PLUGPlug Power Inc.

$3B

Q3 2024 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$174M-12.6% YoY

Gross Profit

-$100M-57.6% margin

Operating Income

-$216M-124.4% margin

Net Income

-$211M-121.5% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

+21.2%

Cash Flow

Operating Cash Flow

-$175M

Free Cash Flow

-$265M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$1.7B

Stockholders' Equity

$3.0B

Cash & Equivalents

$94M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$174M	$199M	-12.6%
Gross Profit	-$100M	-$138M	+27.5%
Operating Income	-$216M	-$274M	+21.1%
Net Income	-$211M	-$283M	+25.5%

Revenue Segments

Sale Of Electrolyzers

$58M33%

Fuel Delivered To Customers And Related Equipment

$30M17%

Sale Of Cryogenic Equipment

$22M13%

Power Purchase Agreements

$20M12%

Services Performed On Fuel Cell Systems And Related Infrastructure

$14M8%

Sale Of Hydrogen Infrastructure

$12M7%

Sales Of Fuel Cell Systems

$8M5%

Sale Of Engineered Equipment

$7M4%

Other Product And Services

$2M1%

Geographic Segments

North America

$108M63%

Europe

$51M30%

Asia

$11M7%