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Capstone Turbine (CPST) Conference Call Highlights
The following conference call notes for Capstone (CPST) is provided courtesy of StreetInsider.com
- Growth in backlog exceeded internal forecasts
- In order to meet increased demand, may need to raise funds
- May not be able to utilize a line of credit due to failure to meet financial covenant relating to quarterly loss
- Experienced minor reduction in product backlog which company believes is impressive in this environment
- Increase in manufacturing costs related to product launches of C200 and C1000 systems along with decrease of C60 sales
- Company continues to reduce expenses and described 2010 as a year of further cost reduction and positive cash flow
- Not experiencing significant order cancellations
- C2000 and C1000 products continuing to gain market share
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