Northern Power Systems Corp.
CIK:0001605997|SEC Filings
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| REVENUES: | ||||
| Revenues | $ 2,198 | $ 17,764 | $ 3,758 | $ 23,967 |
| Gross margin | 367 | 3,604 | 731 | 4,359 |
| OPERATING EXPENSES: | ||||
| Sales and marketing | 490 | 686 | 1,121 | 1,322 |
| Research and development | 284 | 506 | 627 | 1,134 |
| General and administrative | 748 | 1,254 | 1,701 | 2,387 |
| Gain on sale of assets | (150) | (375) | ||
| Total operating expenses | 1,522 | 2,296 | 3,449 | 4,468 |
| (Loss) income from operations | (1,155) | 1,308 | (2,718) | (109) |
| Interest expense | (29) | (13) | (56) | (26) |
| Other (expense) income | 193 | (404) | (12) | (148) |
| (Loss) income before provision for income taxes | (991) | 891 | (2,786) | (283) |
| Provision for income taxes | 20 | 18 | 35 | 34 |
| NET (LOSS) INCOME | (1,011) | 873 | (2,821) | (317) |
| Other comprehensive (loss) income | ||||
| Change in cumulative translation adjustment | (30) | 40 | (16) | 51 |
| COMPREHENSIVE (LOSS) INCOME | (1,041) | 913 | (2,837) | (266) |
| Net (loss) income applicable to common shareholders (Note3) | $ (1,011) | $ 873 | $ (2,821) | $ (317) |
| Net (loss) income per common share | ||||
| Basic and diluted (in dollars per share) | $ (0.04) | $ 0.04 | $ (0.12) | $ (0.01) |
| Weighted average shares used in calculating: | ||||
| Basic earnings per share (in shares) | 23,853,884 | 23,661,884 | 23,853,884 | 23,637,752 |
| Diluted earnings per share (in shares) | 23,853,884 | 23,675,321 | 23,853,884 | 23,637,752 |
| Product [Member] | ||||
| REVENUES: | ||||
| Revenues | $ 1,307 | $ 16,014 | $ 1,978 | $ 21,209 |
| Cost of revenues | 1,255 | 13,120 | 1,957 | 17,798 |
| Service [Member] | ||||
| REVENUES: | ||||
| Revenues | 891 | 1,750 | 1,780 | 2,758 |
| Cost of revenues | $ 576 | $ 1,040 | $ 1,070 | $ 1,810 |