Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2013-12-31 | 2013-09-30 | 2012-12-31 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2010-09-30 | 2009-12-31 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 | 2002-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of equipment, related infrastructure and other | 96,773,000 | 99,173,000 | 63,506,000 | 138,111,000 | 107,141,000 | 76,788,000 | 68,295,000 | 167,923,000 | 145,130,000 | 216,286,000 | 182,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
services performed on fuel cell systems and related infrastructure | 19,742,000 | 16,367,000 | 16,874,000 | 11,964,000 | 14,148,000 | 13,034,000 | 13,023,000 | 12,005,000 | 9,290,000 | 8,701,000 | 9,097,000 | 9,812,000 | 8,406,000 | 8,822,000 | 8,240,000 | 8,309,000 | 6,677,000 | 5,675,000 | 6,045,000 | 5,631,000 | 6,829,000 | 6,236,000 | 6,521,000 | 7,802,000 | 5,920,000 | 5,282,000 | 6,213,000 | 5,672,000 | 5,156,000 | 7,188,000 | 6,598,000 | 6,734,000 | 5,842,000 | 5,049,000 | 5,149,000 | 5,060,000 | 4,763,000 | 5,360,000 | 5,273,000 | |||||||||||||||||||||||||||||||||||||||
power purchase agreements | 24,604,000 | 23,633,000 | 23,210,000 | 19,405,000 | 20,459,000 | 19,674,000 | 18,304,000 | 19,596,000 | 20,068,000 | 16,130,000 | 7,937,000 | 16,453,000 | 9,524,000 | 11,169,000 | 10,037,000 | 9,645,000 | 9,321,000 | 8,361,000 | 7,826,000 | 5,699,000 | 6,704,000 | 6,654,000 | 6,496,000 | 9,240,000 | 5,599,000 | 6,307,000 | 4,707,000 | 6,504,000 | 5,555,000 | 5,629,000 | 5,489,000 | 5,597,000 | 5,428,000 | 4,945,000 | 4,311,000 | 4,061,000 | 3,858,000 | 3,062,000 | 2,706,000 | |||||||||||||||||||||||||||||||||||||||
fuel delivered to customers and related equipment | 35,912,000 | 34,399,000 | 29,457,000 | 19,918,000 | 29,791,000 | 29,887,000 | 18,286,000 | 18,855,000 | 19,371,000 | 17,878,000 | 10,142,000 | 16,907,000 | 12,389,000 | 14,472,000 | 13,429,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 24,000 | 398,000 | 627,000 | 2,072,000 | 2,191,000 | 3,967,000 | 2,356,000 | 3,782,000 | 4,852,000 | 1,187,000 | 1,016,000 | 1,703,000 | 324,000 | 571,000 | 251,000 | 110,000 | 369,000 | 122,000 | 188,000 | -49,000 | 97,000 | 62,000 | 76,000 | 51,000 | 135,000 | 5,000 | 128,000 | 64,000 | 87,000 | 105,000 | 376,000 | 278,000 | 125,000 | |||||||||||||||||||||||||||||||||||||||||||||
net revenue | 177,055,000 | 173,970,000 | 133,674,000 | 191,470,000 | 173,730,000 | 143,350,000 | 120,264,000 | 222,161,000 | 198,711,000 | 260,182,000 | 210,286,000 | 220,742,000 | 188,628,000 | 151,267,000 | 140,804,000 | 161,905,000 | 143,922,000 | 124,557,000 | 71,958,000 | 14,103,000 | 106,989,000 | 68,070,000 | 40,813,000 | 98,202,000 | 56,376,000 | 57,068,000 | 18,593,000 | 59,820,000 | 53,165,000 | 36,006,000 | 27,195,000 | 31,873,000 | 35,370,000 | 20,784,000 | ||||||||||||||||||||||||||||||||||||||||||||
yoy | 1.91% | 21.36% | 11.15% | -13.81% | -12.57% | -44.90% | -42.81% | 0.64% | 5.35% | 72.00% | 49.35% | 36.34% | 31.06% | 21.44% | 95.68% | 1048.02% | 34.52% | 82.98% | 76.31% | -85.64% | 89.78% | 19.28% | 119.51% | 64.16% | 6.04% | 58.50% | -31.63% | 87.68% | 50.31% | 73.24% | ||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 1.77% | 30.14% | -30.19% | 10.21% | 21.19% | 19.20% | -45.87% | 11.80% | -23.63% | 23.73% | -4.74% | 17.03% | 24.70% | 7.43% | -13.03% | 12.49% | 15.55% | 73.10% | 410.23% | -86.82% | 57.17% | 66.79% | -58.44% | 74.19% | -1.21% | 206.93% | -68.92% | 12.52% | 47.66% | 32.40% | -14.68% | -9.89% | 70.18% | |||||||||||||||||||||||||||||||||||||||||||||
