Capstone Green Energy Corp (fka CGRNQ)

[CaptWhizbang]

I am sure that CPST is working through the orders and making the deliveries as required. Of course those delivery dates depend on the client's desired delivery dates and their ability to meet the billing requirements, not CPST's ability to deliver the product at a specific time.

Because of this, CPST can't power up production and then let the turbines sit on the dock just to clear the backlog, and then let the plant go dormant. Quarterly accounting of materials used, employee numbers and pay, etc., the revenue coming in from the deliveries is a delicate, balanced dance between a variety of issues that prevents wild swings in productivity that would threaten longevity of the company.

From 3Q CC:

Capstone built more C200 engines in the quarter than C65s for the first time in company history as we continue to ramp our C200 manufacturing output without adding additional direct labor or operating expenses.


Product shipments would've been higher for the quarter if not for the build constraints of the TA100 product as the TA100 manufacturing line was relocated, as previously planned, from Calnetix, Florida to the Capstone in California. However, I'm happy to report today that Capstone shipped the first California manufactured TA100 in late January and has plans to build at a rate of one per week for the balance of the quarter.

Our total product backlog increased to approximately $115 million or 130 megawatts. This continuing robust backlog puts Capstone in a very strong position to again deliver strong year-over-year revenue growth in both fiscal 2012 and sets us up very nicely for fiscal 2013.


The key metrics in Capstone's success are increasing C200 production rates, higher average selling prices, lower direct material costs and positive new order flow and of course, reduced cash usage. All these metrics continue to show improvement in the quarter with the exception of cash, which is somewhat of a challenge based on increased working capital demands on inventory and continued tightness in the European financial markets affecting receivable days outstanding, or DSO.

Collection for the quarter were lower than planned as one of our European distributors did not make their scheduled payment against their outstanding $1.9 million accounts receivables balance. As a result, Capstone booked a precautionary bad debt reserve of $1.9 million during the third quarter. I want to stress this is a noncash reserve, and it reflects as higher than usual SG&A expense for the third quarter.

http://seekingalpha.com/article/356861-capstone-turbine-s-ceo-discusses-q3-2012-results-earnings-call-transcript

Of course, CPST would love all the orders it can develope. As the world market improves, CPST will surely develope more sales. One C-1000 valued at more than $1 Million is not to be poo-pooed, imo.
In the last two months CPST received orders of 2 C-1000s, 1 C-800, 1 C-600, and 1 C-65. Also intended follow-on orders were acknowledged.

One can guesstimate the value of these sales by the following. Not bad for two months:

