American Dg Energy Inc (ADGE) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2015

American Dg Energy Inc

CIK: 1378706 Ticker: ADGE
FOR IMMEDIATE RELEASE Investor Contact: John Hatsopoulos American DG Energy Inc. 781.622.1120 Media Contact: Christine Cobuzzi American DG Energy Inc. 781.522.6014 American DG Energy Reports Second Quarter 2015 Financial Performance Company achieves positive Non-GAAP Cash Flow from Operations and Collection of UK Energy Tax Incentives for the Quarter and Gross Margin without Depreciation improves to 34.5% compared to 28.3% for the same period in 2014 WALTHAM, Mass. – August 12, 2015 - American DG Energy Inc. (NYSE MKT: ADGE), On-Site Utility™, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and fitness facilities, reported total revenues of $2,087,127 in the second quarter of 2015, compared to $2,071,222 for the same period in 2014. Loss per share (EPS) was $0.02 in the second quarter of 2015, compared with a loss per share of $0.03 for the same period in 2014. Reflecting the Company’s ongoing efforts to optimize its On-Site Utility™ production, Gross Margin without depreciation improved in the second quarter of 2015 to 34.5% from 28.3% in the same period a year ago. Major Highlights: Financial  Consolidated EBITDA cash inflows, including cash received from tax incentives, improved reaching $362,874 in the second quarter of 2015, versus outflows of $550,005 in the second quarter of 2014.  Excluding tax incentives, EBITDA cash outflows improved significantly and were $305,985 for the quarter versus $550,005 in the second quarter of 2014.  As a result of our On-Site Utility™ productivity efforts and profitable consulting projects, American DG Energy’s business in North America, produced a margin before depreciation of 38.1% in the second quarter of 2015 versus 29.8% in the year ago period. Operations  We currently operate 119 energy systems and our current backlog consists of 20 energy systems.  Second quarter revenue was attributable to the following core markets: Hospitality  28%  Fitness  23%  Housing  19%  Education  13%  Healthcare  13%  Other  4%  TOTAL  100%   During Q2 2015 we reached agreements for:  A 200 kW CHP system with BH Live for The Littledown Centre, Bournemouth UK.  A 100 kW CHP system with Stevenage Leisure for the new Flitwick Leisure Centre, Flitwick UK.  The installation and maintenance of two Ilios 600,000 Btu per hour heat pump systems in Oahu, Hawaii.  Design and construction management services for two Times Square hotels in New York, New York.

The following information was filed by American Dg Energy Inc (ADGE) on Tuesday, August 18, 2015 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Ticker: ADGE
CIK: 1378706
Form Type: 10-Q Quarterly Report
Accession Number: 0001378706-15-000101
Submitted to the SEC: Mon Nov 16 2015 3:30:51 PM EST
Accepted by the SEC: Mon Nov 16 2015
Period: Wednesday, September 30, 2015
Industry: Electric And Other Services Combined

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