Capstone Turbine (NASDAQ: CPST) reported annual losses that widened to 25 cents per share from 20 cents per share last year on lackluster revenue growth. On an annual basis, revenue grew just 1%, even as the company was expecting double-digit growth.
Meanwhile, the manufacturer of microturbine energy systems said its Q4 revenues grew 4% to $22 billion, surpassing the street view of $21.06 billion.
Product revenue increased 11% to $12.8 million, driven by the replacement of underperforming distributors in key markets and the overall continued maturation of the global distribution network.
Adjusted EBITDA loss was $2.2 million, compared to adjusted EBITDA of $0.1 million in the year ago period.
CPST shares rose 1.30% during aftermarket trading on Tuesday. The stock has lost 48% of its value over the past 12 months.
READ: 10 biggest US mergers & acquisitions announced so far in 2019
During the fourth quarter of fiscal 2019, Capstone shipped 11.8 megawatts and booked new gross product orders of approximately $18 million. This is compared with $15.4 million of new gross product orders booked during the year-ago period.
In April, the company had reported preliminary Q4 results, where it said quarterly product revenue improved 11% in Q4, lifting the total revenue up 4%.
Most Popular
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss