Capstone Loss Widens

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Capstone Turbine Corp. on Monday reported a third quarter loss, in part due to in manufacturing expenses and costs associated with the launch of new products.

After the market closed, Chatsworth-based Capstone reported a net loss of $10 million (-6 cents per share), compared with a loss of $7.7 million (-5 cents) a year ago. Revenue grew 25 percent to $11.5 million.

The company, with products including low-emission microturbine systems, had an order backlog of $57 million at the end of the quarter, up 13 percent from its second quarter and 335 percent higher than a year ago.

“We had another strong bookings quarter with over $14 million in new orders, despite the overall global market conditions,” Chief Executive Darren Jamison said in a statement.

The company last month installed its first C1000 micro-turbine at a Spanish textile group that makes synthetic yarns. The unit can run on liquid natural gas and other alternative fuels.

Capstone shares closed down 5 cents, or 5 percent, to 93 cents on the Nasdaq, and fell another 4 percent in after-market trading.

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