Plug Power Q2 revenue record $260.2M (+72% YoY); reaffirms FY23 guidance $1.2B–$1.4B

PLUG POWER INC

2023-Q2 EPS reported -$0.75 revenue$470,468,000

Q2 revenue $260.2M (+72% YoY); reaffirmed 2023 guidance $1.2B–$1.4B.
GAAP gross loss of 30% (improved sequentially); includes ~$45M scale-up costs.
Georgia green H2 plant reaching 15 TPD liquid capacity in Q3; expansion to 30 TPD underway.
Cryogenics/liquefier revenue $69.7M (from $18.2M); backlog exceeds $1B.
Exploring financing options: DOE Loan Program, strategic partners, corporate debt.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PLUG POWER INC reported 2023 results: revenue $1.2B - $1.4B. Guidance reaffirmed.

Period: 2023
Revenue: $1.2B - $1.4B
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Reaffirms revenue guidance of $1.2B - $1.4B for 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PLUG POWER INC reported second quarter ended June 30, 2023 results: revenue $260.2M. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $260.2M
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2323234d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Plug Reports Largest Quarterly Revenue in Company’s History of $260.2M, up 72% YoY Reaffirms revenue guidance of $1.2B - $1.4B for 2023. Record revenue reflects increasing traction with vertically integrated business model, strong growth in

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Source: SEC EDGAR

accession 0001104659-23-089288

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