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 Thursday morning, Capstone Turbine provided investors an early look at the company's upcoming Q2/FY2020 results:
- total preliminary revenue of $20.7 million.
- book-to-bill ratio of 1.0:1
- total cash and cash equivalents as of September 30, 2019, are estimated to be $20.9 million, compared to $24.6 million as of June 30, 2019.
While revenue was up by 8% sequentially, the company's top line actually came in well below consensus expectations of