Note:
I have covered Capstone Turbine (NASDAQ:CPST) previously, so investors should view this as an update to my earlier articles on the company.
Six weeks ago, Capstone Turbine reported another disappointing set of quarterly results with revenues down both year-over-year and quarter-over-quarter as well as ongoing, material cash burn with cash and cash equivalents down to $16.7 million from $20.9 million at the end of O2/FY2020.
Keep in mind that the company is subject to a $12 million minimum liquidity covenant governing $30 million in expensive senior secured debt owed to a subsidiary