

-6,616

-6,378

-9,543

-11,781

-7,533

-7,813

-6,412

-8,787

-8,635

-7,291

-9,400

-18,607

Interest and other expense, net

-11,583

-10,806

-8,490

-7,861

-8,345

-6,542

-6,352

-6,136

-3,105

-2,988

-2,724

-2,251

-2,137

-6,909

-2,113

-1,208

-474

-344

-8

-28

31

656

628

49

45

66

26

40

16

54

80

43

47

469

-99

-87

-33

-141

-268

Loss on acquisition activity, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-116

-

-

-

-

1,014

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of common stock warrant liability

-

72

427

1,706

-2,126

978

1,716

334

1,258

1,266

-1,878

-12,296

-2,280

-365

1,975

1,456

1,278

-942

2,167

667

1,769

-111,601

485

-9,577

68,433

-20,930

-8,206

-5,833

-2,131

8,571

-1,434

-1,053

-1,238

-

-2,414

-1,790

-

-

-

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90

-

93

121

90

209

124

146

-82

103

59

42

55

-

-

-

-

-

-

Gain on sale of equity interest in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,234

-

-

0

-

-

-

-

-

-

-

-

Loss before income taxes

-37,479

-14,723

-21,229

-18,561

-30,952

-18,483

-17,281

-28,780

-22,788

-19,439

-40,983

-42,619

-24,039

-19,211

-13,394

-13,128

-12,146

-25,200

-10,213

-9,226

-11,051

-

-9,676

-

-

-

-16,305

-

-

-

-10,325

-

-

-

-

-

-

-

-

Interest and other expense and foreign currency gain (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

17

-5

-14

33

177

Income tax benefit

-

-

-

-

-

-1,636

-1,716

-2,912

-2,953

-

-

-

-

0

0

0

-392

-

-

-

-

-

-325

-

-

-

-410

-

-

-

0

-

-

-

-

-

-

-

-

Change in fair value of auction rate securities repurchase agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,842

2,469

Net trading gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,842

2,469

Net loss attributable to the Company

-37,479

-14,723

-21,229

-18,561

-30,952

-16,847

-15,565

-25,868

-19,835

-19,439

-40,983

-42,619

-24,039

-19,211

-13,394

-13,128

-11,754

-25,200

-10,213

-9,226

-11,051

-7,156

-9,351

3,877

-75,857

-28,877

-15,895

-9,320

-8,576

-8,474

-10,325

-6,479

-6,583

-7,167

-6,290

-6,752

-7,243

-9,291

-18,515

Preferred stock dividends declared and accretion of discount

13

-39

13

26

52

13

13

13

13

3,021

25

26

26

26

26

26

26

27

25

27

26

26

26

52

51

-

51

17

-

-

0

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-37,492

-14,671

-21,242

-18,587

-31,000

-16,860

-15,578

-25,881

-19,848

-22,460

-41,008

-42,645

-24,065

-19,237

-13,420

-13,154

-11,780

-25,227

-10,238

-9,253

-11,077

-7,182

-9,377

3,825

-75,909

-28,929

-15,947

-9,338

-8,576

-

-10,325

-6,479

-

-

-

-

-

-

-

Basic and diluted

-0.12

-0.05

-0.09

-0.08

-0.14

-0.08

-0.07

-0.12

-0.09

-0.10

-0.18

-0.19

-0.13

-0.11

-0.07

-0.07

-0.07

-0.15

-0.06

-0.05

-0.06

-

-0.06

-

-0.57

-

-0.19

-

-0.18

-0.21

-0.27

-0.17

-0.28

-0.22

-0.28

-0.41

-0.55

-0.71

-1.41

Weighted average number of common stock outstanding

305,192

260,131

236,759

231,114

220,605

215,275

218,953

214,315

226,985

228,117

225,762

220,310

191,185

181,695

180,375

180,282

180,125

180,094

177,369

173,439

173,365

-

169,557

-

133,750

-

84,150

-

-

38,237

37,977

37,853

23,437

22,890

22,676

16,320

13,225

13,150

13,116

Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

-

-

-0.14

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

-

-

-0.14

-

-

-

-

-

-

-

-

-

-

-

Basic weighted average number of common shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169,557

159,916

-

-

-

68,662

-

-

-

-

-

-

-

-

-

-

-

Diluted weighted average number of common shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176,157

-

-

-

68,662

48,566

-

-

-

-

-

-

-

-

-

-

Sales of fuel cell systems and related infrastructure
Net revenue

20,387

70,628

38,165

38,547

2,544

41,191

36,668

18,820

10,613

13,814

38,060

8,560

2,197

19,993

5,653

9,121

5,218

29,472

24,777

18,663

5,090

19,969

12,595

12,579

3,162

5,659

2,535

5,580

4,671

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

13,744

46,419

24,990

23,129

2,321

31,512

27,428

15,377

10,122

10,417

35,671

6,441

2,286

13,361

4,241

8,043

3,898

25,600

22,271

14,753

5,079

18,427

11,058

10,448

3,444

6,074

3,909

5,340

5,088

-

-

-

-

-

-

-

-

-

-

Services performed on fuel cell systems and related infrastructure
Net revenue

6,521

7,672

5,920

5,282

6,343

5,672

5,156

5,691

5,483

3,787

2,217

5,049

5,149

1,951

4,763

5,360

5,273

4,929

3,555

2,883

2,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

8,181

9,999

6,461

6,218

6,123

6,559

5,302

6,103

5,734

3,649

4,531

5,068

6,566

2,881

4,481

5,926

5,783

7,289

5,510

5,368

4,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Power Purchase Agreements
Net revenue

6,496

7,837

5,599

6,307

6,110

6,504

5,555

5,438

5,372

5,276

-1,663

4,945

4,311

4,061

3,858

3,062

2,706

2,118

1,546

1,077

977

-11,258

6,915

4,415

2,065

-

1,629

1,549

1,373

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

14,243

11,992

10,353

8,713

8,998

9,106

8,767

9,638

8,650

9,374

7,853

7,450

6,615

5,640

4,464

3,616

2,881

2,152

1,417

933

751

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fuel delivered to customers
Net revenue

7,333

9,028

6,557

6,932

6,582

6,453

5,786

5,280

4,950

4,839

-4,149

3,986

3,491

3,359

2,909

2,638

2,010

1,744

1,544

1,128

659

914

371

327

346

-

461

367

400

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

9,035

10,422

9,160

8,854

7,921

8,136

7,259

6,421

5,896

6,751

5,810

5,303

4,149

4,566

3,679

3,208

2,411

2,588

2,148

1,083

876

-16,939

9,217

5,908

4,018

-

3,902

3,632

2,909

-

-

-

-

-

-

-

-

-

-

Other
Net revenue

76

-

135

-

-

-

-

-

-

5

128

64

87

105

376

278

125

168

10

258

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

81

-

150

-

-

-

-

-

-

7

138

65

98

10

313

353

189

169

10

310

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-