Plug Power backs FY17 revenue view of $130M, consensus $138.6M
Reconfirm FY17 guidance, including GAAP gross revenue of $130M, adjusted gross margins excluding the impact of non-cash Amazon and Walmart warrant charges within the range of 8% - 12% and free cash flow use of $25M-$35M. Plug stated: "We are reiterating our full-year 2017 guidance. The third quarter will be a benchmark quarter, as we continue to grow the top line, expand our cost reduction programs and drive new customers for continued growth, leading to sustainable positive cash flow in the second half of 2018 and beyond. Further, our execution during the first half of the year has paved the way for a positive impact on our liquidity position going forward as we realize the cash from site and system deployments."