cost of revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit)/benefit from loss contracts related to service | -4,343,000 | -10,832,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cost of revenue | 297,220,000 | 227,435,000 | 207,535,000 | 426,002,000 | 273,755,000 | 274,605,000 | 279,339,000 | 444,448,000 | 336,676,000 | 338,325,000 | 279,682,000 | 301,220,000 | 234,691,000 | 183,732,000 | 176,153,000 | 249,668,000 | 175,000,000 | 164,855,000 | 84,129,000 | 2,770,000 | 108,279,000 | 62,994,000 | 45,284,000 | 78,882,000 | 51,114,000 | 46,914,000 | 25,363,000 | 55,313,000 | 48,756,000 | 38,316,000 | 31,179,000 | 32,530,000 | 54,780,000 | 24,327,000 | 19,714,000 | 29,567,000 | 17,178,000 | 20,075,000 | 15,162,000 | |||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross loss | -120,165,000 | -53,465,000 | -73,861,000 | -234,532,000 | -100,025,000 | -131,255,000 | -159,075,000 | -222,287,000 | -137,965,000 | -78,143,000 | -69,396,000 | -80,478,000 | -46,063,000 | -32,465,000 | -35,349,000 | -20,886,750 | -31,078,000 | -40,298,000 | -12,171,000 | -4,471,000 | -6,770,000 | -2,310,000 | -3,984,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 16,118,000 | 12,193,000 | 17,357,000 | 13,294,000 | 19,712,000 | 18,940,000 | 25,280,000 | 30,308,000 | 27,651,000 | 29,251,000 | 26,535,000 | 27,456,000 | 28,105,000 | 23,557,000 | 20,461,000 | 27,139,000 | 16,634,000 | 11,247,000 | 9,742,000 | -17,074,000 | 11,964,000 | 9,757,000 | 10,412,000 | 9,341,000 | 8,028,000 | 8,933,000 | 7,373,000 | 8,430,000 | 8,402,000 | 8,427,000 | 8,648,000 | 8,634,000 | 7,436,000 | 6,625,000 | 5,998,000 | 6,145,000 | 5,001,000 | 5,201,000 | 4,830,000 | |||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 110,592,000 | 87,893,000 | 80,839,000 | 121,421,000 | 91,586,000 | 85,144,000 | 77,959,000 | 111,848,000 | 105,451,000 | 101,154,000 | 104,016,000 | 101,509,000 | 85,578,000 | 95,953,000 | 80,890,000 | 73,200,000 | 42,421,000 | 38,652,000 | 25,579,000 | -3,746,000 | 14,277,000 | 21,658,000 | 11,013,000 | 10,982,000 | 10,400,000 | 13,627,000 | 9,324,000 | 8,996,000 | 8,652,000 | 12,241,000 | 8,309,000 | 8,426,000 | 9,535,000 | 17,904,000 | 9,145,000 | 8,803,000 | 8,636,000 | 8,559,000 | 8,290,000 | |||||||||||||||||||||||||||||||||||||||
restructuring | 5,519,000 | 2,964,000 | 17,154,000 | -1,000 | 514,000 | 1,629,000 | 6,011,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment | 97,524,000 | 20,599,000 | 1,064,000 | 940,909,000 | 4,185,000 | 3,937,000 | 284,000 | 8,280,000 | 665,000 | 9,986,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | -1,129,000 | -168,000 | -11,819,000 | -10,561,000 | 146,000 | 3,768,000 | -9,200,000 | 3,708,000 | 2,239,000 | 15,308,000 | 8,769,000 | 19,073,000 | -5,066,000 | 2,461,000 | 2,416,000 | 8,530,000 | -560,000 | 790,000 | -282,500 | -1,130,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 228,624,000 | 123,481,000 | 104,595,000 | 1,065,062,000 | 116,143,000 | 113,418,000 | 100,334,000 | 403,624,000 | 136,006,000 | 155,699,000 | 140,403,000 | 153,256,000 | 113,683,000 | 114,444,000 | 103,812,000 | 112,979,000 | 67,585,000 | 49,339,000 | 36,111,000 | -20,820,000 | 26,241,000 | 31,415,000 | 21,425,000 | 20,323,000 | 18,428,000 | 22,560,000 | 16,697,000 | 17,426,000 | 17,054,000 | 20,668,000 | 16,957,000 | 17,060,000 | 16,971,000 | 24,529,000 | 15,143,000 | 14,948,000 | 13,637,000 | 13,760,000 | 13,120,000 | |||||||||||||||||||||||||||||||||||||||
operating income | -348,789,000 | -176,946,000 | -178,456,000 | -1,299,594,000 | -216,168,000 | -244,673,000 | -259,409,000 | -625,911,000 | -273,971,000 | -233,842,000 | -209,799,000 | -233,734,000 | -159,746,000 | -146,909,000 | -139,161,000 | -200,742,000 | -98,663,000 | -89,637,000 | -48,282,000 | 32,153,000 | -27,531,000 | -26,339,000 | -25,896,000 | -1,003,000 | -13,166,000 | -12,406,000 | -23,467,000 | -12,919,000 | -12,645,000 | -22,978,000 | -20,941,000 | -17,717,000 | -36,381,000 | -28,072,000 | -19,622,000 | -11,937,000 | -13,256,000 | -13,376,000 | -12,950,000 | -9,678,124.5 | -9,400,206 | -31,078,560 | -10,192,210 | -8,291,346 | -70,287,153 | -14,594,905 | -19,947,054 | -20,219,273 | -17,726,857 | -19,325,848 | -15,056,630 | -16,256,560 | -15,353,828 | -13,969,001 | -12,899,613 | -12,919,050 | -12,043,488 | -10,690,747 | -12,325,976 | -11,724,757 | -11,466,466 | -11,298,481 | -11,837,209 | -13,863,170 | -12,058,688 | -12,521,708 | -13,466,811 | -12,378,595 | -10,545,042 | |||||||||
