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Northern Power Systems Corp. (NPS) Create: Alert

All | News | Filings
Date FiledTypeDescription
08/16/2018 8-K Quarterly results
Docs: "Northern Power Systems Reports Second Quarter 2018 Results Business Highlights: Continued delays in the clarification of the Italian feed-in-tariff continue to negatively impact our revenue in our first half of 2018 as compared to the same period in 2017. The release of a revised Italian feed-in-tariff has been delayed since July of 2017. We continue to expect further delays in such policy being clarified until at least the fourth quarter of 2018. Successfully completed a convertible note capital raise in August of 2018, raising $2.0 million, of a potential $2.75 million financing. New and existing investors participated in the round to support growth in our energy storage business strategy. Executed a forbearance agreement with our bank to remedy a non-compliant covenant status. Such forb..."
05/15/2018 8-K Quarterly results
Docs: "Northern Power Systems Reports First Quarter 2018 Results Business Highlights: Uncertainty in the Italian market due to the expiration of the feed-in-tariff for distributed wind has created challenges with our core distributed wind business. Revenues from all geographic markets in the first quarter of 2018 were $1.6M, 25% of which was generated from services within Italy, as compared to $6.2M of revenues in the previous year period, of which Italian business represented approximately 85%. Advancing pipeline in the energy storage business, including full site development with turnkey installations for owners as well as sales of equipment with controls. With measurable traction in our energy storage business and strategy, we are actively evaluating potential transactions, partnerships and ot..."
04/02/2018 8-K Quarterly results
Docs: "Northern Power Systems Reports Fourth Quarter and Full Year 2017 Results Business Highlights: Global fleet of installed distributed wind turbines expanded to 845-units, achieving over 20 million run-time hours while delivering continued 98% grid-connected availability. Recorded $11.1 million and $38.6 million in revenues for the fourth quarter and fiscal year ended 2017, respectively. Gross margin improved to 24.0 percent and 19.9 percent for the three and twelve month periods ended December 31, 2017, respectively, compared to 5.2 percent and 7.9 percent for the three and twelve month periods ended December 31, 2016, respectively. Reported net income of $1.1 million and $0.1 million for the fourth quarter and the fiscal year ended 2017, respectively, compared to a net loss of $0.8 million ..."
11/13/2017 8-K Quarterly results
Docs: "Northern Power Systems Reports Third Quarter 2017 Results Business Highlights: Sustained growth leading to an 800-unit global installed fleet of distributed wind turbines, achieving almost 18 million run-time hours while delivering continued 98% grid-connected availability. Announced our entry into the energy storage space as a turn-key project developer providing integrated software, controls, and equipment; and advanced our energy storage system offering by completing UL1741 testing for our FP2000 power converter system. Recorded $3.5 million and $27.4 million in revenues for the third quarter and first nine months of 2017, respectively. Gross Profit improved to 18.5 percent and 18.2 percent for the three and nine months ended September 30, 2017, respectively, compared to 16.7 percent an..."
08/11/2017 8-K Quarterly results
05/12/2017 8-K Quarterly results
Docs: "Northern Power Systems Reports First Quarter 2017 Results Business Highlights:"
11/15/2016 8-K Form 8-K - Current report
09/14/2016 8-K Form 8-K - Current report
08/31/2016 8-K Form 8-K - Current report
07/25/2016 8-K Form 8-K - Current report
11/13/2015 8-K Form 8-K - Current report
08/12/2015 8-K Form 8-K - Current report
05/12/2015 8-K Form 8-K - Current report
03/31/2015 8-K Form 8-K - Current report
11/10/2014 8-K Form 8-K - Current report
08/05/2014 8-K Form 8-K - Current report
05/29/2014 8-K Form 8-K - Current report

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