XML 111 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Unaudited Quarterly Financial Data
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure  
Unaudited Quarterly Financial Data

19.  Unaudited Quarterly Financial Data (in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

 

 

2019

 

2019

 

2019

 

2019

 

Net revenue (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of fuel cell systems and related infrastructure

 

$

2,544

 

$

38,696

 

$

38,877

 

$

69,767

 

Services performed on fuel cell systems and related infrastructure

 

 

6,343

 

 

5,341

 

 

6,205

 

 

7,328

 

Power Purchase Agreements

 

 

6,110

 

 

6,409

 

 

6,595

 

 

6,739

 

Fuel delivered to customers

 

 

6,582

 

 

7,089

 

 

7,649

 

 

7,779

 

Other

 

 

 -

 

 

 -

 

 

135

 

 

51

 

Net revenue

 

 

21,579

 

 

57,535

 

 

59,461

 

 

91,664

 

Gross (loss) profit

 

 

(3,784)

 

 

10,619

 

 

8,349

 

 

12,782

 

Operating expenses

 

 

16,697

 

 

22,560

 

 

18,428

 

 

20,323

 

Operating loss

 

 

(20,481)

 

 

(11,941)

 

 

(10,079)

 

 

(7,541)

 

Net loss attributable to common stockholders

 

 

(31,004)

 

 

(18,070)

 

 

(18,155)

 

 

(18,288)

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

$

(0.14)

 

$

(0.07)

 

$

(0.08)

 

$

(0.07)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

 

 

2018

 

2018

 

2018

 

2018

 

Net revenue (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of fuel cell systems and related infrastructure

 

$

10,613

 

$

18,820

 

$

36,668

 

$

41,191

 

Services performed on fuel cell systems and related infrastructure

 

 

5,483

 

 

5,691

 

 

5,156

 

 

5,672

 

Power Purchase Agreements

 

 

5,372

 

 

5,438

 

 

5,555

 

 

6,504

 

Fuel delivered to customers

 

 

4,950

 

 

5,280

 

 

5,786

 

 

6,453

 

Net revenue

 

 

26,418

 

 

35,229

 

 

53,165

 

 

59,820

 

Gross loss

 

 

(3,984)

 

 

(2,310)

 

 

4,409

 

 

4,507

 

Operating expenses

 

 

16,957

 

 

20,668

 

 

17,054

 

 

17,426

 

Operating loss

 

 

(20,941)

 

 

(22,978)

 

 

(12,645)

 

 

(12,919)

 

Net loss attributable to common stockholders

 

 

(19,848)

 

 

(25,881)

 

 

(15,578)

 

 

(16,860)

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

$

(0.09)

 

$

(0.12)

 

$

(0.07)

 

$

(0.08)

 

 

(1)

The Company early-adopted Accounting Standards Update 2019-08, Compensation – Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606) (ASU 2019-08), as of January 1, 2019 resulting in changes to previously reported 2019 interim financial information. See Note 2, Summary of Significant Accounting Policies, for details.  Amounts related to 2018 were not impacted by the adoption of ASU 2019-08.