yoy | 61.35% | -27.68% | -31.21% | 107.63% | -21.10% | 4.63% | 23.65% | 167.79% | 71.50% | 59.17% | 50.76% | 16.44% | 61.91% | 63.89% | 188.23% | -724.33% | 258.37% | 240.32% | 86.45% | -3305.68% | 109.11% | 112.31% | 10.35% | -92.24% | 4.12% | -46.01% | 12.06% | -27.08% | -65.24% | -18.15% | 6.72% | 48.42% | 174.45% | 109.87% | 51.52% | 16.73% | -86.63% | 112.94% | -48.90% | -58.99% | 296.50% | -24.48% | 32.48% | 24.38% | 15.46% | 38.35% | 16.72% | 25.83% | 27.49% | 30.66% | 4.65% | 10.19% | 5.03% | -5.38% | 4.13% | -15.43% | -4.91% | -9.77% | -12.10% | 11.99% | 14.35% | |||||||||||||||||
qoq | 97.12% | -0.85% | -86.27% | 501.20% | -11.65% | -5.68% | -58.55% | 128.46% | 17.16% | 11.46% | -10.24% | 46.32% | 8.74% | 5.57% | -30.68% | 103.46% | 10.07% | 85.65% | -250.16% | -216.79% | 4.53% | 1.71% | 2481.85% | -92.38% | 6.13% | -47.13% | 81.65% | 2.17% | -44.97% | 9.73% | 18.20% | -51.30% | 29.60% | 43.06% | 64.38% | -9.95% | -0.90% | 3.29% | 2.96% | -69.75% | 204.92% | 22.93% | -88.20% | 381.59% | -26.83% | -1.35% | 14.06% | -8.27% | 28.35% | -7.38% | 5.88% | 9.91% | 8.29% | -0.15% | 7.27% | 12.65% | -13.27% | 5.13% | 2.25% | 1.49% | -4.55% | -14.61% | 14.96% | -3.70% | -7.02% | 8.79% | 17.39% | |||||||||||
operating margin % | -196.99% | -101.71% | -133.50% | -678.75% | -124.43% | -170.68% | -215.70% | -281.74% | -137.87% | -89.88% | -99.77% | -105.89% | -84.69% | -97.12% | -98.83% | -123.99% | -68.55% | -71.96% | -67.10% | 227.99% | -25.73% | -38.69% | -63.45% | -1.02% | -23.35% | -21.74% | -126.21% | -21.60% | -23.78% | -63.82% | -77.00% | -55.59% | -102.86% | -135.07% | ||||||||||||||||||||||||||||||||||||||||||||
interest income | 4,316,000 | 5,845,000 | 5,153,000 | 6,222,000 | 7,423,000 | 7,795,000 | 9,277,000 | 11,437,000 | 10,369,000 | 16,391,000 | 17,632,000 | 17,938,000 | 13,429,000 | 3,838,000 | 2,054,000 | 1,338,252.75 | 3,532,965 | 997,441 | 822,605 | 941,834 | 669,182 | 285,476 | 270,248 | 380,957 | 262,242 | 442,576 | 366,818 | 295,287 | 144,798 | 190,692 | 202,237 | 221,342 | 352,079 | |||||||||||||||||||||||||||||||||||||||||||||
interest expense | -16,461,000 | -15,938,000 | -11,486,000 | -16,638,000 | -9,148,000 | -9,511,000 | -11,325,000 | -11,484,000 | -11,802,000 | -11,265,000 | -10,650,000 | -10,166,000 | -9,020,000 | -11,203,000 | -8,648,000 | -55,147.75 | -114,061 | -106,530 | -12,549 | -55,932 | -53,443 | -48,911 | -37,464 | -45,257 | -33,892 | -28,970 | -7,581 | -27,953 | -9,561 | -15,879 | -13,679 | -14,781 | -15,988 | -17,120 | -172,279 | 24,897 | ||||||||||||||||||||||||||||||||||||||||||
other income/(expense) | 3,502,000 | 3,817,000 | 1,290,000 | -141,500 | 15,510,000 | -1,216,500 | 4,987,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of convertible debt instruments and debt | -5,475,000 | -3,652,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of convertible debenture | 9,240,000 | -7,338,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of debt | -2,719,000 | -3,408,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity method investments | -3,262,000 | -45,850,000 | -2,370,000 | -3,134,000 | -8,690,000 | -7,240,000 | -13,113,000 | -21,816,000 | -7,030,000 | -7,623,000 | -5,317,000 | -9,862,000 | -4,280,000 | -2,191,000 | -3,833,000 | -3,968,000 | -1,736,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -363,413,000 | -228,715,000 | -196,859,000 | -1,338,196,000 | -211,073,000 | -262,709,000 | -295,613,000 | -642,843,000 | -288,208,000 | -237,315,000 | -207,831,000 | -224,156,000 | -169,237,000 | -172,873,000 | -156,903,000 | -209,111,000 | -106,671,000 | -99,634,000 | -60,746,000 | 25,953,000 | -45,902,000 | -26,315,000 | -37,479,000 | -11,737,000 | -21,229,000 | -18,561,000 | -33,938,000 | -18,483,000 | -17,281,000 | -28,780,000 | -22,788,000 | -19,439,000 | -40,983,000 | -42,619,000 | -24,039,000 | -19,211,000 | -13,394,000 | -13,128,000 | -12,146,000 | |||||||||||||||||||||||||||||||||||||||
