Capstone Turbine (CPST) Reports In-Line Q1 EPS
Get Alerts CPST Hot Sheet
Financial Fact:
Total operating expenses: 6.39M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Capstone Turbine (NASDAQ: CPST) reported Q1 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $27 million versus the consensus estimate of $25.38 million.
Total backlog as of June 30, 2015 was $160.5 million compared with $175.2 million as of June 30, 2014, and $165.7 million as of March 31, 2015.
Gross profit margin improved more than 200 basis points to 17% for the first quarter of fiscal 2016, compared with 15% for the first quarter of fiscal 2015, and was $4.7 million for the first quarter of 2016 compared with $3.4 million for the first quarter a year ago. The increase in the gross margin during the first quarter of fiscal 2016 compared to the first quarter of fiscal 2015 was primarily the result of a shift in product mix of $1.1 million, as the company sold a higher number of its C1000 Series systems and includes revenue that was recognized without associated direct material costs from prior periods, lower warranty expense of $0.2 million and lower production and service center overhead expenses of $0.1 million. The positive impact of these factors was partially offset by the adverse impact of an increase in royalty expense of $0.1 million.
Research & Development expenses for the first quarter of fiscal 2016 were $2.4 million, compared with $2.3 million for the first quarter of fiscal 2015.
Selling, General & Administrative expenses for the first quarter of fiscal 2016 were $8.1 million, which includes $0.5 million of severance and other one-time termination benefit charges, compared with $7.8 million for the first quarter of fiscal 2015.
For earnings history and earnings-related data on Capstone Turbine (CPST) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- L3Harris Technologies (LHX) Tops Q1 EPS by 15c; raises guidance
- COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!