Earnings Roundup: Capstone Turbine Corporation (NASDAQ: CPST)

On Thursday, Capstone Turbine Corporation (NASDAQ: CPST) shares price traded between $1.14 and $1.17 during the last trading session downwards with -2.56% at $1.14. The shares recorded a trading volume 339,452 million shares as compared to its average volume of 662,792 shares. The company has 64.19M shares outstanding and market value of 73.181M. Over the one year trading period, the stock has a peak price of $1.90 and its down is recorded at $0.58. The short ratio in the (Ticker) stock is 3.76 and the short float is around of 4.17%.

Capstone Turbine Corporation (NASDAQ: CPST) financial results for its fourth quarter and the full fiscal year ended March 31, 2018.

Cash, cash equivalents and restricted cash increased $2.9M during the fourth quarter of fiscal 2018 to $19.4M as of March 31, 2018. This contrast to cash, cash equivalents and restricted cash of $19.7M as of March 31, 2017. Cash provided by operating activities for the fourth quarter of fiscal 2018 was $0.5M as contrast to cash used in operating activities of $3.3M in the third quarter of fiscal 2018 and $2.9M used in operating activities in the fourth quarter of fiscal 2017.

Total revenue for fiscal 2018 was $82.8M and the net loss for fiscal 2018 improved to $10.0M, or $.20 per share, on higher revenue contrast to fiscal 2017. Total revenue for fiscal 2017 was $77.2M and the net loss for fiscal 2017 was $25.2M, or $0.79 per share, in fiscal 2017. The weighted average shares outstanding for the year ended March 31, 2018, were 51.3M contrast with 32.1M in the year-before period.

Accessories, parts and service revenue increased 11% to a record high of $32.0M, or 39% of total revenue, in Fiscal 2018 contrast to $28.9M, or 37% of total revenue, in Fiscal 2017. Operating expenses for fiscal 2018 reduced 9% to $23.6M from $26.0M in the year-before period. Capstone had bad debt recoveries of about $1.1M and $1.5M each of fiscal 2018 and 2017, respectively. During the fourth quarter of fiscal 2018, the Company recorded about $0.9M in compensation expense in operating expenses with respect to its one-time Leadership Incentive Program.

The Adjusted EBITDA for the year ended March 31, 2018 was negative $5.2M, or a loss of $0.10 per share, contrast to an Adjusted EBITDA of negative $21.9M, or a loss of $0.68 per share, for the year ended March 31, 2017.

Capstone Turbine Corporation’s (CPST) price volatility for a month noted as 7.48% however its price volatility for a week documented as 5.86%. The corporation holds 63.04 million outstanding shares and its 63.03 million shares were floated in the market. The stock established a positive trend of 3.64% in last week and indicated fall of -22.97% in previous month.

 

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