Capstone Green Energy Corp (fka CGRNQ)

[Wild-bill]

Hillzman: I thought you were right and I had the right calendar year but wrong fiscal year? So no BPC revenues in FY '16 ... But wait!

The key piece being the two quotes from the below CC transcripts Q&A Q4 '15 CC & Q4 '16 (today's).

This makes me think they just are not breaking out BPC recoveries and leaving us in the dark (nothing new there I guess).

March 02, 2016 Capstone Resumes Product Shipments to Russian Distributor BPC Engineering

And from the Q4 2015 CC transcript, { ... and the $0.7 million of products shipped to BPC that was recorded in fiscal 2015 our adjusted loss from operations ... } and [emphasis added] { ... That being said, they’ve made some payments already in the first quarter. We expect more payments by the end of June. We expect to reverse some of the product that we shift and take revenue on it from last quarter as well as probably get some recovery on the bad debt reserve. }

Capstone Turbine's (CPST) CEO Darren Jamison on Q4 2015 Results - Earnings Call Transcript

From Q4 '16 CC transcript, { ... Eric Stine ... and also just an update on BPC. Were there any shipments in the quarter, and any work-down of that $7.1 million in bad debt?

... Darren Jamison

Yes, we had a small amount of shipments in Q4. We are anticipating about $2 million in Q1. ... for each megawatt shipped or every spare parts shipped, he's got to pay cash upfront and an overage of 15% to go up against the credit line. ... And we still have some revenues that we didn't take on BPC that's still coming down.

Capstone Turbine's (CPST) CEO Darren Jamison on Q4 2016 Results - Earnings Call Transcript

Bill