income tax (expense)/benefit | -92,000 | -12,000 | 29,500 | -95,000 | -163,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -363,505,000 | -228,727,000 | -196,859,000 | -1,335,628,000 | -211,168,000 | -262,333,000 | -295,776,000 | -642,395,000 | -283,479,000 | -236,398,000 | -206,561,000 | -125,135,750 | -170,758,000 | -173,296,000 | -156,489,000 | -9,591,567.5 | -9,291,565 | -30,459,044 | -10,249,508 | -8,157,449 | -64,295,321 | -13,810,258 | -20,727,686 | -17,484,853 | -15,176,246 | -16,726,710 | -11,183,007 | -13,281,870 | -11,876,795 | -13,025,003 | -12,125,919 | -16,453,035 | -11,867,837 | -10,887,437 | -12,535,153 | -11,804,431 | -11,683,319 | -11,298,989 | -11,952,088 | -14,039,505 | -12,405,511 | -12,826,891 | -13,766,895 | -12,719,075 | -10,674,366 | |||||||||||||||||||||||||||||||||
yoy | 72.14% | -12.81% | -33.44% | 107.91% | -25.51% | 10.97% | 43.19% | 413.36% | 66.01% | 36.41% | 32.00% | 17.58% | -85.55% | 120.55% | -50.55% | -53.35% | 323.66% | -17.44% | 85.35% | 31.64% | 27.78% | 28.42% | -7.78% | -19.27% | 0.08% | 19.63% | -3.26% | 39.38% | 1.58% | -3.64% | 4.88% | -15.92% | -5.82% | -11.91% | -13.18% | 10.38% | 16.22% | |||||||||||||||||||||||||||||||||||||||||
qoq | 58.93% | 16.19% | -85.26% | 532.50% | -19.50% | -11.31% | -53.96% | 126.61% | 19.92% | 14.44% | 65.07% | -26.72% | -1.46% | 10.74% | 3.23% | -69.49% | 197.18% | 25.65% | -87.31% | 365.56% | -33.37% | 18.55% | 15.21% | -9.27% | 49.57% | -15.80% | 11.83% | -8.82% | 7.41% | -26.30% | 38.64% | 9.00% | -13.14% | 6.19% | 1.04% | 3.40% | -5.46% | -14.87% | 13.17% | -3.29% | -6.83% | 8.24% | 19.16% | |||||||||||||||||||||||||||||||||||
net income margin % | -205.31% | -131.47% | -147.27% | -697.57% | -121.55% | -183.00% | -245.94% | -289.16% | -142.66% | -90.86% | -98.23% | -56.69% | -90.53% | -114.56% | -111.14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest | -1,636,000 | -1,628,000 | -203,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to plug power inc. | -361,869,000 | -227,099,000 | -196,656,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.31 | -0.2 | -0.21 | -1.65 | -0.25 | -0.36 | -0.46 | -1.08 | -0.47 | -0.4 | -0.35 | -0.38 | -0.3 | -0.3 | -0.27 | -0.34 | -0.19 | -0.18 | -0.12 | -0.1 | -0.11 | -0.03 | -0.12 | -0.04 | -0.09 | -0.08 | -0.15 | -0.08 | -0.07 | -0.12 | -0.09 | -0.08 | -0.18 | -0.19 | -0.13 | -0.11 | -0.07 | -0.07 | -0.07 | -0.06 | ||||||||||||||||||||||||||||||||||||||
weighted-average number of common stock outstanding | 1,158,516,229 | 1,126,627,283 | 945,767,987 | 785,024,373 | 858,442,951 | 736,848,684 | 641,256,134 | 595,468,419 | 599,465,146 | 598,053,390 | 589,205,165 | 579,716,708 | 578,043,278 | 578,043,278 | 577,866,983 | 558,182,177 | 574,520,806 | 567,033,722 | 513,458,287 | 237,152,780 | 371,010,544 | 316,645,050 | 305,192,201 | 237,152,780 | 236,759,521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loss contracts related to service | 8,888,000 | 10,274,000 | 6,036,000 | 16,484,000 | 15,745,000 | 30,545,000 | 41,581,000 | 7,331,000 | 6,889,000 | 17,958,000 | 5,727,000 | 1,068,000 | 2,048,000 | 3,910,250 | 7,462,000 | 6,694,000 | 1,485,000 | 1,076,500 | 4,306,000 | -1,071,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 382,500 | 1,521,000 | 423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gain