| Unaudited Quarterly Financial Data |
18. Unaudited Quarterly Financial Data (in thousands, except per share data)
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Quarters ended
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March 31,
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June 30,
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September 30,
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December 31,
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2016
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2016
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2016
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2016
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Revenue:
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Sales of fuel cell systems and related infrastructure
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$
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5,218
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$
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9,121
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$
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5,653
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$
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19,993
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Services performed on fuel cell systems and related infrastructure
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5,273
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5,360
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4,763
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5,060
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Power Purchase Agreements
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2,706
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3,062
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3,858
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4,061
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Fuel delivered to customers
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2,010
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2,638
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2,909
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3,359
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Other
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125
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278
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376
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105
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Gross profit (1)
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170
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384
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381
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3,011
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Operating expenses
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13,120
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13,760
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13,637
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14,948
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Operating loss
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(12,950)
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(13,376)
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(13,256)
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(11,937)
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Net loss attributable to common shareholders
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(11,780)
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(13,154)
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(13,420)
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(19,237)
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Loss per share:
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Basic and Diluted
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$
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(0.07)
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$
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(0.07)
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$
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(0.07)
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$
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(0.11)
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Quarters ended
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March 31,
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June 30,
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September 30,
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December 31,
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2015
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2015
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2015
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2015
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Revenue:
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Sales of fuel cell systems and related infrastructure
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$
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5,090
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$
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18,663
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$
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24,777
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$
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29,472
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Services performed on fuel cell systems and related infrastructure
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2,645
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2,883
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3,555
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4,929
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Power Purchase Agreements
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977
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1,077
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1,546
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2,118
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Fuel delivered to customers
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659
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1,128
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1,544
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1,744
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Other
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45
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258
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10
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168
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Gross (loss) profit (1)
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(2,111)
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1,562
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76
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(9,417)
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Operating expenses
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10,650
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11,427
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12,332
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14,703
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Operating loss
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(12,761)
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(9,865)
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(12,256)
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(24,120)
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Net loss attributable to common shareholders
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(11,077)
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(9,253)
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(10,238)
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(25,227)
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Loss per share:
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Basic and Diluted
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$
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(0.06)
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$
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(0.05)
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$
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(0.06)
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$
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(0.14)
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(1)
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Gross profit in the second quarter of 2016 and the fourth quarter of 2015 includes the impact of a ($1.1 million) and $10.1 million provision for loss contracts related to service recorded by the Company, respectively, as discussed in Note 11, Warranty Reserve and Accrual for Loss Contracts Related to Service. |
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