Northern Power Systems Announces Strong Third Quarter 2014 Revenue Growth and Achieves EBITDA Profitability
Northern Power Systems Announces Strong Third Quarter 2014 Revenue Growth and Achieves EBITDA Profitability Third Quarter 2014 Highlights: · Expanded quarterly revenues to $15 million from $5.6 million in the prior year third quarter driven by strong continued demand for the Company’s distributed class turbines. · Grew order backlog at September 30, 2014 to $47 million. · Reduced quarterly net loss to $0.3 million from $3.1 million in the prior year third quarter and delivered quarterly adjusted non-GAAP EBITDA income of $0.5 million as compared to an adjusted non-GAAP EBITDA