Northern Power Systems Corp. (NRTHF) 10-K Annual Report Tue Mar 31 2015

Reduced net loss to $7.9 million from $14.1 million in the prior year; reduced full year non-GAAP adjusted EBITDA loss to $4.8 million as compared to a non-GAAP adjusted EBITDA loss of $11.2 million in the prior year.

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Launched full production of next generation distributed class turbine offering improved performance.

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Brazilian partner WEG began shipments of utility class units featuring Northern Power technology; installation proceeding as expected.

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Commenced a collaboration with KEPCO (Korean Electric Power Corporation) on hybrid energy projects in South Korea.

Fourth Quarter 2014 Highlights:

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Expanded quarterly revenues to $14.0 million from $9.0 million in the prior year fourth quarter driven by strong continued demand for the Company’s distributed class turbines.

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Reduced quarterly net loss to $2.4 million from $4.9 million in the prior year fourth quarter.

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Quarterly non-GAAP adjusted EBITDA loss was reduced to $1.6 million as compared to non-GAAP adjusted EBITDA loss of $3.1 million in the prior year fourth quarter.

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Delay in Italian regulations and transition to new blade suppliers expected to impact first half 2015 revenue.

Barre, VT USA (March 31, 2015) –

Northern Power Systems Corp. (TSX:NPS), a next generation renewable energy technology company, today announced financial results for its fourth quarter and year ended December 31, 2014.

“Northern Power delivered record revenue growth during 2014 as the proven capabilities of our highly differentiated technology and products gained greater marketplace recognition and interest,” said Troy Patton, President and Chief Executive Officer. “Further, we are very pleased with our progress in advancing our product offerings and expanding our sales capabilities globally. Distributed wind is becoming a very complementary offering alongside solar, diesel and storage in the microgrid and distributed generation movements, forming the basis of both mature and emerging market electrical supply buildout. Based upon these efforts, we are seeing strong pipeline momentum in Europe as we continue to introduce products with improved features to market, while we are also seeing opportunities in

The following information was filed by Northern Power Systems Corp. (NRTHF) on Tuesday, March 31, 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-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

Material Contracts, Statements, Certifications & more

Northern Power Systems Corp. provided additional information to their SEC Filing as exhibits

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: NRTHF
CIK: 1605997
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-114332
Submitted to the SEC: Tue Mar 31 2015 4:57:22 PM EST
Accepted by the SEC: Tue Mar 31 2015
Period: Wednesday, December 31, 2014
Industry: Engines And Turbines

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Northern Power Systems Corp. (NRTHF) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

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