on investments | 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment of available-for-sale securities | -2,707,750 | -10,831,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of equity securities | 2,434,000 | 70,000 | 3,842,000 | 5,075,000 | 4,705,000 | -4,221,000 | -13,484,000 | -5,159,000 | 7,022,000 | -607,000 | 323,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of convertible senior notes | -3,511,750 | -14,047,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -9,080,000 | -6,996,000 | -5,082,000 | -4,771,000 | 6,861,000 | -5,399,000 | -2,456,000 | -1,309,000 | -447,000 | -50,000 | -70,000 | -198,000 | -8,355.75 | -95,381 | 61,958 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 376,000 | -1,270,000 | -414,000 | 6,045,500 | 6,523,000 | 17,659,000 | 1,636,000 | 1,716,000 | 2,912,000 | 2,953,000 | 392,000 | 324,680 | 410,259 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on investments | -1,000 | -80,000 | -468,000 | -847,000 | 155,000 | -254,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gain/(loss) on investments | 65,750 | 264,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit)/expense | -1,729,000 | -4,729,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | -917,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | 1,083,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of fuel cell systems, related infrastructure and equipment | 175,867,000 | 157,985,000 | 116,233,000 | 108,847,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of fuel cell systems and related infrastructure | 65,512,250 | 115,999,000 | 99,278,000 | 46,772,000 | -1,741,000 | 83,528,000 | 47,746,000 | 20,387,000 | 70,952,000 | 38,165,000 | 38,547,000 | 2,220,000 | 41,191,000 | 36,668,000 | 20,622,000 | 11,458,000 | 15,352,000 | 45,179,000 | 8,560,000 | 2,197,000 | 19,993,000 | 5,653,000 | 9,121,000 | 5,218,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel delivered to customers | 93,392,000 | 11,556,000 | 11,121,000 | 11,127,000 | 4,563,000 | 9,831,000 | 7,372,000 | 7,333,000 | 10,157,000 | 6,557,000 | 6,932,000 | 5,453,000 | 6,453,000 | 5,786,000 | 6,488,000 | 5,535,000 | 5,975,000 | 4,850,000 | 3,986,000 | 3,491,000 | 3,359,000 | 2,909,000 | 2,638,000 | 2,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | -6,973,750 | -5,361,000 | -10,268,000 | -12,266,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -13,740,000 | 13,222,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company | -192,914,000 | -106,671,000 | -99,634,000 | -60,746,000 | 1,771,000 | -39,379,000 | -8,656,000 | -37,479,000 | -11,737,000 | -21,229,000 | -18,561,000 | -33,938,000 | -16,847,000 | -15,565,000 | -25,868,000 | -19,835,000 | -19,439,000 | -40,983,000 | -42,619,000 | -24,039,000 | -19,211,000 | -13,394,000 | -13,128,000 | -11,754,000 | -10,213,000 | -9,226,000 | -11,051,821 | -9,351,034 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends declared | -13,000 | -26,000 | -26,000 | -26,000 | -26,000 | -26,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -192,914,000 | -106,671,000 | -99,634,000 | -60,746,000 | -22,000 | -39,379,000 | -8,669,000 | -37,492,000 | -11,750,000 | -21,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit | 11,333,000 | -1,290,000 | 5,076,000 | 19,320,000 | 5,262,000 | 10,154,000 | 4,507,000 | 4,409,000 | -657,000 | -19,410,000 | -3,543,000 | -4,479,000 | 3,011,000 | 381,000 | 384,000 | 170,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | -41.34% | -124.52% | -50.01% | 328.67% | 19.35% | -786.00% | -122.72% | -121.82% | -5194.49% | -1022.66% | -2734.71% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -978.53% | -125.41% | 267.16% | -48.18% | 2.22% | -96.62% | 447.84% | -20.90% | -248.75% | 690.29% | -0.78% | 125.88% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 