10.11.2014 12:58:32

Hydrogenics Q3 Loss Widens - Quick Facts

(RTTNews) - Hydrogenics Corp. (HYGS, HYG.TO) Monday reported third-quarter net loss of $1.26 million or $0.13 per share, wider than $491 thousand or $0.05 per share in the prior year.

On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

The Mississauga, Canada-based manufacturer of hydrogen generation and hydrogen-based power modules said its quarterly revenues climbed 20% to $11.09 million from $9.24 million a year ago. Analysts estimated revenues of $13.12 million for the quarter.

Operating expenses advanced to $4.01 million from $3.38 million reported last year.

Hydrogenics noted that it secured $13.0 million for renewable energy storage, industrial gas, and power system applications during the quarter, resulting in an order backlog of $66.9 million as of September 30, 2014.

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