Capstone Turbine Gov, Price List

Microturbines & Crating
383-2 Capstone Microturbine 30R-BG4-BC00 C30, MEDBTU, GC INDPKG, CE $52,042.80
383-2 Capstone Microturbine 30R-BG4-BO00 C30, MEDBTU, GC INDPKG $51,033.35
383-2 Capstone Microturbine 30R-DD4-BO00 C30, LIQ, DM, INDPKG $65,502.15
383-2 Capstone Microturbine 30R-DG4-BO00 C30, LIQ, GC, INDPKG $56,641.41
383-2 Capstone Microturbine 30R-FD4-BO00 C30, LPNG, DM, INDPKG $65,838.63
383-2 Capstone Microturbine 30R-FG4-BO00 C30, LPNG, GC, INDPKG $56,977.89
383-2 Capstone Microturbine 30R-HD4-BO00 C30, HPNG, DM, INDPKG $57,202.22
383-2 Capstone Microturbine 30R-HG4-BO00 C30, HPNG, GC, INDPKG $48,341.48
383-2 Capstone Microturbine 65C-BG4-SC00 CR65, DIGSTR GAS, GC INDPKG, SS HRM, CE $109,132.86
383-2 Capstone Microturbine 65C-BG4-SH00 CR65, DIGSTR GAS, GC, INDPKG, SS HRM, UL, CARB $108,908.53
383-2 Capstone Microturbine 65C-BG4-SU00 CR65, DIGSTR GAS, GC INDPKG, SS HRM, UL $107,226.12
383-2 Capstone Microturbine 65C-HD4-DH00 C65, ICHP, HPNG, DM, INDPKG, UL, CARB $121,694.91
383-2 Capstone Microturbine 65C-HD4-DU00 C65, ICHP, HPNG, DM, INDPKG, UL $112,834.18
383-2 Capstone Microturbine 65C-HD4-DUN0 C65,ICHP,HPNG,DM,INDPKG,UL,NY $114,067.95
383-2 Capstone Microturbine 65C-HD4-SU00 C65, SS, HRM, HPNG, DM, INDPKG, UL $116,086.85
383-2 Capstone Microturbine 65C-HG4-DH00 C65, SS, HRM, HPNG, GC, INDPKG, UL CARB $106,440.99
383-2 Capstone Microturbine 65C-HG4-DU00 C65, ICHP, HPNG, GC, INDPKG, UL $97,580.25
383-2 Capstone Microturbine 65C-HG4-DUN0 C65,ICHP,HPNG,GC,INDPKG,UL,NY $98,814.03
383-2 Capstone Microturbine 65C-HG4-SU00 C65, SS, HRM, HPNG, GC, INDPKG, UL $100,832.93
383-2 Capstone Microturbine 65R-AG4-BC00 CR65, LANDFIL GAS, GC, INDPKG, CE $91,860.03
383-2 Capstone Microturbine 65R-AG4-BH00 CR65,LANDFILL GAS, GC, INDPKG, UL, CARB $91,635.71
383-2 Capstone Microturbine 65R-AG4-BU00 CR65, LANDFIL GAS, GC, INDPKG, UL $89,953.29
383-2 Capstone Microturbine 65R-BG4-BC00 CR65, DIGSTR GAS, GC, INDPKG,CE $91,860.03
383-2 Capstone Microturbine 65R-BG4-BH00 CR65, DIGSTR GAS, GC, INDPKG, UL, CARB $91,635.71
383-2 Capstone Microturbine 65R-BG4-BU00 CR65, DIGSTR GAS, GC, INDPKG,UL $89,953.29
383-2 Capstone Microturbine 65R-DD4-BO00 C65, LIQ, DM INDPKG $111,712.56
383-2 Capstone Microturbine 65R-DG4-BO00 C65, LIQ, GC, INDPKG $96,458.64
383-2 Capstone Microturbine 65R-HD4-BU00 C65, HPNG, DM, INDPKG, UL $98,814.03
383-2 Capstone Microturbine 65R-HD4-BUN0 C65,HPNG,DM,INDPKG,UL,NY $100,047.80
383-2 Capstone Microturbine 65R-HG4-BU00 C65, HPNG, GC, INDPKG, UL $83,560.10
383-2 Capstone Microturbine 65R-HG4-BUN0 C65,HPNG,GC,INDPKG,UL,NY $84,793.87
383-2 Capstone Microturbine 200C-FD4-SH00 C200, SS HRM, LPNG, DM, INDPKG, UL, CARB $429,016.62
