Plug Power was founded in 1997 and is headquartered in Latham, US

Plug Power has offices in Latham and Spokane Valley

Latham, US (HQ)

968 Albany Shaker Rd

Spokane Valley, US

15913 E Euclid Ave

Plug Power's revenue was reported to be $15.2 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 15.2 m |

## Gross profit (Q1, 2017) | (4.5 m) |

## Gross profit margin (Q1, 2017), % | (29%) |

## Net income (Q1, 2017) | (24.1 m) |

## EBIT (Q1, 2017) | (19.6 m) |

## Market capitalization (18-Aug-2017) | 467.1 m |

## Cash (31-Mar-2017) | 11.8 m |

Plug Power's current market capitalization is $467.1 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 26.6 m | 64.2 m | 103.3 m | 85.9 m |

## Revenue growth, % | 141% | 61% | (17%) | |

## Cost of goods sold | 113.2 m | 82 m | ||

## Gross profit | (9.9 m) | 3.9 m | ||

## Gross profit Margin, % | (10%) | 5% | ||

## Operating expense total | 49.1 m | 55.5 m | ||

## EBIT | (29 m) | (37.9 m) | (59 m) | (51.5 m) |

## EBIT margin, % | (109%) | (59%) | (57%) | (60%) |

## Pre tax profit | (63.1 m) | (88.8 m) | (55.7 m) | (57.9 m) |

## Income tax expense | 410.3 k | 324.7 k | 325 k | 392 k |

## Net Income | (62.8 m) | (88.5 m) | (55.7 m) | (57.6 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 17.3 m | 19.9 m | 9.4 m | 24 m | 31.4 m | 15.3 m | 20.5 m | 17.6 m | 15.2 m |

## Cost of goods sold | 15.2 m | 20.1 m | 17.2 m | 19.7 m | |||||

## Gross profit | 170 k | 384 k | 381 k | (4.5 m) | |||||

## Gross profit Margin, % | 1% | 2% | 2% | (29%) | |||||

## R&D expense | 4.8 m | 5.2 m | 5 m | 6 m | |||||

## General and administrative expense | 4.8 m | 5 m | 7.1 m | 8 m | 8.2 m | 8.3 m | 8.6 m | 8.6 m | 9.1 m |

## Operating expense total | 4.8 m | 5 m | 7.1 m | 8 m | 8.2 m | 13.1 m | 13.8 m | 13.6 m | 15.1 m |

## EBIT | (6.6 m) | (10.7 m) | (12.8 m) | (9.9 m) | (12.3 m) | (13 m) | (13.4 m) | (13.3 m) | (19.6 m) |

## EBIT margin, % | (38%) | (54%) | (136%) | (41%) | (39%) | (84%) | (65%) | (75%) | (129%) |

## Pre tax profit | (9.7 m) | (10.2 m) | (12.1 m) | (13.1 m) | (13.4 m) | (24 m) | |||

## Income tax expense | 324.7 k | 325 k | 392 k | 392 k | 392 k | 392 k | |||

## Net Income | (9.4 m) | (11.1 m) | (10.2 m) | (11.8 m) | (13.2 m) | (13.4 m) | (24.1 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 5 m | 146.2 m | 64 m | 46 m |

## Accounts Receivable | 6.4 m | 16.1 m | 22.7 m | 11.9 m |

## Inventories | 1.9 m | 5.7 m | 7.9 m | 29.9 m |

## Current Assets | 23.7 m | 192.7 m | 131.2 m | 110.9 m |

## PP&E | 5.3 m | 5.3 m | ||

## Goodwill | 8.5 m | 8.3 m | ||

## Total Assets | 35.4 m | 205.9 m | 209.5 m | 240.8 m |

## Accounts Payable | 3.1 m | 10.2 m | 20.5 m | 32.1 m |

## Total Debt | 23.8 m | |||

## Current Liabilities | 12.6 m | 25.7 m | 42.7 m | 66.5 m |

## Total Liabilities | 146.1 m | |||

## Additional Paid-in Capital | 831.2 m | 1.1 b | 1.1 b | 1.1 b |

## Retained Earnings | (849.4 m) | (938.1 m) | (993.9 m) | (1.1 b) |

## Total Equity | 158.3 m | 124.7 m | 85.1 m | |

## Debt to Equity Ratio | 0.3 x | |||

## Debt to Assets Ratio | 0.1 x | |||

## Financial Leverage | 1.3 x | 1.7 x | 2.8 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 168.6 m | 156.5 m | 131.5 m | 109.1 m | 85 m | 11.8 m | |||

