Capstone Green Energy Corp (fka CGRNQ)

[BMGS]

Lets see how the numbers will be. Q4 preliminary numbers should come soon. Two things of interest below from the previous conference call in February.

- We had previously announced that we were expecting to see an expansion of our accessories, parts and service business over the next 2 quarters, with increased revenue and improved margins from last year's rates. I'm particularly pleased to say that the Q3 service margins were a record 41.6%, and they should remain in this range for Q4 and Q1 of the new fiscal year but then start to build over the next several quarters toward our final target goal of 50%, driven by the continued population growth of our new Signature Series product and the continued development of our spare parts remanufacturing program.

- During the third quarter of fiscal 2018, we recorded a $700,000 bad debt recovery in SG&A from our new Russian distributor. Under the agreement, our new Russian distributor had a payment of $1.8 million that was due on February 1, 2018. This payment has not yet been received, and we are currently in discussions with them regarding the timing of this payment.