Friday, June 15, 2018 3:23:03 PM
do you understand corporate financing and accounts? the accumulated deficit is an interesting number and can be used to compare two similar companies to say how much they achieved spending (losing) x amount but it isn't debt that has to be repaid - that is listed elsewhere.
Any business that takes research and development to market will have accumulated a lot of "deficit" every year while developing their solution. before they even sell a single device.
PLUG haven't stopped developing and researching (as their recent acquisition shows) and this is why they have yet to turn a profit - each quarter they invest $8m or so in R&D alongside another $8m in sales and marketing (on what I have no idea!)
Their business strategy has been setout for at least 3 years now and it is easy to extrapolate the numbers to see it will take a revenue of c $60m a quarter to get enough gross margin to cover these corporate overheads.
That happens in Q3 this year - the revenue number is almost guaranteed.
The R&D they are doing at the moment may deliver a huge impact on margins (cost per kwh 25% of current cost per kwh.), add in automation of the manufacturing process and you get even more savings
It also is entering two new markets - GSE in which they are the only player and tethered delivery vehicles where a few players are trying to get into the vast marketplace.
That's why R&D is consistent at $8-9m a quarter
thats why they will grow to be $500m a year by 2021
Recent PLUG News
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 01:00:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 12:10:31 PM
- Plug Highlights Year of Strategic Growth and Advancements in Accelerating the Green Hydrogen Economy • GlobeNewswire Inc. • 03/01/2024 12:00:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 09:02:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 10:30:04 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/23/2024 10:29:30 PM
- Plug and Uline Expand Partnership to Supply Hydrogen and Fuel Cells at Four Additional Sites • GlobeNewswire Inc. • 02/23/2024 12:00:00 PM
- Plug Finalizes Contract to Support A Major U.S. Automobile Manufacturer’s Material Handling Operations • GlobeNewswire Inc. • 02/21/2024 12:00:00 PM
- Plug to Announce 2023 Fourth Quarter and Year-End Results • GlobeNewswire Inc. • 02/21/2024 12:00:00 PM
- Plug Announces Strategic Expense Reduction Plan to Save More Than $75 Million Annually • GlobeNewswire Inc. • 02/14/2024 12:00:00 PM
- Plug Cryogenic Trailers Leave Tennessee Hydrogen Production Plant for Customer Deliveries • GlobeNewswire Inc. • 02/08/2024 12:00:00 PM
- Industrial Stock Finds Success Despite Analyst Downgrade • AllPennyStocks.com • 02/06/2024 08:40:00 PM
- Plug Power Starts Production of Liquid Hydrogen at its Existing Tennessee Plant • GlobeNewswire Inc. • 02/06/2024 12:00:00 PM
- Plug Signs BEDP Contract for a 500MW Electrolyzer in Europe • GlobeNewswire Inc. • 02/02/2024 12:00:00 PM
- Plug Power Completes First Customer Fill of Liquid Green Hydrogen at its Georgia Plant • GlobeNewswire Inc. • 02/01/2024 12:00:00 PM
- Wall Street Highlights: eBay Slashes 9% of Workforce, SAP to Reduce 8,000 Positions, and More • IH Market News • 01/24/2024 11:06:14 AM
- Plug Power Starts Production of Liquid Green Hydrogen at its Georgia Plant • GlobeNewswire Inc. • 01/23/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/19/2024 01:55:07 PM
- Wall Street Highlights: Sheryl Sandberg Leaves Meta Board, Intel’s EU Dispute Developments, and More • IH Market News • 01/18/2024 11:04:10 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 09:11:06 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/17/2024 09:08:41 PM
- Plug Power to Provide Annual Business Update on January 23, 2024 • GlobeNewswire Inc. • 01/16/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:04:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:03:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:03:28 PM
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