Capstone Turbine Corp. (CPST)

Capstone Turbine Corporation engages in developing, manufacturing, marketing, and servicing microturbine technology solutions. Its microturbine technology solutions are used in stationary distributed power generation applications, including cogeneration, resource recovery, and secure power. The microturbines are also used as generators for hybrid electric vehicle applications. It sells microturbine units, subassemblies, components, and various accessories, including rotary gas compressors with digital controls; heat recovery modules for CHP applications; dual mode controllers that allow automatic transition between grid connect and stand-alone modes; batteries with digital controls for stand-alone or dual-mode operations; power servers for multipacked installations; protocol converters for Internet access; packaging options; and miscellaneous parts, such as frames, exhaust ducting, and installation hardware. The company also remanufactures microturbine engines, as well as provides after-market parts and services. It sells its products to commercial, industrial, and utility users through distributors and original equipment manufacturers, as well as to distributors, authorized service companies, and end users in North America, Asia, the Pacific Rim, and European market, including Russia. The company was founded in 1988 and is based in Chatsworth, California.

For the three months ended 30 June 2006, Capstone Turbine Corporation's revenues rose 72% to $6.6M. Net loss fell 14% to $9.3M. Revenues reflect increased income from product shipments due to higher average unit price & change in product mix, increased revenue from accessories and services resulting from increased market acceptance. Lower loss reflects improved gross margin and higher interest income.