Northern Power Systems Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, net revenue was $37,435,000 compared with $42,558,000 reported in the prior year third quarter. Loss from operations was $6,358,000 against $4,765,000 last year. Loss before provision for income taxes was $6,721,000 against $5,036,000 last year. Net loss applicable to common shareholders was $7,916,000 or $0.35 per basic and diluted share against $5,477,000 or $0.29 per basic and diluted share in the prior year third quarter. Non-GAAP adjusted LBITDA for the third quarter of fiscal 2015 was $5,862,000 compared with $3,210,000 a year ago. Net cash used in operating activities was $6,159,000 against $11,973,000 last year. Purchases of property and equipment were $1,280,000 against $696,000 last year.