I understand your frustration. I have been here longer than you.
But, the stock hit $2.62 less than 5 months ago. It was a great opportunity to take profits. There have been other such times.
CPST has been on the edge of breakeven(-1) for quite awhile and only missed targets recently because of historical events, imo.
Recently:
World economic crash
Euro Debt Crisis
Arab Spring
Japan Tsunami
Russia invasion of Ukraine
Syrian war
Israeli/ Gaza
North Korea
Not to mention that even now Germany and Italy are in financial trouble, France is stagnant, China is slowing down along with Japan, and Russia is ignoring her hurt....
And CPST continues to grow and capture more sales and is narrowly close to breakeven.
I read the compensation packages as well. The compensation packages are adapted from the Radford's Global Technology Survey of executive assessments based on, they are not arbitrary or inflated, imio.
CPST is compared to 16 other companies with comparable target revenue and market capitalization which includes Plug Power Inc. and FuelCell Energy, Inc.
All the incentives are performance based when specific company goals are reached.
Financial Highlights were for compensation consideration:
-Revenue increased $5.5 Million annually to $133.1 million 2014
-Cash Flow used in operating activities decreased $1.7 million annually for %15.4 million.
-CPST decreased net loss by 28% to $16.3 million and decreased its net loss per share by 29% to $.0.05 compare to prior year.
- Year-end backlog increased 15% of prior year.
Jamison's compensation package:
_Base salary increased only $13,500( from .He was None for next year.
_ He only received $19,843 in incentives out of the possible $464,000 in incentives if he had received 100%.
-He also receives stock options that he must purchase with his own money if wanted.
-His total compensation will consist of 43% cash and 57% stocks. Holding the stock gives him incentives to work harder.
Other executive Officers compensation packages also comparable to the other companies:
Mr. Reich received a base raise of $8,000.
Mr. Crouse received a base raise of $5,000.
Ms. Brooks received a base reward $ 5.968
Compensation for these Officers were: that CPST had achieved a revenue of $122.1 million just above the intermediate level, but below company target and cash flow of ($6.5 Million)just abo e the threshold level.
Incentives authorized were minimum levels except for Crouse:
Jamison:$19,843
Reich: $6,468
Ms. Brooks: $2,822
Mr. Crouse EVP of Sales and Marketing:
Received cash incentive awards of $55,725 for his achievements.
The Directors also get Compensation packages though much smaller.
These minimal numbers that were awarded seem very fair to me given the growth CPST has achieved, even though not reaching profitability at the moment, but profitability is still very close, imo.
The complete, unshipped turbines are expected to be delivered by the end of the year.
The beat goes on.
