Capstone Green Energy Q3 Filing Details Revenue and Stock Changes

TL;DR

Capstone Green Energy's Q3 filing shows $18.5M revenue for Sept quarter, $508K for Dec quarter. Stock details also updated.

AI Summary

Capstone Green Energy Holdings, Inc. filed its 10-Q for the period ending December 31, 2023. The company reported revenue of $18.5 million for the three months ended September 30, 2023, and $508,475 for the three months ended December 31, 2023. The filing also details changes in retained earnings and treasury stock for various periods within 2022 and 2023.

Why It Matters

This filing provides investors with a snapshot of Capstone Green Energy's financial performance and capital structure during the specified periods, crucial for understanding the company's operational health.

Risk Assessment

Risk Level: medium — The filing contains financial data that requires careful analysis to assess the company's financial health and future prospects, which can be inherently risky.

Key Numbers

• $18.5M — Revenue (Q3 2023) (Revenue generated in the three months ending September 30, 2023.)
• $0.5M — Revenue (Q4 2023) (Revenue generated in the three months ending December 31, 2023.)

Key Players & Entities

• Capstone Green Energy Holdings, Inc. (company) — Filer of the 10-Q
• 20231231 (date) — Period of report for the 10-Q
• $18,540,789 (dollar_amount) — Revenue for the three months ended September 30, 2023
• $508,475 (dollar_amount) — Revenue for the three months ended December 31, 2023
• 20240909 (date) — Filing date of the 10-Q

FAQ

Key Financial Figures

• $0.001 — hares of voting common stock, par value $0.001 per share, and 508,475 shares of non-vo

Filing Documents

• tmb-20231231x10q.htm (10-Q) — 1963KB
• tmb-20231231xex31d1.htm (EX-31.1) — 15KB
• tmb-20231231xex31d2.htm (EX-31.2) — 15KB
• tmb-20231231xex32.htm (EX-32) — 16KB
• 0001558370-24-012687.txt ( ) — 8850KB
• tmb-20231231.xsd (EX-101.SCH) — 82KB
• tmb-20231231_cal.xml (EX-101.CAL) — 75KB
• tmb-20231231_def.xml (EX-101.DEF) — 302KB
• tmb-20231231_lab.xml (EX-101.LAB) — 589KB
• tmb-20231231_pre.xml (EX-101.PRE) — 454KB
• tmb-20231231x10q_htm.xml (XML) — 1374KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of December 31, 2023 and March 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended December 31, 2023 and 2022 4 Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders' Deficiency for the Three and Nine Months December 31, 2023 and 2022 5 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 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 31 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 42 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 2. Unregistered Sales of Equity Securities and Use of Proceeds 44 Item 5. Other Information 44 Item 6. Exhibits 45

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 HOLDINGS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET S (In thousands, except share amounts) (Unaudited) December 31, March 31 , 2023 2023 Assets Current Assets: Cash and cash equivalents $ 3,866 $ 12,839 Accounts receivable, net of allowances of $ 4,366 at December 31, 2023 and $ 4,813 at March 31, 2023 5,617 7,102 Inventories 30,000 37,328 Prepaid expenses and other current assets 7,276 7,447 Total current assets 46,759 64,716 Property, plant, equipment and rental assets, net 26,578 24,275 Finance lease right-of-use assets 4,542 4,529 Operating lease right-of-use assets 13,227 8,808 Non-current portion of inventories 3,531 3,112 Other assets 3,110 2,591 Total assets $ 97,747 $ 108,031 Liabilities, Temporary Equity and Stockholders' Deficiency Current Liabilities: Accounts payable and accrued expenses $ 22,331 $ 30,290 Accrued salaries and wages 1,260 1,223 Accrued warranty reserve 1,593 1,576 Deferred revenue 17,694 23,372 Finance lease liability, current 964 773 Operating lease liability, current 3,936 2,492 Factory protection plan liability 8,317 10,844 Term note payable, current — 50,983 Total current liabilities 56,095 121,553 Deferred revenue, non-current 718 817 Finance lease liability, non-current 2,541 2,903 Operating lease liability, non-current 9,581 6,588 Exit new money notes, net, non-current 24,051 — Other non-current liabilities 265 265 Total liabilities 93,251 132,126 Commitments and contingencies (Note 15) Temporary equity: Redeemable noncontrolling interests 13,859 — Stockholders' deficiency: Preferred stock, $ .001 par value; 1,000,000 shares authorized and none issued — — Common stock, $ .001 par value; 59,400,000 shares authorized, 18,540,789 shares issued and outstanding at December 31, 2023; 18,511,555 sha

View Full Filing

View this 10-Q filing on SEC EDGAR