Northern Power Systems Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
For the six months, the company reported revenue was at $20.768 million, compared to $27.526 million reported in the prior year period. GAAP net loss was $7.431 million, compared to a $5.188 million loss in the prior year period. Non-GAAP adjusted EBITDA loss was $6.185 million, compared to a non-GAAP adjusted EBITDA loss of $3.716 million in the prior year period. Loss from operations was $6,454,000 against $4,989,000 a year ago. Loss before provision for income taxes was $6,663,000 against $5,159,000 a year ago. Net loss per common share - basic and diluted was $0.33 against $0.31 a year ago. Net cash used in operating activities was $5,432,000 against $9,004,000 a year ago. Purchases of property and equipment were $575,000 against $600,000 a year ago.