American DG Energy (ADGE) Reports Q1 Loss of $0.02/Share

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Go back to American DG Energy (ADGE) Reports Q1 Loss of $0.02/Share

American DG Energy Reports First Quarter 2016 Financial Performance

May 13, 2016 9:01 AM EDT

WALTHAM, Mass., May 13, 2016 /PRNewswire/ -- American DG Energy Inc. (NYSE MKT: ADGE, the "Company"), an On-Site Utility provider offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and fitness facilities, reported total revenues of $2,201,481 for the first quarter of 2016, compared to $2,507,740 for the same period in 2015. GAAP diluted loss per share (EPS) was $0.02 for the first quarter of 2016 and 2015. Reflecting the Company's ongoing efforts to optimize its On-Site Utility production, gross margin excluding depreciation improved in first quarter of 2016 to 32.7% versus... More