Company Overview of Northern Power Systems, Inc.
Northern Power Systems, Inc., a renewable energy technology company, designs, manufactures, deploys, and supports permanent magnet/direct drive distributed and utility scale wind turbines. It also offers wind power consulting services in the areas of turbine level design, drivetrain design, loads and modeling, system controls, power converter controls, certification consulting and support, failure analysis and mitigation, and test program design and execution; and power consulting solutions in the areas of design and development programs, technical consulting, rapid prototype production, and validation testing. In addition, the company offers power converters, microgrids, and energy consulti...
29 Pitman Road
Barre, VT 05641
Founded in 1974
Key Executives for Northern Power Systems, Inc.
President and Chief Operating Officer
Chief Accounting Officer and Vice President
Director of Technology Solutions
Vice President of FP&A and Marketing Analytics
Senior Director of Operations
Compensation as of Fiscal Year 2016.
Northern Power Systems, Inc. Key Developments
Northern Power Systems, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Mar 31 15
Northern Power Systems, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. Revenue for the fourth quarter of fiscal year 2014 grew to $14.0 million, a 56% increase over revenue of $9.0 million reported in the prior year period. GAAP net loss for the fourth quarter of fiscal year 2014 was $2.4 million, representing a 51% reduction compared to a $4.9 million loss in the prior year fourth quarter. Non-GAAP adjusted EBITDA loss for the fourth quarter was $1.6 million, representing a $1.5 million improvement compared to a non-GAAP adjusted EBITDA loss of $3.1 million in the prior year fourth quarter.
The 2014 revenue grew to $56.5 million, a 174% increase over revenue of $20.6 million reported in the prior year period. GAAP net loss for fiscal year 2014 was $7.9 million, representing a 44% reduction compared to a $14.1 million loss in 2013. NonGAAP adjusted EBITDA loss for 2014 was $4.8 million, representing a $6.4 million, or 57% improvement compared to a nonGAAP adjusted EBITDA loss of $11.2 million in the prior year.
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