press release

For further information contact:

John Hatsopoulos, American DG Energy

Telephone: 781.522.6020



American DG Energy Reports Fourth Quarter and FY 2011 Financial Performance

Energy revenues increased 13% in 2011 and 21% compounded over a 6 year period


WALTHAM, Mass. – March 6, 2012 –

American DG Energy Inc. (NYSE Amex: ADGE), a leading On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, reported energy revenues of $1,435,082 in the fourth quarter of 2011, compared to $1,298,882 in the fourth quarter of 2010, total revenues of $1,469,276 in the fourth quarter of 2011, compared to $1,375,948 in the fourth quarter of 2010 and total revenues of $6,022,868 for the full year in 2011, compared to $5,634,765 in 2010. GAAP diluted loss per share (EPS) was $(0.08) in 2011, compared to $(0.04) in 2010, and GAAP operating loss including EuroSite Power Inc. was $(3,669,728) in 2011, compared to a loss of $(1,681,703) in 2010.


Major Highlights in the Fourth Quarter and FY 2011:




·We received a significant order in December to supply 1,050 kW to residential buildings located in New York. The value of that agreement is $27.4 million over a 15 year period.
·In October we reached an agreement to provide an on-site energy solution via our new ultra-high-efficiency water heater to Sidney Albert Albany Jewish Community Center in Albany, New York.
·During the year we started the operation of a 75 kW combined heat and power system at Sterling Center YMCA, in Beverly Massachusetts, a 150 kW system at Stevens Institute of Technology, in Hoboken, New Jersey and a 375 kW system at Doral Arrowwood Hotel and Conference Center in Rye Brook, New York.
·We entered into an agreement with Nexant, Inc., to monetize the energy efficiency credits for our fleet of combined heat and power systems operating in Massachusetts.
·We entered into a strategic distribution agreement with Global Partners LP to sell our On-Site Utility solution to their energy customers.
·We substantially expanded our sales and marketing effort by adding sales people, broadening our distribution and geographic reach and implementing direct marketing programs targeting potential customers, especially large property owners.
·We introduced EuroSite Power’s On-Site Utility energy solutions in the United Kingdom and Europe.
·We added one part time and ten full time employees to our staff including a Managing Director for EuroSite Power and a Vice President of Business Development in the US.




·In the fourth quarter of 2011 energy revenue increased by 10.5% to $1,435,082 compared to $1,298,882 for the same period in 2010 and energy gross profit margin without depreciation was 28.1%, primarily due to the additional energy systems and the increased hours of operation of our energy systems fleet.
·For the year, our energy revenue increased by 13.1%, although the natural gas price, a key component in calculating our hot water revenue was considerably lower in 2011 compared to 2010.
·Our total energy production grew 23% to 19,049,272 kWh in the fourth quarter of 2011 compared to the same period in 2010, and 17% to 71,379,748 kWh for the entire year of 2011 compared to 2010.
·Our energy gross profit margin without depreciation was 36.1% in 2011.
·Our total cash outflows in 2011 were $1,176,798, of which $907,060 were related to startup expenses at EuroSite Power and the remaining $269,738 were related to the expansion of sales and marketing activity at American DG Energy.
·We added 7 new energy systems in 2011 bringing the total number of energy systems operating to 83 compared to 76 in 2010.


- more -




The following information was filed by American Dg Energy Inc (ADGE) on Tuesday, March 6, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate American Dg Energy Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Dg Energy Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account