Plug Power Inc (PLUG): What ever happened to the $75M sales fig...

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canadajim

Re: uksausage post# 18399

Friday, 02/20/2015 11:13:59 AM

Friday, February 20, 2015 11:13:59 AM

What ever happened to the $75M sales figure that Andy was throwing around with wreckless abandon at the time of the Q2 and Q3 reports?

So far the reported sales for 2014 are a total of just $43M. I suspect that the revenue that was expected to be reported in Q3 actually will get posted in Q4. Assuming a good chunk of Q4 revenue doesn't get shuffled into 2015 by the same accounting issue, then a $30-$35M quarter may be reported. If so Q4 revenues would be approximately 4X 2013 figures, and annual revenue would be just shy of 3X last year. If that happens to result in a positive EPS to combine with a sprinkle of name dropping...

(Ah but for Andy's consistent inconsistency!)

If I were the new CFO I would put a priority on getting my first reporting win under my belt and strike while the iron is hot, 'cause who knows what next quarter will bring?