## Accounts Receivable | 16.5 m | 15 m | 7.8 m | 12.5 m | 18.5 m | 10.7 m | 12.7 m | 12 m | 6.9 m |

## Inventories | 19.8 m | 21.9 m | 32.1 m | 32.9 m | 31.5 m | 39.2 m | 34.9 m | 35.8 m | 33.7 m |

## Current Assets | 209.9 m | 199.5 m | 177.8 m | 160.5 m | 143.6 m | 130.5 m | 127.5 m | 106.9 m | 77.6 m |

## PP&E | 5.3 m | 5.6 m | 5.2 m | ||||||

## Goodwill | 399 k | 8.8 m | 8.8 m | 8.8 m | 8.4 m | ||||

## Total Assets | 221.1 m | 211.8 m | 189.3 m | 183 m | 204.6 m | 222.2 m | 233.4 m | 224 m | 210.7 m |

## Accounts Payable | 9.3 m | 7.9 m | 8.6 m | 12.2 m | 18.2 m | 23 m | 30.6 m | 28.6 m | 27 m |

## Current Liabilities | 19.5 m | 21.9 m | 22.1 m | 24.7 m | 33.6 m | 67.7 m | 49.7 m | 56.4 m | 67.1 m |

## Additional Paid-in Capital | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b |

## Retained Earnings | (921.5 m) | (930.9 m) | (949.2 m) | (958.4 m) | (968.6 m) | (1 b) | (1 b) | (1 b) | (1.1 b) |

## Total Equity | 170.9 m | 163.8 m | 149.1 m | 141.6 m | 148.6 m | 116 m | 104.8 m | 93.6 m | 60.7 m |

## Financial Leverage | 1.3 x | 1.3 x | 1.3 x | 1.3 x | 1.4 x | 1.9 x | 2.2 x | 2.4 x | 3.5 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (62.8 m) | (88.6 m) | (55.8 m) | (57.6 m) |

## Depreciation and Amortization | 2.3 m | 2.4 m | ||

## Accounts Receivable | (2.4 m) | (9.3 m) | (5.6 m) | 10.7 m |

## Inventories | 137.6 k | (9.2 m) | (7.3 m) | 2.8 m |

## Cash From Operating Activities | (26.9 m) | (40.8 m) | (47.3 m) | (29.6 m) |

## Cash From Investing Activities | 3.2 m | (965.3 k) | (2 m) | (58.1 m) |

## Long-term Borrowings | (25 m) | |||

## Cash From Financing Activities | 19.4 m | 182.9 m | (32.9 m) | 69.9 m |

## Interest Paid | 553 k | 8.3 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (9.4 m) | (11.1 m) | (10.2 m) | (11.8 m) | (13.2 m) | (13.4 m) | (24.1 m) | ||

## Depreciation and Amortization | 608.4 k | 608.4 k | (608.4 k) | ||||||

## Accounts Receivable | 16.5 m | 15 m | 8.3 m | 3.6 m | (1.5 m) | 12 m | 10 m | 10.6 m | 5 m |

## Inventories | 19.8 m | 21.9 m | (7.4 m) | (8.2 m) | (6.3 m) | (6.4 m) | (2.2 m) | (3 m) | (3.8 m) |

## Accounts Payable | 9.3 m | 7.9 m | |||||||

## Cash From Operating Activities | (13.6 m) | (24.3 m) | (37.3 m) | (6.9 m) | (15.8 m) | (29.7 m) | (23.9 m) | ||

## Cash From Investing Activities | (229.5 k) | (1.4 m) | (1.1 m) | (13.6 m) | (28.8 m) | (45.1 m) | (9.6 m) | ||

## Cash From Financing Activities | (793.6 k) | (11.4 m) | (22.9 m) | 23.4 m | 46.6 m | 53.4 m | (786 k) | ||

## Interest Paid | 90.6 k | 176 k | 303 k | 232 k | 1.3 m | 1.6 m | 1.9 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 32.9 k |

## Financial Leverage | 3.5 x |

April 18, 2017

Amazon is fueling up on hydrogen. The online retailer agreed to buy $70 million of fuel-cell forklifts from manufacturer Plug Power this year and, if…