Northern Power Systems Announces Q2 2014 Financial Results
Strong revenue growth; substantially reduced EBITDA lossesSecond Quarter 2014 Highlights: · Expanded quarterly revenues to $13.8 million from $4.3 million in the prior year period; revenue expansion driven by strong continued demand for the Company’s distributed class turbines. · Reduced quarterly net loss to $2.2 million from $2.8 million in the prior year period, and quarterly non-GAAP EBITDA loss to $1.3 million from $3.0 million in the prior year quarter; driven by sales into higher wind regimes and production cost control. · Completed prototype of next generation distributed