80.36% | -1.21% | 7.46% | 0% | 19.67% | 9.33% | 17.79% | 0% | 7.53% | 8.29% | 0% | 0% | -2.06% | -54.88% | -17.05% | ||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 6,331,000 | -17,241,000 | -13,198,000 | -11,583,000 | -10,806,000 | -8,490,000 | -7,861,000 | -8,345,000 | -6,542,000 | -6,352,000 | -6,136,000 | -3,105,000 | -2,988,000 | -2,724,000 | -2,251,000 | -2,137,000 | -6,909,000 | -2,113,000 | -1,208,000 | 87,000 | 28,000 | 32,000 | 31,176 | 628,339 | 66,897 | 26,028 | 188,147.75 | 141,930 | -809,527 | -317,554 | -296,295 | 213,263 | -286,442 | -106,911 | ||||||||||||||||||||||||||||||||||||||||||||
change in fair value of common stock warrant liability | 72,000 | 427,000 | 1,706,000 | -2,126,000 | 978,000 | 1,716,000 | 334,000 | 1,258,000 | 1,266,000 | -1,878,000 | -12,296,000 | -2,280,000 | -365,000 | 1,975,000 | 1,456,000 | 1,278,000 | 2,167,000 | 667,000 | 1,768,795 | 485,471 | -20,930,757 | -8,206,429 | 3,792,114 | 1,053,051 | 1,238,750 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends declared and accretion of discount | -4,750 | -13,000 | -13,000 | -13,000 | -13,000 | -26,000 | -52,000 | -13,000 | -13,000 | -13,000 | -12,000 | -25,000 | -26,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | -18,587,000 | -33,990,000 | -16,860,000 | -15,578,000 | -25,881,000 | -19,848,000 | -19,451,000 | -41,008,000 | -42,645,000 | -24,065,000 | -19,237,000 | -13,420,000 | -13,154,000 | -11,780,000 | -10,238,000 | -9,253,000 | -11,077,851 | -9,377,064 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | 231,114,868 | 220,605,068 | 218,882,337 | 218,953,106 | 214,315,312 | 226,985,762 | 216,343,985 | 225,762,535 | 220,310,678 | 191,185,690 | 180,619,860 | 180,375,680 | 180,282,904 | 180,125,763 | 177,369,017 | 173,365,830 | 169,557,223 | 76,436,408 | 84,150,851 | 34,376,427 | 88,207,878 | 88,071,196 | 87,341,717 | 86,894,954 | 86,656,349 | 86,448,152 | 86,100,326 | 78,463,236 | 73,125,957 | 60,145,940 | 51,664,671 | 50,644,950 | 50,818,978 | |||||||||||||||||||||||||||||||||||||||||||||
revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross revenue | 39,927,000 | 29,080,000 | 33,663,000 | 61,427,000 | 22,604,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from common stock warrants | -3,921,000 | -1,885,000 | -1,790,000 | -26,057,000 | -1,820,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenue | 15,235,000 | 32,578,000 | 17,559,000 | 20,459,000 | 15,332,000 | 31,432,000 | 24,009,000 | 9,415,539 | 19,881,094 | 8,032,231 | 4,626,816 | 18,449,360 | 7,659,097 | 7,752,142 | 14,398,201 | 5,752,804 | 9,071,341 | 3,221,215 | 2,621,400 | 5,277,412 | 4,054,280 | 3,736,886 | 5,098,312 | 4,535,031 | 4,007,102 | 2,630,177 | 1,040,346 | 1,755,539 | 2,764,157 | 2,275,708 | 2,728,359 | 3,880,675 | 3,656,684 | 3,220,687 | 4,541,861 | 4,628,823 | 3,685,014 | 3,285,605 | 2,980,584 | 3,465,104 | 3,104,174 | 2,952,355 | 3,376,535 | 2,993,687 | ||||||||||||||||||||||||||||||||||
loss on acquisition activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product revenue | 17,976,000 | 15,324,000 | 4,067,476 | 12,595,044 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service revenue | 13,446,000 | 8,428,000 | 5,303,063 | 6,914,933 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development contract revenue | 10,000 | 257,000 | 45,000 | 371,117 | 266,796 | 461,808 | 1,243,637 | 457,693 | 515,376 | 942,853 | 957,270 | 5,523,261 | 1,936,522 | 1,338,678 | 3,861,729 | 2,783,302 | 2,886,552 | 4,353,658 | 3,335,541 | 3,331,325 | 2,168,143 | 659,829 | 1,079,161 | 2,021,307 | 1,418,978 | 1,687,611 | 2,570,957 | 2,183,015 | 2,164,317 | 3,430,358 | 3,293,805 | 2,176,974 | 1,934,518 | 1,630,211 | 1,477,011 | 958,643 | 919,292 | 1,331,130 | 374,577 | |||||||||||||||||||||||||||||||||||||||
