US green hydrogen firm Plug Power has said it has resolved a going concern issued at the end of September 2023 as it revealed a net loss of $1.36bn in 2023.
The issued highlighted in the Q3 2023 report raised concerns over the company’s ability to continue, but Plug has now said it has “sufficient cash” and “available liquidity” to fund ongoing operations for the “foreseeable future.”
Seeing a 27% revenue growth for 2023, reaching $891m, Plug’s net losses hit $1.36bn, up from $724m in 2022.
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