Plug Power Inc (PLUG)

[Shail]

2020 Strong Financial Performance
Results (millions except EPS)
Q1 2020
Q1 2019
Gross Billings Operating Income
$43.0
$22.8
$(20.5)
$(8.8) $(0.14)
(Loss) $(25.9)
Adjusted EBITDA GAAP EPS
$(6.1) $(0.12)
The Company achieved record gross billings of $43.0M in the first quarter of 2020, which reflects year-over-year growth of 89%. Operating income was $(25.9)M for Q1 2020. Adjusted EBITDA of $(6.1)M for Q1 2020 reflects a 30% improvement. The Company deployed over 1,000 fuel cell systems and had billings associated with 4 hydrogen infrastructure programs in the quarter.