10:01 AM EST - Hydrogenics Corporation : reported second quarter 2012 financial results. Results are reported in U.S. dollars and are prepared in accordance with International Financial Reporting Standards (IFRS) Revenues increased 113% to $8.3 million, reflecting higher bookings within the OnSite Generation business unit fueled by growth in energy storage and increased demand in industrial markets, partially offset by a decrease in the value of the euro relative to the U.S. dollar. Gross profit was $1.5 million, or 17.8% of revenues, a 12.2-percentage-point decline year-over-year, primarily reflecting the absence of $0.3 million of warranty reserve reversals combined with increased material costs in the OnSite Generation business unit. Hydrogenics Corporation
shares T.HYG are trading unchanged at $6.60.
