See more : Alue Co.,Ltd. (7043.T) Income Statement Analysis – Financial Results
Complete financial analysis of Plug Power Inc. (PLUG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Plug Power Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Plug Power Inc. (PLUG)
About Plug Power Inc.
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 891.34M | 701.44M | 502.34M | -100.47M | 230.24M | 174.63M | 132.93M | 85.93M | 103.29M | 64.23M | 26.60M | 26.11M | 27.63M | 19.47M | 12.29M | 17.90M | 16.27M | 7.84M | 13.49M | 16.14M | 12.50M | 11.82M | 5.74M | 8.38M | 11.00M | 6.50M |
| Cost of Revenue | 1.40B | 895.80M | 673.65M | 423.34M | 202.27M | 172.01M | 131.35M | 81.98M | 113.18M | 69.09M | 37.85M | 40.46M | 36.90M | 29.48M | 19.68M | 32.95M | 28.44M | 12.47M | 16.17M | 18.84M | 14.16M | 11.34M | 11.29M | 7.22M | 14.05M | 8.30M |
| Gross Profit | -507.79M | -194.36M | -171.31M | -523.81M | 27.97M | 2.62M | 1.58M | 3.95M | -9.89M | -4.86M | -11.25M | -14.35M | -9.28M | -10.01M | -7.39M | -15.05M | -12.17M | -4.63M | -2.69M | -2.70M | -1.66M | 477.52K | -5.55M | 1.16M | -3.05M | -1.80M |
| Gross Profit Ratio | -56.97% | -27.71% | -34.10% | 521.37% | 12.15% | 1.50% | 1.19% | 4.59% | -9.58% | -7.57% | -42.28% | -54.98% | -33.57% | -51.40% | -60.10% | -84.05% | -74.82% | -59.14% | -19.92% | -16.73% | -13.26% | 4.04% | -96.65% | 13.82% | -27.69% | -27.69% |
| Research & Development | 113.75M | 99.58M | 64.76M | 51.02M | 33.68M | 33.91M | 28.69M | 21.18M | 14.95M | 6.47M | 3.12M | 5.43M | 5.66M | 12.90M | 16.32M | 34.99M | 39.22M | 41.58M | 36.32M | 35.20M | 40.07M | 40.29M | 60.60M | 70.89M | 20.51M | 4.60M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 45.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.97M | 8.42M | 7.18M | 7.18M | 6.96M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.29M | 550.01K | 1.24M | -88.00 | -116.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 422.47M | 363.93M | 179.85M | 75.90M | 44.33M | 38.20M | 45.01M | 34.29M | 34.16M | 21.81M | 12.33M | 14.58M | 14.55M | 25.57M | 15.43M | 28.33M | 19.32M | 12.27M | 8.97M | 8.42M | 7.18M | 6.96M | 7.49M | 16.17M | 9.93M | 2.80M |
| Other Expenses | 299.52M | -1.14M | -606.00K | -739.00K | 79.00K | 4.29M | -15.19M | 4.34M | 3.66M | -52.26M | -37.10M | 4.85M | 2.32M | 2.26M | 2.13M | 48.07M | 1.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 259.96K | 5.84M | 1.45M | 600.00K |
| Operating Expenses | 835.73M | 463.51M | 244.61M | 126.92M | 78.01M | 72.11M | 103.37M | 55.47M | 49.11M | 33.07M | 17.72M | 22.32M | 22.53M | 40.74M | 33.88M | 111.39M | 60.16M | 53.85M | 45.29M | 43.63M | 47.25M | 47.25M | 68.35M | 92.89M | 31.89M | 8.00M |
