Company Quick10K Filing
Northern Power Systems
10-Q 2018-06-30 Filed 2018-08-16
10-Q 2018-03-31 Filed 2018-05-15
10-K 2017-12-31 Filed 2018-04-02
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-11
10-Q 2017-03-31 Filed 2017-05-12
10-K 2016-12-31 Filed 2017-03-31
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-09-14
10-Q 2016-03-31 Filed 2016-08-31
10-K 2015-12-31 Filed 2016-07-25
10-Q 2015-09-30 Filed 2015-11-12
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-13
10-K 2014-12-31 Filed 2015-03-31
10-Q 2014-09-30 Filed 2014-11-13
10-Q 2014-06-30 Filed 2014-08-14
10-Q 2014-03-31 Filed 2014-05-29
8-K 2019-08-27 M&A, Officers
8-K 2019-06-06 Officers, Other Events
8-K 2019-04-25 M&A, Officers, Other Events, Exhibits
8-K 2019-04-01 Other Events
8-K 2019-02-23 Officers, Exhibits
8-K 2019-02-19 Officers, Exhibits
8-K 2019-02-11 Enter Agreement, M&A, Officers, Exhibits
8-K 2018-12-07 M&A, Exhibits
8-K 2018-11-30 Enter Agreement, Exhibits
8-K 2018-11-15 Accountant, Exhibits
8-K 2018-10-22 Regulation FD, Exhibits
8-K 2018-09-21 Regulation FD, Exhibits
8-K 2018-08-27 Officers
8-K 2018-08-14 Earnings, Exhibits
8-K 2018-08-07 Officers, Exhibits
8-K 2018-08-02 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-07-19 Sale of Shares, Exhibits
8-K 2018-07-06 Officers
8-K 2018-06-27 Shareholder Vote
8-K 2018-06-04 Other Events
8-K 2018-05-24 Regulation FD, Exhibits
8-K 2018-05-15 Earnings, Exhibits
8-K 2018-04-02 Earnings, Exhibits

Northern Power Systems Financials

NPS Metrics, Comps, Filings

Quarterly | Annual

Business

We are a provider of advanced renewable power generation and power conversion technology for the distributed energy sector. We design, manufacture and service a suite of proven permanent magnet direct-drive (“PMDD”) wind turbine platforms for the distributed wind market, as well as power converters for battery energy storage applications. Starting in 2016, we now provide integrated energy storage solutions and commenced efforts, in 2017, to develop sites for energy storage projects to provide end users with turn-key distributed energy solutions. Historically, we licensed our utility-class wind turbine platform, which uses the same PMDD technology as our distributed turbines, to large manufacturers. In October 2016, we completed the transfer of these technology rights, which enabled us to focus our efforts on the distributed energy business. With our predecessor companies dating back to 1974, we have decades of experience in developing proven innovative energy solutions in the power generation and conversion space.

Our PMDD wind turbine technology is based on a simplified architecture that utilizes a unique combination of a permanent magnet generator and direct-drive design. The permanent magnet generator provides higher efficiency and higher energy capture than units that utilize a traditional gearbox design. Importantly, our direct-drive turbine design requires significantly fewer moving parts than traditional geared turbines, which increases reliability due to reduced maintenance and downtime costs. Since our early days of pioneering this technology, PMDD has become an industry standard.

