First quarter losses seen at Plug Power

摘要

Plug Power, a leader in providing clean and reliable energy solutions, reported wider-than-expected losses in its first quarter 2014 results. Total revenue for first quarter 2014 was $5.6m, comprised of $3.2m for product revenue, $2.1m for service revenue and $0.3m for research and development (R&D) contract revenue. This compares to total revenue of $6.4m in first quarter 2013, however, which was comprised of $4.7m for product revenue, $1.3m for service revenue and $0.4m for R&D contract revenue.