Hydrogenics Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 02, 2018 at 04:00 pm IST
Hydrogenics Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net loss for the period of $4,801,000 compared to $5,462,000 for the same period a year ago. Basic and diluted loss per share was $0.31 compared to $0.43 for the same period a year ago. Revenues were $7,609,000 compared to $7,556,000 for the same period a year ago. Loss from operations was $2,803,000 compared to $4,295,000 for the same period a year ago. Loss before income taxes was $4,801,000 compared to $5,462,000 for the same period a year ago. Adjusted LBITDA was $2,447,000 compared to $3,446,000 for the same period a year ago. Cash used in operating activities was $4,468,000 compared to $2,528,000 for the same period a year ago. Purchase of intangible assets was $1,000 against $1,000 a year ago. Purchase of property, plant and equipment was $101,000 compared to $519,000 for the same period a year ago.
For the six months, the company reported net loss for the period of $6,755,000 compared to $7,760,000 for the same period a year ago. Basic and diluted loss per share was $0.44 compared to $0.62 for the same period a year ago. Revenues were c 15,756,000 compared to $16,291,000 for the same period a year ago. Loss from operations was $4,482,000 compared to $5,653,000 for the same period a year ago. Loss before income taxes was $6,455,000 compared to $7,760,000 for the same period a year ago. Cash used in operating activities was $5,599,000 compared to $2,859,000 for the same period a year ago. Purchase of property, plant and equipment was $335,000 compared to $2,075,000 for the same period a year ago. Purchase of intangible assets was $1,000 against $1,000 a year ago. Adjusted LBITDA was $4,053,000 compared to $4,188,000 for the same period a year ago.