The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Aug 16, 2018. Its latest SEC filing is a REVOKED from Mar 10, 2023.
10-Q for Q2 FY2018, filed Aug 16, 2018
The sections below describe the company as of the FY2017 annual report.
Sells distributed wind turbines to project developers, financial investors and end users such as farms, schools and businesses. Also sells power converters and integrated energy-storage solutions for storage and microgrid projects.
10-K for FY2017, filed Apr 2, 2018We are a provider of advanced renewable power generation and power conversion technology for the distributed energy sector. We design…View ↗
Our current sales are primarily in the small wind subset of the distributed wind market, which is commonly known to consist of turbines…View ↗
Regarding the power electronics product line, we have been developing our power converter technology since the early 2000s. Our…View ↗
In addition to wind turbine and productized energy storage solutions, we are developing sites for energy storage projects and provide…View ↗
We have developed two wind turbine platforms for the distributed wind market which we manufacture and sell on a global basis. Our 100 kW…View ↗
In addition to wind turbines, we are commercializing sales of our power converters based on our proprietary FlexPhase technology for…View ↗
Customers buy turbines and power converters, with delivery completing the product sale; service, design and repair work brings in revenue as it is done. Extended warranties bring in revenue over years three through five, and licensing brings in revenue once customers can use the technology.
10-K for FY2017, filed Apr 2, 2018Revenue Recognition — The Company generates revenue from three principal sources: product sales and services, technology licensing, and…View ↗
Virtually all of the Company’s turbine sales contracts include multiple elements that are delivered at different points of time. A…View ↗
Revenue recognition for product sales is deferred until all revenue recognition criteria have been met. The Company seeks to make the…View ↗
Revenue related to the licensing of intellectual property is recognized per ASC 605-25, which states that delivery for revenue recognition…View ↗
$38.6M
10-K for FY2017, filed Apr 2, 2018
$38.6M ↗
Serves project developers and financial investors, as well as end users such as farms, schools, municipalities, businesses, remote villages and U.S. military installations.
10-K for FY2017, filed Apr 2, 2018Our distributed wind customers include financial investors and project developers, but also the end users themselves in applications that…View ↗
Financial investors provide equity capital and raise debt capital, typically from a commercial bank, to build and deploy wind turbines.…View ↗
Owners and operators of projects invest in wind power to reduce the cost that they pay for electricity by switching away from higher priced…View ↗
10-K for FY2017, filed Apr 2, 2018
During the year ended December 31, 2017, one customer accounted for 13% of revenue. One customer accounted for 11% of total revenue for…View ↗
Yes. It kept less than a cent of every revenue dollar as net income in FY2017, but spent more cash than it brought in: free cash flow was −$4M.
10-K for FY2017, filed Apr 2, 2018
10-K for FY2017, filed Apr 2, 2018
$645KView ↗
10-K for FY2017, filed Apr 2, 2018
$59KView ↗
10-K for FY2017, filed Apr 2, 2018
−$4MView ↗
10-Q for Q2 FY2018, filed Aug 16, 2018
−$1MView ↗
8-K, filed Aug 27, 2019
Northern Power Systems Corp (the “Company”) is filing this Form 8-K to disclose that effective as of August 23, 2019 (the “Effective…View ↗
8-K, filed Jun 11, 2019
On June 6, 2019, Reinout Oussoren, the Interim Co-Chief Executive Officer of Northern Power Systems Corp. (“NPS Corp” or the “Company”) and…View ↗
8-K, filed Apr 30, 2019
On April 30, 2019, Northern Power Systems Corp (“Northern” or the “Company”) through its wholly owned subsidiary, Northern Power Systems…View ↗
8-K, filed Feb 12, 2019
On February 11, 2019, Northern Power Systems Corp (“Northern” or the “Company”) through its wholly owned subsidiary, Northern Power…View ↗
Grew. Revenue grew 2.1x in 4 years, from $18.6M in FY2013 to $38.6M in FY2017, about 20% a year.
Utility wind licensing
The older report describes licensing utility-scale turbine technology to manufacturers; the latest says those rights were transferred to WEG, shifting the focus to distributed energy.
10-K for FY2014, filed Mar 31, 2015 10-K for FY2017, filed Apr 2, 2018We are a growing provider of advanced renewable power creation and power conversion technology for the energy sector. We design…View ↗
We have developed a 2 MW turbine platform with three wind-speed regime variants based upon our PMDD technology, of which the 2.3 MW variant…View ↗
We have licensed certain elements of our wind turbine technology to two large, global manufacturers.View ↗
Energy storage offerings
The older report describes power converters and technology-development work; the latest adds integrated battery-storage offerings and development of project sites.
10-K for FY2014, filed Mar 31, 2015 10-K for FY2017, filed Apr 2, 2018We have developed a 2 MW turbine platform with three wind-speed regime variants based upon our PMDD technology, of which the 2.3 MW variant…View ↗
Power ConvertersView ↗
Our engineering team provides technology development services that are targeted to the global wind power market as well as other advanced…View ↗
Competes with GHRE, ESPE, C&F, Criel, Enerwings, EolArt, Ergo Wind, Greenstorm, Orenda, Polaris, Rago, Stoma, Svecom PE, WES, Xant, Xzeres, Dynapower, Parker, ABB, and Siemens
10-K for FY2017, filed Apr 2, 2018Our primary competitors in the distributed wind market are GHRE, ESPE and other emerging market entrants. We also compete with several…View ↗
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