News Column

American DG Energy Reports Second Quarter 2014 Financial Performance

August 19, 2014



ENP Newswire - 19 August 2014

Release date- 15082014 - WALTHAM, Mass. - 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 fitness facilities, reported total revenues of $2,071,222 in the second quarter of 2014, compared to $1,769,783 for the same period in 2013, an increase of 17%.

GAAP diluted loss per share (EPS) was $0.03 in the second quarter of 2014, compared with a GAAP diluted loss per share of $0.02 for the same period in 2013.

Major Highlights:

Financial

Total revenue increased by 17% to $2,071,222 in the second quarter of 2014, compared to $1,769,783 for the same period in 2013.

Total gross profit margin in North America without depreciation was 30% in the second quarter of 2014.

EBITDA cash outflows for American DG Energy in North America were $(295,122) in the second quarter of 2014. Consolidated EBITDA cash outflows with EuroSite Power were $(550,005) in the second quarter of 2014.

On August 6, 2014, we closed a public financing with gross proceeds of approximately $4 million.

As of August 14, 2014, we have $11.1 million of cash, net working capital of approximately $12.2 million and approximately $2.4 million of prepaid projects in process.

The total revenue value of our On-Site Utility energy agreements since inception is approximately $328 million using various market assumptions and estimates made by the Company.

Operations

We currently operate 122 energy systems and our current backlog consists of 36 energy systems.

Total energy production was 23.4 million kWh in the second quarter of 2014.

We reached agreements with Green Hill Retirement Community in West Orange, New Jersey for a 75 kW CHP system

We began operations at the following three properties:

80-ton Chiller at a facility in New Jersey

400 ton Chiller at a facility in New Jersey

75kW CHP system at a facility in Maryland

About American DG Energy

American DG Energy supplies low-cost energy to its customers through distributed power generating systems. We are committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities - without any capital or start-up costs to the energy user - through our On-Site Utility energy solutions.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes.

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

Investor Contact:

John N. Hatsopoulos

American DG Energy Inc.

Tel: 781.622.1120

Email: john.hatsopoulos@americandg.com

Media Contact:

Barry J. Sanders

American DG Energy Inc.

Tel: 781.522.6010

Email: barry.sanders@americandg.com


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Source: ENP Newswire


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