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
Verizon Communications (VZ) Q1 2024 Earnings: Key financials and quarterly highlights
Verizon Communications Inc. (NYSE: VZ) reported first quarter 2024 earnings results today. Total operating revenue was $33 billion, up 0.2% from the same period last year. Net income attributable to
NextTrip stands out as one of the most descriptive names in travel sector: CEO
NextTrip, Inc. (NASDAQ: NTRP) is a technology-driven travel agency that offers travel booking and interactive travel media solutions. The online platform allows travelers to book accommodation and transportation services including
What to look for when American Airlines (AAL) reports Q1 2024 earnings results
Shares of American Airlines Group Inc. (NASDAQ: AAL) rose 1% on Friday. The stock has gained over 3% over the past three months. The airline is scheduled to report its first