Plug Power reports FY2023 revenue of $891M (+27% YoY); EPS loss $2.30; impairment ~$325M

PLUG POWER INC

Record annual revenue $891.3M, up 27% YoY; Q4 revenue not separately stated.
FY2023 EPS loss $2.30 vs. $1.25 prior year; includes ~$325M non-cash impairment charges.
Going concern doubt resolved; company has sufficient cash and liquidity for foreseeable future.
Georgia hydrogen plant commissioned with largest PEM electrolyzer in US; expanded material handling with Walmart, Amazon, Home Depot, Tyson, Sam's Club, STEF.
Closed a 100MW electrolyzer deal with GALP and nearly 1GW in BEDP projects during 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PLUG POWER INC reported the quarter and fiscal year ended December 31, 2023 results: revenue $891 million, EPS $2.30.

Period: the quarter and fiscal year ended December 31, 2023
Revenue: $891 million
EPS: $2.30
Result: reported results

Exact text from the filing

cash on hand coupled with available liquidity to fund its ongoing operations for the foreseeable future. · Record Revenue Achievement: The Company achieved revenue of $891 million for the year ended December 31, 2023, which is a record and reflects a 27% growth over the prior year. This revenue growth stems from the successful execution of our business

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Source: SEC EDGAR

accession 0001104659-24-029615

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