Capstone Turbine (CPST) Misses Q4 EPS by 1c, Beats on Revenues

Capstone Turbine (NASDAQ: CPST) reported Q4 EPS of ($0.13), $0.01 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $22.9 million versus the consensus estimate of $21.5 million.

Financial Highlights of Fiscal 2017 Fourth Quarter:

• Top-line revenue increased 21% to $22.9 million over the prior year’s fourth quarter. Product revenue increased 30% to $15.2 million and accessories, parts and FPP service revenue increased 8% to $7.7 million over last year’s fourth quarter
• Operating expenses for the quarter were reduced $1.1 million, or 15%, to $6.2 million from $7.3 million in the year-ago fourth quarter
• Net loss for the quarter improved $0.7 million, or 13%, to $4.6 million, or $0.13 per share, for the quarter from a net loss of $5.3 million, or $0.25 per share, in the year-ago fourth quarter
• Inventories decreased $1.2 million from the third quarter primarily on lower finished goods on hand
• Cash generated in the fourth quarter of fiscal 2017, excluding net proceeds from equity transactions and including changes in the Wells Fargo credit facility, was $33,000 compared to cash used of $7.1 million for the fourth quarter of fiscal 2016
• Bookings for the fourth quarter were $20.2 million compared to $18.3 million in the year-ago fourth quarter
• Book-to-bill for the quarter was 1.3 compared to 1.6 in the year-ago fourth quarter

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

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