Plug Power, Inc. (PLUG) saw its loss widen to $24.06 million, or $0.13 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $11.78 million, or $0.07 a share.
Revenue during the quarter went down marginally by 0.63 percent to $15.24 million from $15.33 million in the previous year period. Gross margin for the quarter stood at negative 29.40 percent as compared to a positive 1.11 percent for the previous year period.
Operating loss for the quarter was $19.62 million, compared with an operating loss of $12.95 million in the previous year period.
For fiscal year 2017Plug Power forecasts revenue to be $130 million.
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