Our current sales are primarily in the small wind subset of the distributed wind market, which is commonly known to consist of turbines with rated capacities of 500 kW output or smaller. Based on the number of turbines that we have sold and installed to date, we consider ourselves a leader in the U.S., U.K., and Italy in the largest sub-segment of this market in terms of energy output, turbines ranging in size from 50 kW to 100 kW. Since the introduction of our second generation 60 kW and 100 kW PMDD wind turbines in late 2008, we have sold over 800 of these turbines. To date, these units, in the aggregate, have run for over twenty million hours. Our distributed wind customers include financial investors and project developers, but also the end users themselves such as farms, schools, municipalities, businesses, remote villages, and U.S. military installations.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Stemcell Holdings (STMM) 113% -1.0 26% 12,033 6,023 7,314 8,235 3,099 4,927 -5,116
FCCC (FCCC) 1.5 -61% 92 3 0 0 -56 -56 -82
Tapinator (TAPM) 0% 0.1 -99% 1,783 952 4,323 0 -1,762 -1,762 -260
Nogales Resources (NLRT) 0% 1 188 0 0 0 0 -1
Golden Growers Cooperative (GGRO) -0% 0% 26,919 2,171 42,425 -45 0 0 -3,508
Northern Power Systems (NPS) 22% 0.4 -27% 8,927 13,901 18,317 4,050 -2,379 -1,701 -670
Twin River Worldwide (TRWH) 0% 4.0 4% 1,070,918 808,153 393,158 0 41,775 112,100 449,560
Bio-En (BENH) 0.1 -643% 10 149 0 0 -67 -67 -5
Southwest Iowa Renewable Energy (SIRE) -1% -47.3 -1% 140,863 51,558 216,993 -1,931 -1,170 -537 25,396
Texas Republic Capital (TRCC) 0% 8.9 -5% 26,315 14,988 931 0 -1,274 -1,274 -11,328
Fannie Mae (FNM) 28.1 0% 3,494,436,000 3,484,094,000 0 0 13,025,000 119,732,000 3,361,548,000
CBA Florida (CBAI) 43.6 -1% 14,544 598 0 0 -211 -261 -11,368
Pacific Gold & Royalty (PCFG) -7.1 0 3,799 0 -3 -238 -45 320
BoxScore Brands (BOXS) 33% -8.3 -540% 313 7,564 338 110 -1,690 -702 5,793
Quest Management (QUEST) 27% -0.3 129% 13 6 45 12 16 16 -5
Zhen Ding Resources (RBTK) 0.1 48,309,900% 0 0 -483 -68 -6
Hines Global REIT (HGRI) 0% 1.7 19% 2,010,946 999,520 205,149 0 388,366 421,651 715,767
Wadena (WDN) 0% 0.0 -2,344% 12 696 87 0 -281 -278 -5
Galera Therapeutics (GRTX) 1.3 -17% 79,758 52,298 0 0 -13,351 -12,433 -15,719
Chase General (CSGN) 26% -0.5 -2% 1,563 1,016 2,493 658 -32 13 -7

Balance Sheet ($'000)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-30
Cash1,99615,39416,31813,1427,3276,1245,6656,3334,0303,2653,1835,4236,5996,4575,8003,8732,115670
Accounts Receivable2,7503,5353,8203,4913,7984,2285,2863,0462,1591,6007756741,4423,9761,4621,5371,377833
Inventory12,43213,56815,00016,45618,98715,19015,5489,23312,4138,4508,9877,1599,2506,1837,5105,2735,4434,857
PP&E4,5094,9145,1475,5105,6976,0246,7295,5375,5465,5545,2924,4344,5554,8894,8894,3334,3334,333
Assets27,62241,20743,03042,85438,21135,57435,07831,87628,69724,03820,18618,66522,38720,22319,00514,64011,7528,927
Accounts Payable4,3393,3152,0044,1532,9574,0386,1213,8384,4592,9223,5553,3544,3986,4946,7926,8156,2675,318
Long-Term Debt38204,0004,0004,0003,0004,0002,8923,6002,5001,900
Liabilities41,40224,69226,67128,72428,06528,51828,22125,96726,83724,59221,95421,22326,09722,97022,47416,93515,69513,901
Stockholders' Equity-13,78016,51516,35914,13010,1467,0566,8575,9091,860-554-1,768-2,558-3,710-2,747-3,469-2,295-3,943-4,974
Income Statement ($'000)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-30
Revenue13,75613,77015,03213,9678,29912,46916,66718,3505,1788,70912,1419,9006,20317,7643,45911,1001,5602,198
Cost of Revenue16,66115,8541,0401,5621,2981,0201,6751,2777449941,0821,0387701,0406829271,1961,831
Gross Profit-2,905-2,08413,9922,8511,8411,1633,4033,144-6379332,0245137553,6046412,678364367
R&D1,1391,0771,3211,2141,139810739703924882592362628506464322343284
SG&A2,9563,2033,3023,5054,3373,1722,5682,6242,5862,4632,6582,1311,7691,9401,4851,3941,5841,238
Tax14154124543853834274316612262-77171814171520
Net Income-3,124-2,064-289-2,417-4,133-3,298-485-596-4,231-2,526-1,357-800-1,1901,040-7581,200-1,810-1,011
Cash Flow ($'000)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-30
Cash Operating-2,284-6,720-2,969-2,862-5,538106-7271,801-2,9053525551,201-1,014-593-1,547-2,159-1,010
Cash Investing-195813-96-361-248-327-705-53-129-8-381,3911,929371-14750
Cash Financing-5919,3053,989473-1,0001,000-1,108708-1,100-600-30025040-375-88-405