May. 10 at 4:38 PM
$PLUG Fair point that the operational result was better than the GAAP headline suggested due to the impairment charges. But one could also infer from your response that the recurring “non-cash” impairments are meaningless, when in fact they’re very relevant, especially since they continue to be reported every quarter. They’re reflective of prior strategic and operational issues, and until they stop recurring, the reported adjusted EPS holds limited weight.
The real question now is whether Q4 marked the beginning of sustainable margin improvement and lower cash burn, or simply a cleaner quarter temporarily masked by adjustments.
Tomorrow’s ER will tell all.
