- Published: 13 August 2015 13 August 2015
Northern Power Systems (NPS) has announced financial results for its second quarter ended June 30, 2015. Revenue for the second quarter of fiscal year 2015 was at US$ 12.5 million, compared to US$ 13.8 million reported in the prior year period and US$ 8.3 million reported in the first quarter of 2015.
GAAP net loss for the second quarter of fiscal year 2015 was US$ 3.3 million, representing a 57 per cent increase compared to a US$ 2.1 million loss in the prior year second quarter. Non-GAAP adjusted EBITDA loss for the second quarter was US$ 2.7 million, representing a US$ 1.5 million increase compared to a non-GAAP adjusted EBITDA loss of US$ 1.2 million in the prior year second quarter. Order backlog at June 30, 2015 was approximately $41 million as compared to $40 million at June 30, 2014.