Capstone Green Energy Q2 revenue up 21% to $20.8M; net loss improves to $4.9M; EaaS rentals grow 168%

Capstone Energy Plus, Inc.

2023-Q2 EPS reported -$0.44 revenue$39,427,000

Revenue $20.8M (+21% YoY); product bookings $15.4M, backlog $28.9M.
Net loss $4.9M improved from $6.0M loss YoY; Adj. EBITDA -$2.2M, improved 19% YoY.
Gross margin fell to 11% from 25% due to $1.6M supply chain costs for C1000 enclosures/recuperators.
EaaS rental units under contract 34 MW (+168% YoY); rental revenue $1.8M (+200% YoY) at 72% margin.
Cash $23.8M after $7.3M public equity offering; plans price increase Jan 2023 to offset costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Capstone Energy Plus, Inc. reported second quarter ended September 30, 2022 results: revenue $20.8 million, net income Net loss of $4.9 million.

Period: second quarter ended September 30, 2022
Revenue: $20.8 million
Net income: Net loss of $4.9 million
Result: reported results

Exact text from the filing

execute on its Energy-as-a-Service (EaaS) business plan. Second Quarter and First Half Fiscal 2023 Highlights: ◾ Revenues for the second quarter ending September 30, 2022, were $20.8 million, up 11% from $18.7 million in revenue during the first quarter ended June 30, 2022, and up 21% from $17.2 million in the year-ago September quarter. ◾ Revenues for the first half

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Source: SEC EDGAR

accession 0001558370-22-017802

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