More on Plug Power's Q1

• Adjusted net loss of $9.4M, or -$0.05 per share vs. a net loss of $12.8M, or -$0.07 in the same quarter a year ago.
• Total revenue of $15.3M vs. $9.4M in Q1 of 2015.
• GenDrive gross margin of 36%; Bookings of $72M, compared to $46M in the same period a year ago.
• Total administrative costs (including R&D and SG&A) of $13.1M vs. $10.6M a year earlier.
• Net cash used in operating activities was $6.9M. As of March 31, 2016, the company had total cash of $114.7M and net working capital of $86.7M.
• "Plug Power will leverage recent progress to strengthen its foundation for 50% annual growth in 2016. We feel comfortable with our sales strategy, and understand that continued financial strength will enable the path to breakeven," CEO Andy Marsh declared.
• PLUG -9.3% premarket
• Q1 results