Hydrogenics Reports Second Quarter 2019 Results

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Go back to Hydrogenics Reports Second Quarter 2019 Results

Hydrogenics (HYGS) Misses Q2 EPS by 14c, Revenues Miss

August 12, 2019 6:32 AM EDT

Hydrogenics (NASDAQ: HYGS) reported Q2 EPS of ($0.25), $0.14 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $10.4 million versus the consensus estimate of $11.26 million.

Summary of Results for the Quarter Ended June 30, 2019 (compared to the Quarter Ended June 30, 2018 unless otherwise noted)

The Company posted revenue of $10.4 million for the second quarter of 2019, a 37% increase over the same period in 2018. Gross margin decreased to 12.9% in the second quarter of 2019 from 27.6% last year, primarily reflecting product mix as well as additional costs for warranty provisions and inventory obsolescence.... More