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Last Update: 12-Feb-13 07:48 ET
Capstone Turbine shares spike 15% following shipment data
Capstone Turbine (CPST $1.02 +0.14) announced its Shipments of 26.1 megawatts, compared to 23.5 megawatts year-over-year Gross margin doubled year-over-year, from $2.3 million to $4.6 million, or 14% of revenue. Gross margin for the third quarter of Fiscal 2013 was $4.6 million, or 14% of revenue, compared to $2.6 million, or 9% of revenue, for the second quarter of Fiscal 2013, and $2.3 million, or 8% of revenue, for the third quarter of Fiscal 2012. At December 31, 2012, cash and cash equivalents totaled $41.9 million, compared to $45.2 million at September 30, 2012 and $22.9 million at December 31, 2011. During the quarter ended December 31, 2012,Capstone used $3.9 million of cash in operating activities and spent $0.2 million in capital expenditures. This compares to cash used in operating activities of $6.2 million and $0.2 million in capital expenditures during the quarter ended December 31, 2011.
