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To: J.F. who wrote (18623)8/9/2006 4:17:28 PM
From: Galirayo  Read Replies (1) | Respond to of 23958
 
Capstone Turbine Corporation Announces First Quarter Fiscal 2007 Results
Wednesday August 9, 4:00 pm ET
First Quarter Revenue of $6.6 Million Increases Over 70% From Prior Year Comparable Quarter
Gross Loss Improves 71 Points From Prior Year

Capstone's revenue for the fiscal 2007 first quarter was $6.6 million, representing an increase of over 70% from $3.8 million for the prior year comparable quarter. However, this represents a decrease of 13% from the fourth quarter fiscal 2006 revenue of $7.6 million.

"The year-over-year growth in revenue indicates that demand for microturbines is growing; however, new sales from the New York market are not increasing as quickly as originally planned. The delay in the MEA approval and extended product demonstrations have resulted in a longer than anticipated sales cycle. We remain confident that the New York market offers Capstone a substantial opportunity to grow; therefore, we have redoubled our efforts in this market," said Mark Gilbreth, Capstone's Interim President and CEO.

biz.yahoo.com