| Cost & Expenses | 1.94B | 1.36B | 918.27M | 449.80M | 280.28M | 244.12M | 234.72M | 137.45M | 162.29M | 102.16M | 55.57M | 62.78M | 59.43M | 70.22M | 53.56M | 144.34M | 88.60M | 66.31M | 61.47M | 62.47M | 61.41M | 58.59M | 79.64M | 100.11M | 45.93M | 16.30M |
| Interest Income | 55.83M | 37.26M | 4.04M | 739.00K | 35.53M | 0.00 | 0.00 | 0.00 | 157.00K | 752.00K | 150.00K | 226.00K | 248.00K | 1.06M | 1.69M | 5.13M | 12.34M | 8.34M | 2.17M | 1.45M | 833.01K | 1.66M | 4.07M | 8.18M | 0.00 | 100.00K |
| Interest Expense | 45.20M | 39.04M | 43.23M | 60.48M | 35.50M | 22.14M | 10.10M | 10.70M | 390.00K | 387.00K | 398.00K | 262.00K | 305.00K | 305.00K | 1.13M | 400.66K | 580.00K | 170.84K | 145.58K | 60.97K | 61.57K | 96.64K | 259.96K | 363.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 71.08M | 51.60M | 23.37M | 15.57M | 12.64M | 11.71M | 9.78M | 5.24M | 2.99M | 4.34M | 4.18M | 4.38M | 4.46M | 7.23M | 5.77M | 6.62M | 5.46M | 3.22M | 4.05M | 6.76M | 6.47M | 8.23M | 7.91M | 5.84M | 1.45M | 600.00K |
| EBITDA | -1.26B | -632.54M | -409.57M | -550.95M | -35.42M | -59.63M | -107.20M | -41.94M | -52.35M | -84.09M | -58.50M | -27.22M | -22.98M | -39.24M | -33.81M | -73.97M | -54.53M | -46.92M | -41.77M | -37.92M | -42.44M | -38.53M | -65.99M | -85.90M | -33.58M | -9.16M |
| EBITDA Ratio | -141.35% | -84.16% | -78.60% | 549.12% | -16.22% | -33.08% | -69.22% | -53.86% | -54.08% | -51.13% | -92.61% | -122.83% | -111.46% | -218.03% | -302.57% | -413.20% | -410.97% | -705.22% | -325.76% | -245.15% | -315.47% | -326.05% | -1,149.42% | -997.48% | -290.98% | -141.54% |
| Operating Income | -1.34B | -679.55M | -437.32M | -550.26M | -50.04M | -69.48M | -101.79M | -51.52M | -59.00M | -37.93M | -28.97M | -36.67M | -31.13M | -47.53M | -41.27M | -126.43M | -72.33M | -58.48M | -47.98M | -46.33M | -51.91M | -46.77M | -73.90M | -91.73M | -34.93M | -9.80M |
| Operating Income Ratio | -150.73% | -96.88% | -87.06% | 547.70% | -21.73% | -39.79% | -76.58% | -59.96% | -57.12% | -59.06% | -108.89% | -140.46% | -112.67% | -244.08% | -335.74% | -706.28% | -444.53% | -746.31% | -355.76% | -287.01% | -415.21% | -395.73% | -1,287.14% | -1,094.90% | -317.56% | -150.77% |
| Total Other Income/Expenses | -32.67M | -43.62M | -38.84M | -42.80M | -36.13M | -17.85M | -25.29M | -6.36M | 3.31M | -50.88M | -34.12M | 4.81M | 3.67M | -3.80M | 562.22K | 4.73M | 11.76M | 8.17M | 2.02M | 1.39M | 51.91M | 46.77M | 73.90M | -2.33M | -1.47M | 9.76M |
| Income Before Tax | -1.38B | -723.17M | -476.16M | -592.48M | -85.47M | -87.33M | -127.08M | -57.88M | -55.69M | -88.81M | -63.08M | -31.86M | -27.45M | -46.96M | -40.71M | -121.70M | -60.57M | -50.31M | -51.74M | -46.74M | -53.04M | -47.22M | -73.11M | -86.24M | -33.47M | -9.60M |
