Plug Power (PLUG) Reports In-Line Q4 Loss of 5c/Share

Plug Power (NASDAQ: PLUG) reported Q4 EPS of ($0.05), in-line with the analyst estimate of ($0.05). Revenue for the quarter came in at $38.4 million versus the consensus estimate of $36.18 million.

Q415 loss compares to an adjusted net loss in 2014 of $13.3 million, or $0.08 per share on a diluted basis.

Cash and Liquidity

Net cash used in operating activities for the fourth quarter and full year of 2015 was $8.4 million and $47.3 million, respectively, which stems from the ongoing investment in our increased commercial activity, and the incremental investment in working capital. Operating cash flows for the fourth quarter and full year 2015 included approximately $6.3 million and $12.1 million, respectively, of deposits and prepaid rent associated with the Company’s sale leaseback transactions. As of December 31, 2015, Plug Power had total cash of $111.8 million, including cash and cash equivalents of $64.0 million and restricted cash of $47.8 million. The Company’s net working capital was $88.5 million at December 31, 2015.

For earnings history and earnings-related data on Plug Power (PLUG) click here.

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