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Plug nosedives after missing estimates

Nov. 09, 2015 8:28 AM ETPlug Power Inc. (PLUG) StockPLUGBy: Yoel Minkoff, SA News Editor39 Comments
  • Adjusted net loss of $11.4M, or -$0.06 per share vs. a net loss of $7.5M, or -$0.04 in the same quarter a year ago.
  • Total revenue of $31.4M vs. $19.9M in the third quarter of 2014.
  • Total administrative costs (including R&D and SG&A) of $12.3M vs. $7.2M in the same period a year earlier.
  • Net cash used in operating activities was $13M, stemming from ongoing investment in commercial activity and working capital. At September 30, the company had cash, cash equivalents and restricted cash of $115.2M and net working capital of $110M.
  • Q3 results
  • PLUG -8% premarket

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