First, we delivered record revenue of $109.4 million, up 34% year-over-year. We have now delivered consecutive quarterly revenue growth over the last 20 quarters when compared to the same period in the prior year and a compounded annual growth rate of 39% since fiscal 2007.
Second, we delivered positive gross margins of 5% for fiscal 2012, up 6 percentage points over fiscal 2011 and up 19 percentage points over fiscal 2010. Fiscal 2012 was the first year in the company's long history with positive gross margins in all 4 quarters
Third, accelerating order momentum drove record backlog of $139 million at March 31, 2012, up 31% year-over-year and reflecting a compounded annual growth rate of approximately 34% since 2009. In fiscal 2012, we received new orders of $123 million, up 42% year-over-year. Shipments totaled 96.1 megawatts, up from 69.7 megawatts in fiscal 2011.
IMO,the rotten economy, market place daily action, Institutional Holders and Shorters, stock traders, etc., etc. are more responsible for the daily manipulation of the PPS rather than the company's growth and performance.
In between those 6 years you mention, there has been several HUGE spikes of price, the max at $4.42, more recently above $2.15, when gross margins were rotten. Today, CPST is near the tipping point where this year should show profitability. Big difference, I think.