Capstone’s Fourth Quarter Earnings. On Thursday Capstone Turbine Corporation reported last quarter and fiscal 2012 results. The company revealed backlog for the quarter, record orders and revenue. But the leading clean technology maker of microturbine energy systems had net loss of four cents for each share adjusted against analysts’ forecast of two cents for each share. Revenue for the quarter was $30.1 million. The company succeeded in getting fresh orders of $122.5 million during 2012.
Revenue from gas and oil was 58% of total revenue which was higher by 39% as compared to the preceding year. Roughly 38% of revenue was generated from North America and 27% of revenue was generated from Russia. Analysts estimate revenue of $146 million and breaking even of the company in fiscal 2013 and earnings per share of $0.09 in 2014. Profitability would be the main landmark for Capstone after getting positive cash flow and gaining positive gross margins.
The company expects to increase selling prices and to improve the sales mix to bigger units. In order to improve margins, Capstone is focusing attention on cost cutting incentives. For the year, capacity utilization was just 35%. The company thinks that cost reductions as well as increased sales will take the company to profitability.Previous Post » Greece is Saved, Unfortunately Spain Still Exists