Edited Transcript of CPST earnings conference call or presentation 9-Jul-20 8:45pm GMT [Yahoo! Finance News]
CAPSTONE TURBINE (CPST)
Last capstone turbine earnings: 2/6 04:15 pm
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Source: Yahoo! Finance News
First and foremost, as you can see from Slide 3 in today's presentation, our preliminary financial results show us on track to achieve our goal of positive adjusted EBITDA for the June quarter, which is extremely exciting news. While we will not have the final results until our books are closed in early August and our financial review and external audit is completed, the preliminary results indicate an extremely significant improvement when compared to the fourth quarter that ended March 31, 2020, and last year's first quarter ended on June 30, 2019. The significant financial improvements are being driven by the work we have put into lowering our operating expenses in combination with improving aftermarket business margins and a modest rebound in product shipments versus the fourth quarter of fiscal 2020.Now let's go ahead and turn to Slide 4 of the presentation. Slide 4 reminds investors of the Capstone positive adjusted EBITDA initiatives of the past 2 years that are now coming to f
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