cost of product revenue | 15,145,000 | 11,653,000 | 3,837,935 | 11,058,189 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of service revenue | 16,201,000 | 10,483,000 | 7,637,863 | 9,217,120 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of research and development contract revenue | 10,000 | 311,000 | 51,153 | 699,490 | 622,628 | 730,486 | 1,972,253 | 832,564 | 765,958 | 3,631,496.5 | 3,794,321 | 4,973,808 | 6,470,323 | 5,198,167 | 4,723,078 | 2,653,279 | 1,413,159 | 1,335,963 | 2,350,841 | 2,536,699 | 2,541,063 | 3,364,876 | 3,255,333 | 2,914,459 | 3,558,640 | 4,260,544 | 3,065,020 | 2,589,886 | ||||||||||||||||||||||||||||||||||||||||||||||||||
research and development expense | 4,131,000 | 3,425,000 | 2,900,944 | 1,643,526 | 777,977 | 768,965 | 3,857,158 | 1,577,077 | 1,227,457 | -6,298,405 | 2,085,622 | 12,366,804 | 3,957,569 | 4,464,962 | 8,389,608 | 7,703,000 | 10,036,495 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
legal reserve | 2,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expenses | 8,201,000 | 8,002,000 | 7,140,969 | 4,950,594 | 3,475,736 | 2,753,030 | 11,009,730 | 3,567,268 | 3,935,793 | -3,282,763 | 3,430,197 | 10,972,754 | 4,454,052 | 3,238,864 | 8,695,986 | 4,754,655 | 6,460,787 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on acquisition activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on bargain purchase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -0.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -0.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic weighted-average number of common shares outstanding | 173,439,391 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average number of common shares outstanding | 173,439,391 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 608,444 | 608,444 | 565,941 | 562,896 | 1,733,498 | 572,991 | 575,773 | 631,036 | 562,785 | 1,607,179 | 525,154 | 506,198 | 514,351 | 562,668 | 575,002 | 585,939 | 571,914 | 456,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.06 | -0.06 | -0.073 | -0.07 | -0.24 | -0.08 | -0.06 | -0.71 | -0.16 | -0.24 | -0.19 | -0.17 | -0.19 | -0.13 | -0.15 | -0.14 | -0.15 | -0.14 | -0.19 | -0.15 | -0.15 | -0.17 | -0.16 | -0.16 | -0.15 | -0.16 | -0.2 | -0.2 | -0.21 | -0.27 | -0.25 | -0.21 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity interest in joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product and service revenue | 4,334,865.75 | 4,165,008 | 17,205,723 | 7,201,404 | 7,236,766 | 12,938,785 | 4,795,534 | 3,548,080 | 1,284,693 | 1,282,722 | 1,415,683 | 1,270,978 | 850,334 | 744,654 | 1,199,490 | 675,777 | 462,034 | 380,517 | 676,378 | 742,850 | 856,730 | 1,040,748 | 1,309,718 | 1,473,669 | 1,056,370 | 1,111,503 | 1,335,018 | 1,508,040 | 1,351,087 | 1,350,373 | 1,988,093 | 2,145,531 | 2,033,063 | 2,045,405 | 2,619,110 | |||||||||||||||||||||||||||||||||||||||||||
cost of product and service revenue | 6,195,879.5 | 7,812,018 | 29,015,172 | 8,642,527 | 9,060,689 | 15,494,932 | 7,344,444 | 5,498,185 | 1,748,268 | 483,515 | 5,143,024 | 1,834,541 | 1,637,848 | 1,368,722 | 1,963,490 | 4,381,985 | 1,684,577 | 1,514,181 | 761,453 | 1,336,366 | 1,220,994 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
licensed technology revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income and net realized losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
