CPST - Capstone Turbine sees Q3 revenue soar 38% sequentially and 18% Y/Y

Capstone Turbine (CPST) announced Q3 preliminary financial results, with revenue of $20.6M, up 38% sequentially, and +18% Y/Y.Total preliminary cash and cash equivalents increased to $32M as of December 31, 2020, compared to $16.8M at September 30, 2020, reflecting amendment of the Goldman Sachs Note Purchase Agreement on October 1, 2020.Q3 preliminary new gross product bookings were $10.5M up 7% sequentially. The product book-to-bill ratio decreased sequentially to 0.9:1 from 1.4:1 in the quarter as a result of the improved product shipments.Shares -0.87% AH.

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Capstone Turbine sees Q3 revenue soar 38% sequentially and 18% Y/Y