Replies to post #55545 on Plug Power Inc (PLUG)

[B_B!]

“Given our substantial level of indebtedness, it may be difficult for us to secure additional debt financing at an attractive cost, which may in turn impact our ability to expand or maintain our operations, develop our products, and remain competitive in the market,” it admitted, adding that there was also a risk that it would not be able to generate enough cash to repay its debts.
https://www.hydrogeninsight.com/power/us-hydrogen-firm-bloom-energy-posts-209m-loss-for-2023-with-nearly-4bn-deficit-accrued-to-date/2-1-1600018

[B_B!]

Nearly all of the firm’s revenue to date has come from sales of its fuel cell power generators, which can run on biomethane, natural gas, or hydrogen, while its solid-oxide electrolyser, which operates at a high-temperature in order to produce more hydrogen per kilowatt-hour of electricity input compared to other technologies, is still “in the early stages of commercialization”.

The California-based company also noted that much of its revenue hinged on anchor customers, with two clients accounting for 37% and 26% each of the $1.3bn it reported for 2023.

“The loss of any large customer order or any delays in installations of new products with any large customer would materially and adversely affect our business results,” it warned.
https://www.hydrogeninsight.com/power/us-hydrogen-firm-bloom-energy-posts-209m-loss-for-2023-with-nearly-4bn-deficit-accrued-to-date/2-1-1600018

[B_B!]

chief financial officer is set to resign

Is the CFO leaving in a hurry because he doesn't want to be responsible for the upcoming UNAUDITED Q1’24, Q2’24 and Q3’24 reports?
(Or the CFO and the CEO have different interpretations of the upcoming UNAUDITED quarterly reports.)