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To: Sharck who started this subject	10/9/2001 5:02:38 PM
From: Devin123	Read Replies (2) of 37746

Capstone third quarter loss larger than expected 10/9/01 4:59 PM ET NEW YORK, Oct 9 (Reuters) - Capstone Turbine Corp. (CPST.O), a producer of microturbine power systems, on Tuesday projected a wider than expected third quarter loss. Reporting third quarter shipments of 80 power plants -- and saying 62 were capable of producing 30 kilowatts of electricity while 18 were 60 kilowatt systems -- Capstone said it expects to report revenue in the range of $3.2 million to $3.4 million and post a loss per share of between 16 cents and 18 cents. Analysts had expected to company to lose between 9 cents and 15 cents in the latest quarter, resulting in a consensus estimate of a 12 cent loss, according to Thomson Financial/First Call. Citing these preliminary third quarter results, Capstone said it had a negative gross margin of about $2.1 million in the quarter, primarily attributable to factory overhead costs being allocated over a fewer number of units compared with the first and second quarters of 2001. The company's cash burn rate was about $19 million for the quarter, attributable to an inventory build-up due to slower-than-anticipated sales.

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