383-2 Capstone Microturbine 200C-FG4-SH00 C200, SS HRM, LPNG, GC, INDPKG, UL, CARB $390,881.81
383-2 Capstone Microturbine 200R-BG4-BC00 C200, Digstr Gas, GC INDPKG, CE $305,414.97
383-2 Capstone Microturbine 200R-BG4-BH00 C200, Digstr Gas, GC INDPKG, UL CARB $305,078.49
383-2 Capstone Microturbine 200R-BG4-BU00 C200, Digstr Gas, GC INDPKG, UL $299,694.75
383-2 Capstone Microturbine 200R-FD4-BU00 C200, LPNG, DM INDPKG, UL $364,075.28
383-2 Capstone Microturbine 200R-FG4-BU00 C200, LPNG, GC INDPKG, UL $325,940.47
383-2 Capstone Microturbine 200R-HD4-BU00 C200, HPNG, DM, INDPKG, UL $319,995.93
383-2 Capstone Microturbine 200R-HG4-BU00 C200, HPNG, GC, INDPKG, UL $281,861.12
383-2 Capstone Microturbine 600R-BG4-BC00 C600, Digstr Gas, GC INDPKG, CE $768,640.77
383-2 Capstone Microturbine 600R-BG4-BU00 C600, Digstr Gas, GC INDPKG, UL $750,470.65
383-2 Capstone Microturbine 600R-FD4-BU00 C600, LPNG, DM INDPKG, UL $911,421.98
383-2 Capstone Microturbine 600R-FG4-BU00 C600, LPNG, GC INDPKG, UL $815,972.80
383-2 Capstone Microturbine 600R-HD4-BU00 C600, HPNG, DM, INDPKG, UL $801,167.52
383-2 Capstone Microturbine 600R-HG4-BU00 C600, HPNG, GC, INDPKG, UL $705,718.33
383-2 Capstone Microturbine 800R-BG4-BC00 C800, Digstr Gas, GC INDPKG, CE $952,697.31
383-2 Capstone Microturbine 800R-BG4-BU00 C800, Digstr Gas, GC INDPKG, UL $928,134.01
383-2 Capstone Microturbine 800R-FD4-BU00 C800, LPNG, DM INDPKG, UL $1,126,995.83
383-2 Capstone Microturbine 800R-FG4-BU00 C800, LPNG, GC INDPKG, UL $1,009,226.56
383-2 Capstone Microturbine 800R-HD4-BU00 C800, HPNG, DM, INDPKG, UL $990,607.80
383-2 Capstone Microturbine 800R-HG4-BU00 C800, HPNG, GC, INDPKG, UL $872,838.53
383-2 Capstone Microturbine 1000R-BG4-BC00 C1000, Digstr Gas, GC INDPKG, CE $1,126,435.02
383-2 Capstone Microturbine 1000R-BG4-BU00 C1000, Digstr Gas, GC INDPKG, UL $1,095,702.85
383-2 Capstone Microturbine 1000R-FD4-BU00 C1000, LPNG, DM INDPKG, UL $1,330,568.42
383-2 Capstone Microturbine 1000R-FG4-BU00 C1000, LPNG, GC INDPKG, UL $1,191,376.36
383-2 Capstone Microturbine 1000R-HD4-BU00 C1000, HPNG, DM, INDPKG, UL $1,169,617.09
383-2 Capstone Microturbine 1000R-HG4-BU00 C1000, HPNG, GC, INDPKG, UL $1,030,425.03
383-2 Capstone Microturbine 30R-DD4-BC00 C30,LIQ,DM,INDPKG,CE $66,511.60
383-2 Capstone Microturbine 30R-DG4-BC00 C30,LIQ,GC,INDPKG,CE $57,650.86
383-2 Capstone Microturbine 30R-HD4-BC00 C30,HPNG,DM,INDPKG,CE $58,211.67
383-2 Capstone Microturbine 30R-HD4-H000 C30,HPNG,DM,HH PKG $66,735.92
383-2 Capstone Microturbine 30R-HD4-HC00 C30,HPNG,DM,HH PKG, CE $67,745.37
383-2 Capstone Microturbine 30R-HD4-ZAG0 C30,HPNG,DM,SS PKG,ATEX,W/GAS DET $191,010.54
