Northern Power Systems Corp. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Northern Power Systems Corp. announced consolidated earnings results for the first quarter ended March 31, 2018. Revenue for the first quarter of fiscal year 2018 was $1.6 million, a 75% decrease over revenue of $6.2 million reported in the prior year period. GAAP net loss for the first quarter of fiscal year 2018 was $1.8 million compared to a $1.2 million loss in the prior year period. Non-GAAP adjusted EBITDA loss for the first quarter was $1.6 million, compared to a non-GAAP adjusted EBITDA loss of $1.0 million for the prior year.