PLUGPlug Power Inc.

$3B

Q1 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$120M-42.8% YoY

Gross Profit

-$143M-119.2% margin

Operating Income

-$259M-215.7% margin

Net Income

-$296M-245.9% margin

EPS (Diluted)

$-0.46

QoQ Revenue Growth

-45.9%

Cash Flow

Operating Cash Flow

-$168M

Free Cash Flow

-$266M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$1.9B

Stockholders' Equity

$2.9B

Cash & Equivalents

$173M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$120M	$210M	-42.8%
Gross Profit	-$143M	-$69M	-106.5%
Operating Income	-$259M	-$210M	-23.6%
Net Income	-$296M	-$207M	-43.2%

Revenue Segments

Sale Of Cryogenic Equipment

$31M26%

Sales Of Fuel Cell Systems

$19M16%

Power Purchase Agreements

$18M15%

Fuel Delivered To Customers And Related Equipment

$18M15%

Services Performed On Fuel Cell Systems And Related Infrastructure

$13M11%

Sale Of Hydrogen Infrastructure

$12M10%

Sale Of Engineered Equipment

$4M4%

Other Product And Services

$2M2%

Sale Of Electrolyzers

$1M1%

Geographic Segments

North America

$106M89%

Europe

$9M7%

Asia

$5M4%