from available-for-sale securities | 182,430 | 43,690 | 47,524 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income and foreign currency gain | -218,993 | -42,965 | -55,848 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding | 9,463,339.5 | 37,853,358 | 23,437,600 | -112,260,302 | 131,501,132 | 66,528 | 129,044,133 | 128,472,637 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of research and development contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue | 1,322,712 | 1,729,962 | 9,704,979 | 2,728,382 | 2,219,207 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of auction rate securities repurchase agreement | -1,494,455.5 | -2,842,790 | -3,732,763 | -513,761 | -3,049,994 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net trading gain | 1,494,455.5 | 2,842,790 | 3,732,763 | 513,761 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in-process research and development | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income and net realized gains | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses) from available-for-sale securities | 1,429,043 | 260,256 | 430,192 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss on available-for-sale securities | -4,942,229 | -789,117 | -2,794,646 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in losses of affiliates | -30,459,044 | -10,249,508 | -8,157,449 | -64,295,321 | -13,810,258 | -20,727,686 | -17,484,853 | -15,176,246 | -16,726,710 | -11,183,007 | -13,281,870 | -11,876,795 | -13,025,003 | -12,125,919 | -12,014,680 | -11,419,563 | -10,439,163 | -12,084,698 | -11,351,381 | -11,232,177 | -10,865,466 | -11,486,270 | -13,581,562 | -11,928,671 | -12,347,004 | -13,281,694 | -12,253,888 | -10,192,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of affiliates | -4,438,355 | -448,274 | -448,274 | -450,455 | -453,050 | -451,142 | -433,523 | -465,818 | -457,943 | -476,840 | -479,877 | -485,201 | -465,187 | -481,403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on trading securities | 3,049,994 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income and net realized gains from available-for-sale securities | 1,159,497.5 | 1,860,206 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income and net realized gains from available-for-sale securities | 2,120,925 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenue and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash stock-based compensation | 664,243.75 | 928,305 | 852,301 | 876,369 | 726,242 | 712,851 | 716,915 | 663,360 | 437,970 | 386,777 | 377,080 | 372,274 | 932,087 | 663,748 | 521,138 | 474,183 | 318,448 | 500,596 | 288,667 | 226,125 | 483,610 | 269,836 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other research and development | 6,197,426.75 | 8,433,526 | 7,934,155 | 8,422,026 | 10,261,389 | 10,855,776 | 9,319,301 | 8,321,400 | 8,810,867 | 9,121,130 | 7,364,196 | 9,448,988 | 8,083,505 | 7,932,783 | 7,338,143 | 9,257,202 | 8,979,105 | 9,727,157 | 10,124,310 | 9,905,330 | 9,879,824 | 8,411,249 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other general and administrative | 3,193,476.5 | 4,682,351 | 4,553,559 | 3,537,995 | 3,020,888 | 3,123,729 | 2,438,249 | 2,238,234 | 1,591,422 | 1,980,584 | 1,907,101 | 1,967,733 | 1,848,435 | 1,695,064 | 1,827,074 | 1,654,490 | 1,559,145 | 1,505,024 | 1,788,355 | 1,500,727 | 1,785,763 | 1,667,745 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income and net realized gains/(losses) from the sale of available-for-sale securities | 2,319,346.5 | 2,760,053 | 2,643,710 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income and net realized gains/losses from the sale of available-for-sale securities | 3,873,623 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding | 86,184,390 | 86,020,770 | 85,927,896 | 80,193,623 | 73,493,993 | 73,449,444 | 73,173,913 | 73,054,440 | 72,922,796 | 60,958,387 | 60,368,062 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of product and service revenues | 619,759.5 | 796,057 | 975,316 | 707,665 | 971,750 | 1,239,102 | 1,753,054 | 894,844 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 2,178,261 | 3,606,186 | 3,340,875 | 1,765,983 | 3,614,958 | 3,142,867 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.