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Plug Power | 8-K: Plug Announces First Quarter 2024 Financial Results

Plug Power | 8-K: Plug Announces First Quarter 2024 Financial Results

普拉格能源 | 8-K:Plug 公佈2024年第一季度財務業績
美股SEC公告 ·  05/09 19:27

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On May 9, 2024, Plug Power Inc. released its financial results for the first quarter of 2024, ending March 31. The company reported a revenue of $120.3 million and an earnings per share (EPS) loss of $0.46. Notably, Plug Power has reduced its net cash used in operating activities and capital expenditures by 38% quarter-over-quarter, emphasizing inventory reduction as a key part of its cash management strategy. Despite facing headwinds on equipment margins due to a focus on lowering inventory and limiting production, the company saw improvements in gross margins for Fuel Delivered, Service, and Power Purchase Agreements compared to previous quarters. Plug Power also highlighted its advancements in its hydrogen generation network, with significant production milestones reached at its Georgia and Tennessee plants and...Show More
On May 9, 2024, Plug Power Inc. released its financial results for the first quarter of 2024, ending March 31. The company reported a revenue of $120.3 million and an earnings per share (EPS) loss of $0.46. Notably, Plug Power has reduced its net cash used in operating activities and capital expenditures by 38% quarter-over-quarter, emphasizing inventory reduction as a key part of its cash management strategy. Despite facing headwinds on equipment margins due to a focus on lowering inventory and limiting production, the company saw improvements in gross margins for Fuel Delivered, Service, and Power Purchase Agreements compared to previous quarters. Plug Power also highlighted its advancements in its hydrogen generation network, with significant production milestones reached at its Georgia and Tennessee plants and the Louisiana plant on track for completion in 2024. The company has secured DOE grants totaling up to $163 million for various projects and has expanded its partnership with Uline and a leading U.S. automotive manufacturer. Plug Power's CEO, Andy Marsh, expressed confidence in the company's progress and its role in advancing the hydrogen economy. A conference call was held on the same day to discuss the results, with a webcast available on the company's website.
2024年5月9日,Plug Power Inc.發佈了截至3月31日的2024年第一季度的財務業績。該公司報告收入爲1.203億美元,每股收益(EPS)虧損0.46美元。值得注意的是,Plug Power已將其用於運營活動和資本支出的淨現金同比減少了38%,強調減少庫存是其現金管理戰略的關鍵部分。儘管由於專注於降低庫存和限制產量,設備利潤率面臨阻力,但與前幾個季度相比,該公司的燃料交付、服務和電力購買協議的毛利率有所提高。Plug Power還強調了其在氫氣發電網絡方面的進步,其喬治亞州和田納西州工廠達到了重要的生產里程碑,路易斯安那州的工廠有望在2024年完工。該公司已爲各種項目獲得了總額高達1.63億美元的美國能源部撥款,並擴大了與Uline和一家領先的美國汽車製造商的合作伙伴關係。Plug Power的首席執行官安迪·馬什對公司的進展及其在推進氫經濟中的作用表示了信心。當天舉行了電話會議,討論結果,並在該公司的網站上進行了網絡直播。
2024年5月9日,Plug Power Inc.發佈了截至3月31日的2024年第一季度的財務業績。該公司報告收入爲1.203億美元,每股收益(EPS)虧損0.46美元。值得注意的是,Plug Power已將其用於運營活動和資本支出的淨現金同比減少了38%,強調減少庫存是其現金管理戰略的關鍵部分。儘管由於專注於降低庫存和限制產量,設備利潤率面臨阻力,但與前幾個季度相比,該公司的燃料交付、服務和電力購買協議的毛利率有所提高。Plug Power還強調了其在氫氣發電網絡方面的進步,其喬治亞州和田納西州工廠達到了重要的生產里程碑,路易斯安那州的工廠有望在2024年完工。該公司已爲各種項目獲得了總額高達1.63億美元的美國能源部撥款,並擴大了與Uline和一家領先的美國汽車製造商的合作伙伴關係。Plug Power的首席執行官安迪·馬什對公司的進展及其在推進氫經濟中的作用表示了信心。當天舉行了電話會議,討論結果,並在該公司的網站上進行了網絡直播。

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