383-2 Capstone Microturbine 30R-HD4-ZAT0 C30,HPNG,DM,SS PKG,ATEX,W/GAS & TEMP DET $194,375.38
383-2 Capstone Microturbine 30R-HD4-ZJG0 C30,HPNG,DM,SS PKG,CID2,W/GAS DET $190,001.09
383-2 Capstone Microturbine 30R-HD4-ZJT0 C30,HPNG,DM,SS PKG,CID2,W/GAS & TEMP DET $193,365.92
383-2 Capstone Microturbine 30R-HG4-BC00 C30,HPNG,GC,INDPKG,CE $49,350.93
383-2 Capstone Microturbine 30R-SD4-B000 C30,HPSG,DM,INDPKG $60,454.89
383-2 Capstone Microturbine 30R-SD4-BC00 C30,HPSG,DM,INDPKG,CE $61,464.34
383-2 Capstone Microturbine 30R-SD4-H000 C30,HPSG,DM,HH PKG $69,988.59
383-2 Capstone Microturbine 30R-SD4-HC00 C30,HPSG,DM,HH PKG,CE $70,998.05
383-2 Capstone Microturbine 30R-SG4-B000 C30,HPSG,GC,INDPKG $51,594.16
383-2 Capstone Microturbine 30R-SG4-BC00 C30,HPSG,GC,INDPKG,CE $52,603.61
383-2 Capstone Microturbine 65C-DD4-DC00 CR65,ICHP,LIQ,DM,INDPKG,CE $127,639.46
383-2 Capstone Microturbine 65C-DD4-DO00 C65, ICHP, LIQ, DM, INDPKG, UL $125,732.72
383-2 Capstone Microturbine 65C-DG4-DC00 CR65,ICHP,LIQ,GC,INDPKG,CE $112,385.53
383-2 Capstone Microturbine 65C-DG4-DO00 C65, ICHP, LIQ, DM, INDPKG, UL $110,478.79
383-2 Capstone Microturbine 65C-HD4-DC00 C65,ICHP,HPNG,DM,INDPKG,CE $114,740.92
383-2 Capstone Microturbine 65C-HD4-DL00 C65,ICHP,HPNG,DM,INDPKG,CARB EX,CE $123,601.65
383-2 Capstone Microturbine 65C-HD4-SC00 C65,SS,HRM,HPNG,DM,INDPKG,CE $117,993.59
383-2 Capstone Microturbine 65C-HG4-DC00 C65,ICHP,HPNG,GC,INDPKG,CE $99,486.99
383-2 Capstone Microturbine 65C-HG4-DL00 C65,ICHP,HPNG,GC,INDPKG,CARB EX,CE $108,347.73
383-2 Capstone Microturbine 65C-HG4-SC00 C65,SS,HRM,HPNG,GC,INDPKG,CE $102,739.67
383-2 Capstone Microturbine 65C-PD4-DC00 C65,ICHP,PROPANE,DM,INDPKG,CE $115,862.53
Pinnacle Government Sales, Inc.
[phone] GS-07F-9281S Page 7
SIN Manufacturer Vendor Part No Description GSA Price
383-2 Capstone Microturbine 65C-PD4-DU00 C65, ICHP, PROPANE, DM, INDPKG, UL $113,955.79
383-2 Capstone Microturbine 65C-PG4-DC00 C65,ICHP,PROPANE,GC,INDPKG,CE $100,608.60
383-2 Capstone Microturbine 65C-PG4-DU00 C65, ICHP, PROPANE, GC, INDPKG, UL $98,701.86
383-2 Capstone Microturbine 65R-DD4-BC00 C65,LIQ,DM,INDPKG,CE $113,619.30
383-2 Capstone Microturbine 65R-DG4-BC00 C65,LIQ,GC,INDPKG,CE $98,365.38
383-2 Capstone Microturbine 65R-HD4-BC00 C65,HPNG,DM,INDPKG,CE $100,720.77
383-2 Capstone Microturbine 65R-HD4-HC00 C65,HPNG,DM,HH PKG,CE $119,451.69
383-2 Capstone Microturbine 65R-HD4-HU00 C65,HPNG,DM,HH PKG,UL $117,544.95
383-2 Capstone Microturbine 65R-HD4-ZAG0 C65,HPNG,DM,SS PKG,ATEX,W/GAS DET $247,203.30
383-2 Capstone Microturbine 65R-HD4-ZAT0 C65,HPNG,DM,SS PKG,ATEX,W/GAS & TEMP DET $251,016.79
383-2 Capstone Microturbine 65R-HD4-ZJG0 C65,HPNG,DM,SS PKG,CID2,W/GAS DET $245,296.56
