Plug Power Inc Q4 Earnings Conference Call [TRANSCRIPT]

Plug Power Inc Q4 Earnings Conference Call [TRANSCRIPT]


Greetings, and welcome to the Plug Power Fourth Quarter 2015 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded.

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I would now like to turn the conference over to Teal Vivacqua, Director of Marketing for Plug Power. Thank you. You may begin.

Teal Vivacqua

Thank you, good morning, and welcome to the Plug Power fourth quarter 2015 earnings call. This call will include forward-looking statements, including but not limited to statements regarding 2016 objectives including those related to revenue, sales, bookings, gross margins, and GenKey and GenFuel installation. We intend these forward-looking statements to be covered by the Safe Harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934.

We believe that it is important to communicate our future expectations to investors. However, investors are cautioned not to unduly rely on forward-looking statements, because they involve risks and uncertainties and actual results may differ materially from those discussed as a result of various factors, including but not limited to the risks and uncertainties discussed under Item 1A, risk factors, in our annual report on Form 10-K for the fiscal year ending December 31, 2014, as well as other reports we file from time to time with the SEC. These forward-looking statements speak only as of the day on which the statements are made and we do not undertake or intend to update any forward-looking statements after the call.

At this point, I’d like to turn the call over to Plug Power’s CEO, Andy Marsh.

Andy Marsh

Thank you, Teal. Good morning, everyone. Thank you for joining the Plug Power fourth quarter 2015 earnings call. I’d like to start our time together with a recap of our business achievements in 2015 and what those mean for Plug Power in 2016. Following that, CFO, Paul Middleton, will discuss our fourth quarter and year-end 2015 financial results.

To start 2015, we set some aggressive growth and operational goals and we discussed these with our shareholders that demonstrate our progress throughout the year. On our January Business Update Call, I shared the news that we met these goals, and now I can disclose the actual numbers with you. Our goal for 2015 revenues was $100 million and we beat that with actual results totaling $103.3 million.

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