Capstone Green Energy Q1 FY2023 revenue $18.7M, positive Adjusted EBITDA $0.4M

Capstone Energy Plus, Inc.

2023-Q1 EPS reported -$0.13 revenue$18,652,000

Revenue $18.7M, up 18% sequentially and 16% YoY; gross margin improved to 25% from 6% prior quarter.
Net loss narrowed to $2.1M from $6.9M prior quarter; positive Adjusted EBITDA of $0.4M vs negative $4.7M prior.
EaaS long-term rental units under contract grew 241% YoY to 34.4 MW.
Product backlog $24.8M, book-to-bill 1.4:1; cash $16.9M down from $22.6M.

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