PLUGPlug Power Inc.

$3B

Q2 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$260M+72.0% YoY

Gross Profit

-$78M-30.0% margin

Operating Income

-$234M-89.9% margin

Net Income

-$236M-90.9% margin

EPS (Diluted)

$-0.40

QoQ Revenue Growth

+23.7%

Cash Flow

Operating Cash Flow

-$348M

Free Cash Flow

-$507M

Stock-Based Comp.

$40M

Balance Sheet

Total Assets

$5.6B

Total Liabilities

$1.8B

Stockholders' Equity

$3.7B

Cash & Equivalents

$579M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$260M	$151M	+72.0%
Gross Profit	-$78M	-$32M	-140.7%
Operating Income	-$234M	-$147M	-59.2%
Net Income	-$236M	-$173M	-36.4%

Revenue Segments

Sales Of Fuel Cell Systems

$72M28%

Sale Of Cryogenic Equipment

$70M27%

Sale Of Hydrogen Infrastructure

$59M23%

Fuel Delivered To Customers And Related Equipment

$18M7%

Power Purchase Agreements

$16M6%

Sale Of Engineered Equipment

$9M3%

Services Performed On Fuel Cell Systems And Related Infrastructure

$9M3%

Sale Of Electrolyzers

$7M3%

Other Product And Services

$1M0%

Geographic Segments

North America

$236M91%

Europe

$12M5%

Other.

$7M3%

Asia

$6M2%