Dec. 6 at 4:22 PM
$PLUG Anyone who still believes in this management with regards to when they will be profitable needs to read this.
Here is a summary of the repeated promises and missed targets:
Early 2000s: In its 1999 IPO filing, management stated it expected to incur losses through at least 2003, but the losses continued well past that timeframe.
Early 2010s: The former CEO, Andy Marsh, made multiple promises of positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), with targets for mid-2014 and the third quarter of 2014, which were not achieved.
Mid-to-Late 2010s: The company continued to miss various revenue and cash flow goals set by management in years such as 2015 and 2016.
Throughout the Years: In general, the company has consistently burned through cash and lost money "hand over fist" for its entire history, forcing it to raise capital frequently through share dilution, which has eroded investor confidence and value over the years.
