May 11 (Reuters) - Hydrogenics Corp HYG.TO :
* Hydrogenics reports first quarter 2016 results
* Q1 loss per share $0.19
* Q1 revenue fell 43 percent to $4.3 million
* Q1 revenue view $7.9 million -- Thomson Reuters I/B/E/S
* Q1 earnings per share view $-0.21 -- Thomson Reuters
I/B/E/S
* Hydrogenics Corp says secured $5.8 million of orders
during quarter, resulting in an order backlog of $98.0 million
as of march 31, 2016
* Q1 of 2016 was challenging for Hydrogenics, as a few
booked projects were pushed out and certain contract awards
delayed
* Of $98.0 million in backlog, company expects to recognize
approximately $30 million over next twelve months as revenue
* In Q1 several programs were impacted by
slower-than-expected progress payments, delays in customer site
readiness, causing deferral of revenue recognition until Q2
* Anticipate that overall gross margins should remain higher
than in 2015
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