Capstone Turbine -8% after incomplete quarterly results

|About: Capstone Turbine Corporation (CPST)|By:, SA News Editor

Capstone Turbine (CPST -8.8%) tumbles in early trade after reporting a $0.20 FY 2018 loss vs. a $0.79 loss in the prior year, with revenues +7% Y/Y to nearly $83M, but the company does not issue earnings or revenue results for the latest quarter.

Among FQ4 highlights that are presented: 23% total gross margin is highest in company history, 1.4:1 book-to-bill ratio is the strongest since Q2 2014, and adjusted EBITDA came in positive for the second straight quarter.

Adjusted EBITDA for FY 2018 was -$5.2M, or a $0.10/share loss, vs. year-ago adjusted EBITDA of -$21.9M, or a $0.68/share loss.