Hydrogenics Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Revenue Guidance for the Fiscal Year 2019
Hydrogenics Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported revenues of $8,084,000 against $8,147,000 for the same period a year ago. Loss from operations was $2,041,000 against $1,679,000 for the same period a year ago. Net loss was $2,647,000 against $1,954,000 for the same period a year ago. Basic and diluted net loss was $0.15 against $0.13 for the same period a year ago.
For the year, the company announced that of the current backlog of $150.0 million, the company expects to recognize approximately $57.6 million as revenue in the following twelve months, not including orders both received and delivered after March 31, 2019.