Capstone Turbine (CPST) Tops Q4 EPS by 7c

Capstone Turbine (NASDAQ: CPST) reported Q4 EPS of ($0.25), $0.07 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $18.9 million versus the consensus estimate of $19.14 million.

Darren Jamison, President and Chief Executive Officer of Capstone Turbine, said, “Having faced numerous challenges this year, we took action to reposition the business for profitability. As a result of those actions, we are successfully diversifying our market verticals, expanding into new geographical areas and substantially reducing our operating expenses with the goal of reaching profitability at lower operating levels. We also launched Capstone Energy Finance™, our joint venture that provides financing options to purchase our microturbines and capture customers that would like to deploy our products but may not currently have the capital dollars to purchase them.”

“As we look into the year ahead, we remain focused on reaching profitability as quickly as possible,” continued Mr. Jamison. “With the improvements we have made, we believe we are firmly on the path of reducing our cost structure by 35%, increasing our gross margin to 25% and reaching our breakeven goal at approximately $25 million in quarterly revenue.”

For earnings history and earnings-related data on Capstone Turbine (CPST) click here.

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