Plug Power Inc (PLUG)

[uksausage]

Why do they keep changing the format of their PRs around results.
will have to wait for the actual 10Q to find out what has really happened.

In Q1 last year they had the following profile:

 
                        rev         cost 
 Sales of system        5,218      3,898 
 Services               5,273      5,783 
 PPA                    2,706      2,281 
 Fuel                   2,010      2,411 
 Other                    125        189 
  
 TOTAL                 15,332     15,162 
 Gross margin             170  
 

This year I'm not sure we have any number in the press release to match up with.
Where do they get a gross margin of -$4,500?
The services should be a higher as should the PPS and fuel Sales of systems as since Q1 16 they have a lot more systems under service PPA and using fuel.

Even is sales of systems is less than a million (which it may be - c40 gendrives) using Q4 numbers we had 12.5m from services PPA and fuel with a loss of only $3.5m (was offset by a profit from GenDrive sales of $6.6m)

So are they saying they lost a million more on Services PPA and Fuel all of which should have been getting closer to break even

going to be nasty at the open - but then the CC will set everyone straight. Ideal time to buy some short term calls IMHO