Description: SupportingDocument:23c9c8b2e9374054b7afebcac2d6b022




Investor Contact:

John N. Hatsopoulos

American DG Energy Inc.




Media Contact:

Barry J. Sanders

American DG Energy Inc.




 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:




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.




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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