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Saturday, Feb 4, 2023

Capstone Posts Loss for Q4, Year

Manufacturing and overhead costs connected with the launch of two new microturbines contributed to Capstone Turbine Corp. reporting a net loss for the fourth quarter. The Chatsworth-based company widened its net loss to $12 million, or $0.06 per diluted share, on revenues of $11.8 million. For the same period a year ago, the company had a net loss of $9.6 million loss, or $0.07 per diluted share. Capstone shipped 117 units in the fourth quarter, compared to 140 units for the prior year comparable quarter. For the full fiscal year, Capstone reported a net loss of $41.7 million, or $0.25 per diluted share, on revenues of $43.9 million. For the previous fiscal year, the company had a net loss of $36.1 million loss or $0.25 per diluted share, on revenues of $31.3 million. Mark R. Madler

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