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American Dg Energy Inc (ADGE) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

American Dg Energy Inc

CIK: 1378706 Ticker: ADGE

 

Description: SupportingDocument:23c9c8b2e9374054b7afebcac2d6b022

 

FOR IMMEDIATE RELEASE

 

Investor Contact:

John N. Hatsopoulos

American DG Energy Inc.

781.622.1120

john.hatsopoulos@americandg.com

 

 

Media Contact:

Barry J. Sanders

American DG Energy Inc.

781.522.6010

barry.sanders@americandg.com

 

 

 American DG Energy Reports 2013 Financial Performance

 

Revenue increases 32% compared to 2012

 

WALTHAM, Mass. March 31, 2014 American DG Energy Inc. (NYSE MKT: ADGE), a leading On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, reported unaudited financial results for Fiscal Year 2013. Total revenues were $7,461,880 in 2013, compared to $5,645,194 in 2012, an increase of 32%. GAAP diluted loss per share (EPS) was $(0.10) in 2013, compared to $(0.14) in 2012.

 

Major Highlights:

 

 Financial

 

Energy revenue increased by 33% to $7,164,226 in 2013, compared to the same period in 2012.
Energy gross profit margin in North America without depreciation was over 36% in 2013.
Utility rates for thermal energy (such as natural gas) decreased approximately 10% and electricity rates decreased by 11% in the fourth quarter of 2013 compared to the same period in 2012, which lowered our energy revenue for the period.
The company received $285,718 of incentives in 2013.
We finished 2013 with approximately $9.8 million in cash.
The total revenue value of our On-Site Utility energy agreements since inception is approximately $300 million using various market assumptions and estimates made by the Company.
During June 2013, EuroSite Power issued 4% Senior Unsecured Convertible Notes Due 2015 and raised $4.0 million; $2.9 million from accredited investors and $1.1 million from conversion of an American DG Energy note.
During August and September of 2013, the company raised $965,001 in equity capital through private placements from a major shareholder and a member of the Board of Directors.
On August 15, 2013 shareholders of American DG Energy received a special dividend of an aggregate of 4,880,720 shares of EuroSite Power.

 

Operations

 

Total energy production increased by 34% to 99.4 million kWh in 2013 compared to the same period in 2012.

 

The associated revenue in 2013 was attributable to the following core markets:

 


The following information was filed by American Dg Energy Inc (ADGE) on Monday, March 31, 2014 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.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity Parenthetical
(reconciliation Of Federal Statutory Income Tax Provision To Company's Actual Provision) (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Convertible Debentures
Convertible Debentures (details)
Convertible Debentures (eurosite Power Convertible Debenture) (details)
Convertible Debentures (fair Value Assumptions) (details)
Convertible Debentures (tables)
Employee Benefit Plan
Employee Benefit Plan (details)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (summary Of Activity For The Period) (details)
Fair Value Measurements (tables)
Income Taxes
Income Taxes (details)
Income Taxes (schedule Of Deferred Tax Assets) (details)
Income Taxes (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (summary Of Property, Plant And Equipment) (details)
Property, Plant And Equipment (tables)
Related Parties
Related Parties (details)
Related Parties (fair Value Assumptions) (details)
Related Parties (tables)
Stockholders' Equity
Stockholders' Equity (details)
Stockholders' Equity (summary Of Stock Option Activity) (details)
Stockholders' Equity (summary Of Warranty Activity) (details)
Stockholders' Equity (summary Of Weighted Average Assumptions Used In Black Scholes Option Pricing Model) (details)
Stockholders' Equity (tables)
Stockholders' Equity Class Of Rights And Warrants (details)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (accounts Payable And Supply Concentrations) (details)
Summary Of Significant Accounting Policies (accounts Receivable And Payble) (details)
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (property And Equipment) (details)
The Company
The Company (details)
Warrant Liability
Warrant Liability (details)

Material Contracts, Statements, Certifications & more

American Dg Energy Inc provided additional information to their SEC Filing as exhibits

Ticker: ADGE
CIK: 1378706
Form Type: 10-K Annual Report
Accession Number: 0001378706-14-000002
Submitted to the SEC: Wed Apr 09 2014 1:54:06 PM EST
Accepted by the SEC: Wed Apr 09 2014
Period: Tuesday, December 31, 2013
Industry: Electric And Other Services Combined

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