Plug Power Q4, 2012 Losses Deepen
Plug Power results for the company's fiscal Q4 and 2012 have been released. For the quarter, revenue sank by over 50% on a year-over-year basis, to $5.9 million, from the $11.9 million in the same period the previous year. Net loss deepened over that time, coming in at $8.5 million ($0.22 per basic and diluted share), from Q4 2011's shortfall of $7.2 million ($0.32).
For the full year, top line was $26.1 million, a drop of over $1.5 million from the 2011 figure of $27.6 million. As with the quarterly results, net loss deepened over that span. The 2012 deficit was $31.9 million ($0.93 per basic and diluted share) against the previous year's $27.5 million ($0.50).
The article Plug Power Q4, 2012 Losses Deepen originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Plug Power. The Motley Fool has no position in Plug Power. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.