Last $0.71 USD
Change Today -0.0024 / -0.34%
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

capstone turbine corp (CPST) Key Developments

Capstone Turbine Receives Additional Micro Turbine Order for Mexican Gas Pipeline

Capstone Turbine announced a follow-on order for five C800 micro turbines for another phase of the Los Ramones pipeline in Northeastern Mexico.

Capstone Turbine Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015

Capstone Turbine announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, revenues were $30.1 million, down from $37 million reported for the same period last year. Net loss was $3.9 million, or $0.01 loss per basic and diluted share compared to $2.2 million, or $0.01 loss per basic and diluted share, for the third quarter of fiscal 2014. Loss from operations was $3.8 million, compared to $1.9 million for the third quarter of fiscal 2014. Cash used in operating activities was $1.8 million and capital expenditures totaled $0.2 million. This compares to cash used in operating activities of $3.8 million and $0.2 million in capital expenditures during the quarter ended December 31, 2013. Loss before income taxes was $3,922,000 against $2,101,000 a year ago. For the nine months, revenue was $85,592,000 against $96,667,000 a year ago. Loss from operations was $16,787,000 against $12,208,000 a year ago. Loss before income taxes was $17,158,000 against $12,758,000 a year ago. Net loss was $17,235,000 or $0.05 per basic and diluted share against $12,875,000 or $0.04 per basic and diluted share a year ago. The company provided earnings guidance for the fourth quarter of fiscal 2015. The company is anticipating a sequential increase in revenue and continued margin expansion in the fourth quarter based on backlog and the progress made on cost-saving initiatives. The company also have maintained expectation of reaching EBITDA positive and stock comp during the fourth quarter.

Capstone Turbine Corporation Receives an Order to Supply 15 C65 Microturbines for Shale Oil and Gas Customers in the US

Capstone Turbine Corporation has received an order to supply 15 C65 microturbines for shale oil and gas customers in the US. Horizon Power Systems, Capstone's exclusive oil and gas distributor for the Eagle Ford, Permian, Barnett, Mancos, San Juan, and Wattenberg Shale plays, secured the order to support the continued success in the US shale oil and gas market, despite the recent oil price decline. The order will serve various facets of the shale oil and gas production process including the powering of central processing stations, metering stations, well-head operation, and flare reduction. Capstone microturbines can be used in all phases of oil and gas production including upstream, midstream, and downstream operations in both onshore and offshore applications. Since many of these operations are situated in remote locations, Capstone microturbines align perfectly with the needs of oil and gas businesses to ensure they are successful in bringing natural gas to market.

Capstone Turbine Corporation to Supply Eight C65 Microturbines for Syracuse Vamc in New York

Capstone Turbine Corporation has received an order for eight C65 microturbines to upgrade the Syracuse VA Medical Center, or VAMC, in Syracuse, New York. GEM Energy, Capstone's distributor in New York, secured the order. The Albany office of CHA Companies is managing the design of the power plant, which has been commissioned by the Department of Veteran Affairs. The Syracuse VAMC chose clean-and-green Capstone microturbines to improve their energy efficiency and grid reliability, as well as reduce utility energy consumption. The eight natural gas powered microturbines will be used in an integrated combined heat and power (ICHP) application to produce 520kW of electricity and hot water for the medical center. With project constraints around available space for the CHP plant, Capstone's microturbines were a perfect fit with the least amount of noise and vibration. Capstone microturbines meet the strictest worldwide emissions standards and are ideal for mission critical businesses looking to utilize uncontaminated exhaust heat for cogeneration. The microturbine system will provide the Syracuse VAMC a solid economic return while reducing its carbon footprint and minimizing regular maintenance.

Capstone Turbine Corporation Receives Follow-On Order for Fifteen C65s from Horizon Power Systems for U.S. Shale Oil and Gas Customers

Capstone Turbine Corporation announced that it recently received an order for fifteen C65 microturbines for shale oil and gas customers in the United States. Horizon Power Systems, Capstone's exclusive oil and gas distributor for the Eagle Ford, Permian, Barnett, Mancos, San Juan, and Wattenberg Shale plays, secured the order to support the continued success in the U.S. shale oil and gas market, despite the recent oil price decline. The order will serve various facets of the shale oil and gas production process including the powering of central processing stations, metering stations, well-head operation, and flare reduction.

 

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