383-2 Capstone Microturbine 65R-HD4-ZJT0 C65,HPNG,DM,SS PKG,CID2,W/GAS & TEMP DET $249,110.05
383-2 Capstone Microturbine 65R-HG4-BC00 C65,HPNG,GC,INDPKG,CE $85,466.84
383-2 Capstone Microturbine 65R-PD4-BC00 C65,PROPANE,DM,INDPKG,CE $101,842.38
383-2 Capstone Microturbine 65R-PD4-BU00 C65, PROPANE, DM, INDPKG, UL $99,935.64
383-2 Capstone Microturbine 65R-PG4-BC00 C65,PROPANE,GC,INDPKG,CE $86,588.45
383-2 Capstone Microturbine 65R-PG4-BU00 C65, PROPANE, GC, INDPKG, UL $84,681.71
383-2 Capstone Microturbine 200R-AG4-BC00 C200,LANDFILL GAS, GC, INDPKG, CE $305,414.97
383-2 Capstone Microturbine 200R-AG4-BH00 C200,LANDFILL GAS, GC, INDPKG, UL, CARB $305,078.49
383-2 Capstone Microturbine 200R-AG4-BU00 C200,LANDFILL GAS, GC, INDPKG, UL $299,694.75
383-2 Capstone Microturbine 200R-FD4-BC00 C200,LPNG,DM,INDPKG,CE $369,795.51
383-2 Capstone Microturbine 200R-FG4-BC00 C200,LPNG,GC,INDPKG,CE $331,660.70
383-2 Capstone Microturbine 200R-HD4-BC00 C200,HPNG,DM,INDPKG,CE $325,716.15
383-2 Capstone Microturbine 200R-HG4-BC00 C200,HPNG,GC,INDPKG,CE $287,581.34
383-2 Capstone Microturbine 600R-AG4-BC00 C600,LANDFILL GAS, GC, INDPKG, CE $768,640.77
383-2 Capstone Microturbine 600R-AG4-BU00 C600,LANDFILL GAS, GC, INDPKG, UL $750,470.65
383-2 Capstone Microturbine 600R-FD4-BC00 C600,LPNG,DM,INDPKG,CE $929,592.10
383-2 Capstone Microturbine 600R-FG4-BC00 C600,LPNG,GC,INDPKG,CE $834,142.91
383-2 Capstone Microturbine 600R-HD4-BC00 C600,HPNG,DM,INDPKG,CE $819,337.63
383-2 Capstone Microturbine 600R-HG4-BC00 C600,HPNG,GC,INDPKG,CE $723,888.44
383-2 Capstone Microturbine 600R-XXX-HXXX High Humidity Package Adder $92,981.64
383-2 Capstone Microturbine 800R-AG4-BC00 C800,LANDFILL GAS, GC, INDPKG, CE $952,697.31
383-2 Capstone Microturbine 800R-AG4-BU00 C800,LANDFILL GAS, GC, INDPKG, UL $928,134.01
383-2 Capstone Microturbine 800R-FD4-BC00 C800,LPNG,DM,INDPKG,CE $1,151,559.13
383-2 Capstone Microturbine 800R-FG4-BC00 C800,LPNG,GC,INDPKG,CE $1,033,789.86
383-2 Capstone Microturbine 800R-HD4-BC00 C800,HPNG,DM,INDPKG,CE $1,015,171.10
383-2 Capstone Microturbine 800R-HG4-BC00 C800,HPNG,GC,INDPKG,CE $897,401.83
383-2 Capstone Microturbine 800R-XXX-HXXX High Humidity Package Adder $97,692.41
383-2 Capstone Microturbine 1000R-AG4-BC00 C1000,LANDFILL GAS, GC, INDPKG, CE $1,126,435.02
383-2 Capstone Microturbine 1000R-AG4-BU00 C1000,LANDFILL GAS, GC, INDPKG, UL $1,095,702.85
383-2 Capstone Microturbine 1000R-FD4-BC00 C1000,LPNG,DM,INDPKG,CE $1,361,300.59
383-2 Capstone Microturbine 1000R-FG4-BC00 C1000,LPNG,GC,INDPKG,CE $1,222,108.53
383-2 Capstone Microturbine 1000R-HD4-BC00 C1000,HPNG,DM,INDPKG,CE $1,200,349.26
383-2 Capstone Microturbine 1000R-HG4-BC00 C1000,HPNG,GC,INDPKG,CE $1,061,157.20