PLUGPlug Power Inc.

$3B

Q1 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$210M+49.3% YoY

Gross Profit

-$69M-33.0% margin

Operating Income

-$210M-99.8% margin

Net Income

-$207M-98.2% margin

EPS (Diluted)

$-0.35

QoQ Revenue Growth

-4.7%

Cash Flow

Operating Cash Flow

-$277M

Free Cash Flow

-$457M

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$1.7B

Stockholders' Equity

$3.9B

Cash & Equivalents

$475M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$210M	$141M	+49.3%
Gross Profit	-$69M	-$35M	-96.3%
Operating Income	-$210M	-$139M	-50.8%
Net Income	-$207M	-$156M	-32.0%

Revenue Segments

Sale Of Cryogenic Equipment

$57M27%

Sale Of Hydrogen Infrastructure

$49M23%

Sale Of Electrolyzers

$40M19%

Sales Of Fuel Cell Systems

$29M14%

Fuel Delivered To Customers And Related Equipment

$10M5%

Services Performed On Fuel Cell Systems And Related Infrastructure

$9M4%

Power Purchase Agreements

$8M4%

Sale Of Engineered Equipment

$8M4%

Other Product And Services

$1M0%

Geographic Segments

North America

$162M77%

Europe

$40M19%

Other.

$5M2%

Asia

$3M2%