Capstone Green Energy Holdings Files 2024 10-K
Ticker: CGEH · Form: 10-K · Filed: Sep 27, 2024 · CIK: 1009759
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Capstone Green Energy filed its 2024 10-K. Financials look solid, check retained earnings.
AI Summary
Capstone Green Energy Holdings, Inc. filed its 10-K for the fiscal year ending March 31, 2024. The company, formerly known as Capstone Turbine Corp, reported financial results and provided updates on its business operations. The filing details its financial position, including common and preferred stock information, and retained earnings as of March 31, 2024.
Why It Matters
This filing provides investors with a comprehensive overview of Capstone Green Energy's financial health and operational performance for the fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Numbers
- 18540789 — Total Assets (Indicates the total value of assets owned by the company as of the fiscal year end.)
- 508475 — Total Liabilities (Represents the total amount of debt and other obligations the company owes.)
Key Players & Entities
- Capstone Green Energy Holdings, Inc. (company) — Filer of the 10-K
- Capstone Turbine Corp (company) — Former name of the filer
- 2024-03-31 (date) — Fiscal year end
- 2024-09-27 (date) — Filing date
FAQ
What were Capstone Green Energy's total assets as of March 31, 2024?
The company's total assets were $18,540,789 as of March 31, 2024.
What were Capstone Green Energy's total liabilities as of March 31, 2024?
The company's total liabilities were $508,475 as of March 31, 2024.
When did Capstone Green Energy Holdings, Inc. change its name from Capstone Turbine Corp?
The company changed its name from Capstone Turbine Corp on February 3, 2010.
What is the fiscal year end for Capstone Green Energy Holdings, Inc.?
The fiscal year end for Capstone Green Energy Holdings, Inc. is March 31.
What is the filing date for this 10-K report?
This 10-K report was filed on September 27, 2024.
Filing Stats: 4,358 words · 17 min read · ~15 pages · Grade level 16.5 · Accepted 2024-09-26 18:10:52
Key Financial Figures
- $0.001 — 0,789 shares of common stock, par value $0.001 per share, and 508,475 shares of non-vo
Filing Documents
- tmb-20240331x10k.htm (10-K) — 2635KB
- tmb-20240331xex31d1.htm (EX-31.1) — 15KB
- tmb-20240331xex31d2.htm (EX-31.2) — 15KB
- tmb-20240331xex32.htm (EX-32) — 11KB
- tmb-20240331xex97d1.htm (EX-97.1) — 76KB
- 0001558370-24-013052.txt ( ) — 10814KB
- tmb-20240331.xsd (EX-101.SCH) — 94KB
- tmb-20240331_cal.xml (EX-101.CAL) — 99KB
- tmb-20240331_def.xml (EX-101.DEF) — 288KB
- tmb-20240331_lab.xml (EX-101.LAB) — 742KB
- tmb-20240331_pre.xml (EX-101.PRE) — 517KB
- tmb-20240331x10k_htm.xml (XML) — 1602KB
Business
Business 4 Item 1A.
Risk Factors
Risk Factors 17 Item 1B. Unresolved Staff Comments 37 Item 1C. Cybersecurity 38 Item 2.
Properties
Properties 38 Item 3.
Legal Proceedings
Legal Proceedings 38 Item 4. Mine Safety Disclosures 40 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 41 Item 6. [Reserved] 42 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 43 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 52 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 52 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 52 Item 9A.
Controls and Procedures
Controls and Procedures 52 Item 9B. Other Information 54 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 54 PART III Item 10. Directors, Executive Officers and Corporate Governance 55 Item 11.
Executive Compensation
Executive Compensation 63 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 70 Item 13. Certain Relationships and Related Transactions, and Director Independence 73 Item 14. Principal Accounting Fees and Services 74 PART IV Item 15. Exhibits, Financial Statement Schedules 75 Item 16. Form 10-K Summary 75 1 Table of Contents EXPLANATORY NOTE All references in this Annual Report on Form 10-K to "the Company," "we," "us," "our," or "Capstone" are to Capstone Green Energy Corporation and its consolidated subsidiaries prior to the Effective Date (as defined below) and to Capstone Green Energy Holdings, Inc. and its consolidated subsidiaries following the Effective Date. As previously reported in the Current Report on Form 8-K and the 2023 10-K of the Capstone Green Energy Corporation and its wholly owned direct subsidiaries, Capstone Turbine International, Inc. and Capstone Turbine Financial Services, LLC (the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The Chapter 11 proceedings were jointly administered under the caption In re Capstone Green Energy Corporation, Inc., et al. as Case No. 23-11634 (the "Chapter 11 Cases"). Concurrent with the petition, the Debtors (i) entered into the Transaction Support Agreement ("TSA") with the pre-petition senior secured creditor, Broad Street Credit Holdings, LLC ("Broad Street"), and Goldman Sachs Specialty Lending Group, L.P. (the "Collateral Agent") and (ii) file a Joint Prepackaged Chapter 11 Plan of Reorganization of Capstone Green Energy Corporation and its Debtor Affiliates (the "Plan"). On October 24, 2023, in accordance with the TSA and the Plan, the Debtors filed a supplement to the Plan (the "Plan Supplement") which included schedules for enterprise valuations, assumed and rejected executory contract
Business
Item 1. Business. Overview Capstone is a provider of customized microgrid solutions, on-site resilient green Energy-as-a-Service ("EaaS") solutions and on-site energy technology systems focused on helping customers around the globe solve the "Energy Trilemma" of resiliency, sustainability, and affordability. We offer customers a range of commercial, industrial and utility scale options tailored to their specific needs ranging from 65 kilowatts ("kW") to multiple megawatts ("MW"). Capstone's product portfolio not only showcases our core microturbine technology but also includes flexible EaaS rental and service contracts. Through our EaaS business line, we offer build, own, operate and maintain ("BOOM") solutions, as well as energy rental solutions utilizing its microturbine energy, comprehensive service contracts that cover planned and unplanned maintenance, and factory-certified aftermarket spare parts. In our pursuit of cutting-edge solutions, we have forged strategic partnerships to extend our impact. Through these collaborations, we offer biomass and heat recovery solutions that enhance the sustainability and efficiency of our clients' operations, contributing to a cleaner and more responsible energy landscape. We develop, manufacture, market, sell and service microturbine-based technology solutions for use in stationary distributed power generation applications and distribution networks, including cogeneration (combined heat and power ("CHP"), integrated combined heat and power ("ICHP) and combined cooling, heat and power ("CCHP")), as well as renewable energy, natural resources, and critical power supply applications. Capstone microturbines allow customers to produce power on-site in parallel with the local electric grid or stand-alone when no local electric grid is available. Several technologies are used to provide "on-site power generation" (also called "distributed generation") such as reciprocating industrial engines (also known as internal combustion