Capstone Green Energy Holdings, Inc. reported its financial results for the second quarter of fiscal 2025, ending on September 30, 2024, highlighting improvements in revenue, gross profit, and net loss reduction. Capstone’s focus on financial discipline, sustainable growth, and operational excellence aims to strengthen overall performance.
For Q2 fiscal 2025, revenue totaled $22.7 million, down from $28.4 million in the prior year, partly due to fiscal 2024 restructuring. The company secured a major international product sale, adding $2.9 million to revenue and boosting gross margin by 2.2% for the quarter.
Key Highlights for Q2 Fiscal 2025:
- Gross Profit: Reached $7.0 million (31% margin), up from $5.3 million (19% margin) in Q2 fiscal 2024, driven by stronger product sales and Parts, Services, and Rentals performance.
- Net Loss: Improved to $0.4 million, a 93% improvement over last year’s $5.9 million loss.
- Adjusted EBITDA: Increased to $3.8 million from $1.8 million in the prior year due to higher gross margin and reduced expenses.
- Cash Position: $2.7 million as of September 30, 2024, up $0.6 million from March 31, 2024.
Year-to-Date Fiscal 2025 Highlights:
- Gross Profit: Totaled $10.8 million (28% margin), up from $8.7 million (17% margin) in fiscal 2024.
- Net Loss: Reduced to $4.4 million from $11.6 million, attributed to improved profitability and lower expenses.
- Adjusted EBITDA: Significantly rose to $4.6 million from $0.4 million year-to-date in fiscal 2024.
- Operating Cash Flow: Generated $0.9 million, an improvement of $10.3 million over last year.
Capstone remains compliant with financial covenants and is progressing with its application to list common stock on an over-the-counter market. CFO John Juric attributed the improvements to strategic initiatives enhancing profit margins and commercial discipline. CEO Vince Canino expressed optimism about Capstone’s ongoing efforts to maintain operational excellence and adapt to changing business conditions, aiming for long-term, sustainable growth.
