Northern Power Systems Corp. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 17, 2018 at 02:50 am IST
Northern Power Systems Corp. announced consolidated earnings results for the second quarter and six months ended June 30, 2018. Revenue for the second quarter of fiscal year 2018 was at $2.2 million, compared to $17.8 million reported in the prior year period. GAAP net loss for the second quarter of fiscal year 2018 was $1.0 million compared to GAAP net income of $0.9 million in the prior year second quarter. Non-GAAP adjusted EBITDA loss for the second quarter was $0.8 million, compared to non-GAAP adjusted EBITDA income of $1.1 million for the prior year second quarter.
Revenues for the six months ended June 30, 2018 were $3.8 million as compared to $24.0 million in the prior year period. GAAP net loss for the six months ended June 30, 2018 was $2.8 million as compared to a $0.3 million loss in the prior year period.