Capstone Green Energy Holdings Files Q1 2023 10-Q

TL;DR

Capstone Green Energy Holdings filed its Q1 2023 10-Q. Financials and operations detailed.

AI Summary

Capstone Green Energy Holdings, Inc. filed its 10-Q for the period ending June 30, 2023. The company reported financial results and provided updates on its business operations. Key financial data and operational details are disclosed in this quarterly report.

Why It Matters

This filing provides investors with the latest financial performance and operational status of Capstone Green Energy Holdings, Inc., crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: medium — Quarterly reports can reveal significant financial shifts or operational challenges that impact stock value.

Key Numbers

• 0001558370-24-010758 — Accession Number (Unique identifier for the filing)
• 0001009759 — Central Index Key (Company's unique identifier with the SEC)

Key Players & Entities

• Capstone Green Energy Holdings, Inc. (company) — Filer of the 10-Q
• 20230630 (date) — End of the reporting period
• 20240805 (date) — Filing date
• Van Nuys, CA (location) — Company's business and mailing address

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share N/A N/A Indicate by chec

Filing Documents

• tmb-20230630x10q.htm (10-Q) — 1410KB
• tmb-20230630xex31d1.htm (EX-31.1) — 15KB
• tmb-20230630xex31d2.htm (EX-31.2) — 15KB
• tmb-20230630xex32.htm (EX-32) — 17KB
• 0001558370-24-010758.txt ( ) — 7757KB
• tmb-20230630.xsd (EX-101.SCH) — 78KB
• tmb-20230630_cal.xml (EX-101.CAL) — 61KB
• tmb-20230630_def.xml (EX-101.DEF) — 257KB
• tmb-20230630_lab.xml (EX-101.LAB) — 601KB
• tmb-20230630_pre.xml (EX-101.PRE) — 432KB
• tmb-20230630x10q_htm.xml (XML) — 1186KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of June 30, 2023 and March 31, 2023 3 Condensed Consolidated Statements of Operations for the Three Months Ended June 30, 2023 and 2022 4 Condensed Consolidated Statements of Stockholders' Deficiency for the Three Months Ended June 30, 2023 and 2022 5 Condensed Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2023 and 2022 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 4.

Controls and Procedures

Controls and Procedures 42

— OTHER INFORMATION

PART II — OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 44 Item 1A.

Risk Factors

Risk Factors 44 Item 5. Other Information 44 Item 6. Exhibits 46

Signatures

Signatures 47 2 Table of Contents

— FINANCIAL INFORMATIO N

PART I — FINANCIAL INFORMATIO N

Financial Statement s

Item 1. Financial Statement s CAPSTONE GREEN ENERGY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET S (In thousands, except share amounts) (Unaudited) June 30, March 31 , 2023 2023 Assets Current Assets: Cash and cash equivalents $ 5,815 $ 12,839 Accounts receivable, net of allowances of $ 4,378 as of June 30, 2023 and $ 4,813 at March 31, 2023 8,879 7,102 Inventories 34,838 37,328 Prepaid expenses and other current assets 8,084 7,447 Total current assets 57,616 64,716 Property, plant, equipment and rental assets, net 25,758 24,275 Finance lease right-of-use assets 4,389 4,529 Operating lease right-of-use assets 9,136 8,808 Non-current portion of inventories 3,343 3,112 Other assets 2,550 2,591 Total assets $ 102,792 $ 108,031 Liabilities and Stockholders' Deficiency Current Liabilities: Accounts payable and accrued expenses $ 34,288 $ 30,290 Accrued salaries and wages 1,393 1,223 Accrued warranty reserve 1,622 1,576 Deferred revenue 18,837 23,372 Finance lease liability, current 840 773 Operating lease liability, current 2,881 2,492 Factory protection plan liability 11,200 10,844 Term note payable 50,991 50,983 Total current liabilities 122,052 121,553 Deferred revenue, non-current 768 817 Finance lease liability, non-current 2,641 2,903 Operating lease liability, non-current 6,534 6,588 Other non-current liabilities 265 265 Total liabilities 132,260 132,126 Commitments and contingencies (Note 14) Stockholders' Deficiency Preferred stock, $ .001 par value; 1,000,000 shares authorized; none issued — — Common stock, $ .001 par value; 51,500,000 shares authorized, 18,551,478 shares issued and 18,425,693 shares outstanding at June 30, 2023; 18,511,555 shares issued and 18,394,541 shares outstanding at March 31, 2023 18 18 Additional paid-in capital 955,545 955,228 Accumulated d

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View this 10-Q filing on SEC EDGAR