<!DOCTYPE html> <html> <head><title>Microturbine Search Engine Series | Capstone Turbine Publications | Capstone Turbine Reports Second Quarter of Fiscal 2016 Financial Results | 001</title></head><body> <meta name= "description"content=" Information Publications | Publications Search Engine | On Demand PDF Document Searches "/> <meta name="keywords"content="capstone turbine, microturbine, Capstone C30,Capstone C65,Capstone C200,Capstone C600,Capstone C800,Capstone C1000"/><a href="http://www.globalmicroturbine.com"><img src="logo.jpg"alt="Global Microturbine - Global Energy LLC "></a></p> <BR> Publication Title | Capstone Turbine Reports Second Quarter of Fiscal 2016 Financial Results<BR><p><b>Microturbine Search Engine Series </b></p><p>Capstone Turbine Publications search was updated real-time via Filemaker on:</p> <script type="text/javascript">tmonth=new Array("January","February","March","April","May","June","July","August","September","October","November","December"); function GetClock(){ d = new Date(); nday = d.getDay(); nmonth = d.getMonth(); ndate = d.getDate(); nyear = d.getYear(); if(nyear<1000) nyear=nyear+1900; document.getElementById('clockbox').innerHTML=""+tmonth[nmonth]+" "+ndate+", "+nyear+""; setTimeout("GetClock()", 1000); } window.onload=GetClock; </script> <div id="clockbox"></div></p><a href='../index.htm'> Capstone Turbine Publications | Return to Search List </a><BR><BR><p>Search Completed | Title | Capstone Turbine Reports Second Quarter of Fiscal 2016 Financial Results<BR> Original File Name Searched: 2015-11-05_Capstone_Turbine_Reports_Second_Quarter_of_Fiscal__3447.pdf | <a href="https://www.google.com/search?q=2015-11-05_Capstone_Turbine_Reports_Second_Quarter_of_Fiscal__3447.pdf">Google It</a></a> | <a href="https://www.yahoo.com/search?q=2015-11-05_Capstone_Turbine_Reports_Second_Quarter_of_Fiscal__3447.pdf">Yahoo</a></a> | <a href="https://www.bing.com/search?q=2015-11-05_Capstone_Turbine_Reports_Second_Quarter_of_Fiscal__3447.pdf">Bing</a></a> </p><p><br /></p><BR> Page Number: 001<BR><a href="capstone-microturbine-power-silica-manufacturer-italy-003.htm">Previous Page View</a> | <a href="capstone-turbine-reports-second-quarter-fiscal-2016-financial-results-002.htm">Next Page View</a><BR><TABLE border='1' style=width='1200'><TR><TD valign='top'> <p>Text | Capstone Turbine Reports Second Quarter of Fiscal 2016 Financial Results | 001</p><BR><BR><span style="" >November 5, 2015<br/><br/>Capstone Turbine Reports Second Quarter of Fiscal 2016 Financial Results<br/><br/>Conference Call and Webcast to be Held Today at 1:45 PM PT, 4:45 PM ET<br/><br/>CHATSWORTH, Calif., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, reported financial results for its second quarter of fiscal 2016 ended September 30, 2015.<br/><br/>Financial results are in line with the Company's revised expectations announced on October 1, 2015. Total revenue for the second quarter of 2016 was $17.9 million, and net loss was $7.9 million or $0.02 per share.<br/><br/>Darren Jamison, President and Chief Executive Officer of Capstone Turbine, said, &quot;As disappointed as we are in reporting financial results that were below our original internal and Street expectations, we are taking actions to expedite the shipment of orders that were left in finished goods from the second quarter and have accelerated our initiative to lower our cash burn by continuing to reduce our overall operating expenses.&quot;<br/><br/>The Company expects that its recent accelerated strategic initiatives, combined with its earlier actions this year to flatten the organization and its other ongoing cost-cutting measures, will result in lowering the overall quarterly EBITDA breakeven level from approximately $40 million in revenue per quarter to $30 million per quarter by April 2016, the beginning of its first quarter of fiscal 2017. Average revenue for the Company over the last 18 quarters was approximately $30 million, with revenue exceeding that level nine times and reaching at least $27 million, 13 out of the last 18 quarters. Based upon the new cost structure, which will reduce expenses by 25%, the Company would have been breakeven or very close 13 of the last 18 quarters.<br/><br/>&quot;As we wind down the final development efforts of the C200/C1000 program, and as our distribution channel matures, we approach the point where we can reduce our R&amp;D and SG&amp;A spend substantially going into the next fiscal year. We believe that this lower cost structure will allow us to size the business to essentially breakeven at revenue levels that we have hit many times before and will allow us to quickly reduce our cash usage next year,&quot; added Jamison.<br/><br/></span></TD><TD valign='top'><p>Image | Capstone Turbine Reports Second Quarter of Fiscal 2016 Financial Results</p><BR><BR><img src='../images/capstone-turbine-reports-second-quarter-fiscal-2016-financial-results-001.jpg' alt='capstone-turbine-reports-second-quarter-fiscal-2016-financial-results ' style='margin-left:20px;border-style:solid;border-width:1px;border-color:black;'> </TD></TR></TABLE><table border=1px solid blackstyle =width:50%> <tr> <td><b>Capstone Turbine For Sale </b>- Microturbine C30 C65 C200 C600 C800 C1000 - <a href="http://www.globalmicroturbine.com">Go to microturbine website</a> </td> </tr> </tr> </table> <p> </p> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-85515761-1', 'auto'); ga('send', 'pageview'); </script><address> <p>Search Engine Contact: <a href="mailto:greg@globalmicroturbine.com?subject="Microturbine">greg@globalmicroturbine.com</a></p><p><br /></p></body></html>