PLUGPlug Power Inc.

$3B

Q4 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$222M+0.6% YoY

Gross Profit

-$192M-86.3% margin

Operating Income

-$626M-281.7% margin

Net Income

-$642M-289.2% margin

EPS (Diluted)

$-1.06

QoQ Revenue Growth

+11.8%

Cash Flow

Operating Cash Flow

-$243M

Free Cash Flow

-$429M

Stock-Based Comp.

$34M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$2.0B

Stockholders' Equity

$2.9B

Cash & Equivalents

$135M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$222M	$221M	+0.6%
Gross Profit	-$192M	-$63M	-206.7%
Operating Income	-$626M	-$234M	-167.8%
Net Income	-$642M	-$223M	-187.5%

Revenue Segments

Sale Of Cryogenic Equipment

$70M32%

Sales Of Fuel Cell Systems

$42M19%

Sale Of Hydrogen Infrastructure

$38M17%

Power Purchase Agreements

$20M9%

Fuel Delivered To Customers And Related Equipment

$19M8%

Services Performed On Fuel Cell Systems And Related Infrastructure

$12M5%

Sale Of Electrolyzers

$9M4%

Sale Of Engineered Equipment

$9M4%

Other Product And Services

$4M2%

Geographic Segments

North America

$197M88%

Europe

$26M12%

Asia

$2M1%