Recent

% | $
Quotes you view appear here for quick access.

Capstone Turbine Corp. Message Board

  • joansdan joansdan Jun 14, 2013 8:18 AM Flag

    Stern Read the numbers and weep, you must feel so DUMB

    CHATSWORTH, Jun 13, 2013 (GLOBE NEWSWIRE via COMTEX) -- Best Annual Performance
    in Company's History

    Record Revenue of $127.6 Million for Fiscal 2013

    Record Annual Gross Margin of 11% for Fiscal 2013

    Record Backlog of $148.9 Million at End of Fiscal 2013

    Capstone Turbine Corporation (Nasdaq:CPST), the world's leading clean technology
    manufacturer of microturbine energy systems, today announced its financial
    results for the fourth quarter and fiscal year ended March 31, 2013.

    Fourth Quarter 2013 Highlights

    -- Record quarterly revenue of $35.4 million, up 18% year-over-year

    -- Product revenue of $29.1 million, up 17% year-over-year

    -- Gross margin of $5.0 million, or 14%, compared to $0.9 million, or 3%, in
    fourth quarter Fiscal 2012

    -- Second consecutive quarter of double-digit gross margin

    -- New product orders of $41.5 million resulting in book-to-bill ratio of 1.4:1

    -- Record product backlog of $148.9 million at March 31, 2013

    Fiscal Year 2013 Highlights

    -- Record annual revenue of $127.6 million, up 17% from Fiscal 2012

    -- Product revenue of $102.7 million, up 14% from Fiscal 2012

    -- Gross margin of $14.4 million, or 11% of revenue, compared to $5.4 million,
    or 5% of revenue, for Fiscal 2012

    -- Operating loss decreased 31% year-over-year

    -- New product orders of $112.6 million resulting in book-to-bill ratio of 1.1:1

    -- Strong cash balance of $38.8 million at March 31, 2013

    -- Inventory turns were 5.4x at the end of Fiscal 2013 compared to 5.1x for
    Fiscal 2012

    Management Commentary

    "Our outstanding results for Fiscal 2013 showcase the progress we've made in
    transforming Capstone for long-term profitability," said Darren Jamison,
    Capstone's President and Chief Executive Officer. "This was the best year in
    Capstone's history - an extraordinary achievement for a team that has worked
    diligently to align all of our resources in operations, R&D, customer service,
    and sales and marketing, and position the company for long-term success. I'm
    also plea

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
CPST
0.6299-0.0101(-1.58%)9:59 AMEDT