CPST - Capstone Turbine: Weak Preliminary Q4 Results But Still In Compliance With Debt Covenants
Note:
I have covered Capstone Turbine (NASDAQ:CPST) previously, so investors should view this as an update to my earlier articles on the company.
On Friday afternoon, ailing microturbine manufacturer Capstone Turbine reported very weak preliminary Q4/FY2020 results with revenues down 35% quarter-over-quarter and almost 50% year-over-year.
Two weeks ago, the company already warned investors on the COVID-19 pandemic adversely impacting its financial condition and results of operations.
Picture: C800 Signature Series Microturbine - Source: Company Website
In addition, the recent turmoil in the oil and gas markets has further added to the company's