| Income Before Tax Ratio | -154.40% | -103.10% | -94.79% | 589.71% | -37.12% | -50.01% | -95.60% | -67.36% | -53.92% | -138.27% | -237.13% | -122.04% | -99.38% | -241.15% | -331.16% | -679.84% | -372.27% | -642.05% | -383.67% | -289.56% | -424.24% | -399.54% | -1,273.39% | -1,029.36% | -304.26% | -147.69% |
| Income Tax Expense | -7.36M | 839.00K | -16.20M | -30.79M | 35.50M | -9.22M | -392.00K | -392.00K | 390.00K | -325.00K | -410.00K | 262.00K | -4.35M | 305.00K | 40.71M | 121.70M | 60.57M | 50.31M | 51.74M | 46.74M | 53.04M | 47.22M | 73.11M | 86.24M | 33.47M | 9.60M |
| Net Income | -1.37B | -724.01M | -459.97M | -561.68M | -120.97M | -78.12M | -127.08M | -57.49M | -55.69M | -88.49M | -62.67M | -31.86M | -27.45M | -46.96M | -40.71M | -121.70M | -60.57M | -50.31M | -51.74M | -46.74M | -53.04M | -47.22M | -73.11M | -86.24M | -33.47M | -9.60M |
| Net Income Ratio | -153.57% | -103.22% | -91.56% | 559.06% | -52.54% | -44.73% | -95.60% | -66.90% | -53.92% | -137.77% | -235.59% | -122.04% | -99.38% | -241.15% | -331.16% | -679.84% | -372.27% | -642.05% | -383.67% | -289.56% | -424.24% | -399.54% | -1,273.39% | -1,029.36% | -304.26% | -147.69% |
| EPS | -2.30 | -1.25 | -0.82 | -1.58 | -0.51 | -0.36 | -0.59 | -0.32 | -0.32 | -0.56 | -0.82 | -0.93 | -1.46 | -3.58 | -3.15 | -13.62 | -6.93 | -5.84 | -6.59 | -6.39 | -8.82 | -9.32 | -15.61 | -19.91 | -12.73 | -7.05 |
| EPS Diluted | -2.30 | -1.25 | -0.82 | -1.58 | -0.51 | -0.36 | -0.59 | -0.32 | -0.32 | -0.56 | -0.82 | -0.93 | -1.46 | -3.58 | -3.15 | -13.62 | -6.93 | -5.84 | -6.59 | -6.39 | -8.82 | -9.32 | -15.61 | -19.91 | -12.73 | -7.05 |
| Weighted Avg Shares Out | 595.47M | 579.72M | 558.18M | 354.79M | 237.15M | 218.88M | 216.34M | 180.62M | 176.07M | 159.23M | 76.44M | 34.38M | 18.78M | 13.12M | 12.91M | 8.94M | 8.73M | 8.61M | 7.85M | 7.31M | 6.01M | 5.06M | 4.68M | 4.33M | 2.63M | 1.36M |
| Weighted Avg Shares Out (Dil) | 595.47M | 579.72M | 558.18M | 354.79M | 237.15M | 218.88M | 216.34M | 180.62M | 176.07M | 159.23M | 76.44M | 34.38M | 18.78M | 13.12M | 12.91M | 8.94M | 8.73M | 8.61M | 7.85M | 7.31M | 6.01M | 5.06M | 4.68M | 4.33M | 2.63M | 1.36M |
Plug Power, Inc. (PLUG) Is a Trending Stock: Facts to Know Before Betting on It
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Energy Plug Technologies Corp. Begins Final Testing on its Utility and Commercial Battery Products Prior to Their Official Market Release in November
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Plug Power Inc. (PLUG) Presents at Wolfe Research Utilities, Midstream & Clean Energy Conference Transcript
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Better Buy: Plug Power vs. ChargePoint
Where Will Plug Power Be in 3 Years?
Should You Avoid This Alternative Energy Stock?
Plug to Participate in the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024
Source: https://incomestatements.info
Category: Stock Reports