CPST - Capstone Turbine reports preliminary Q2 positive cash from operations

Capstone Turbine (CPST) +2.3% pre-market as preliminary FQ2 financial results show positive cash generated from operations and total cash on hand increased to $16.7M from $16.2M in the prior quarter.Capstone says its increased focus on developing an Energy as a Service business around its core microturbine technology should lead to more predictable and stable quarterly cash flows, despite variability in product orders and backlog due to impacts from COVID-19 and oil prices.The company recently reported success in the European energy efficiency market with three separate orders for 10 C65 microturbines, totaling 650 kw.

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Capstone Turbine reports preliminary Q2 positive cash from operations