Capstone Green Energy Holdings Files 10-Q
Ticker: CGEH · Form: 10-Q · Filed: Oct 17, 2024 · CIK: 1009759
Sentiment: neutral
Topics: 10-Q, financials, green-energy
TL;DR
Capstone Green Energy Holdings filed its Q1 10-Q. Financials and operations detailed.
AI Summary
Capstone Green Energy Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates. Key financial figures and strategic initiatives are presented, reflecting the company's ongoing business activities and market position in the green energy sector.
Why It Matters
This filing provides investors and analysts with crucial financial and operational data for Capstone Green Energy Holdings, Inc., enabling informed decisions about the company's performance and future prospects.
Risk Assessment
Risk Level: medium — The company operates in the volatile green energy sector, which is subject to regulatory changes, technological advancements, and market demand fluctuations.
Key Numbers
- N/A — Revenue (Specific revenue figures for the quarter are not explicitly stated in the provided text snippet.)
- N/A — Net Income/Loss (Specific net income or loss figures for the quarter are not explicitly stated in the provided text snippet.)
- N/A — Total Assets (Specific total asset figures for the quarter are not explicitly stated in the provided text snippet.)
Key Players & Entities
- Capstone Green Energy Holdings, Inc. (company) — Filer of the 10-Q
- 2024-06-30 (date) — End of the reporting period
- 2024-10-17 (date) — Filing date of the 10-Q
FAQ
What were Capstone Green Energy Holdings' total revenues for the quarter ended June 30, 2024?
The provided text snippet does not contain specific revenue figures for the quarter ended June 30, 2024.
What is the company's net income or loss for the period reported?
The provided text snippet does not specify the net income or loss for the period.
When was Capstone Green Energy Holdings, Inc. incorporated?
The company was incorporated in Delaware (DE).
What is the company's primary SIC code?
The company's Standard Industrial Classification (SIC) code is 3510, which corresponds to ENGINES & TURBINES.
What is the filing date of this 10-Q report?
This 10-Q report was filed on October 17, 2024.
Filing Stats: 4,485 words · 18 min read · ~15 pages · Grade level 15.6 · Accepted 2024-10-17 16:41:08
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-20240630x10q.htm (10-Q) — 1256KB
- tmb-20240630xex31d1.htm (EX-31.1) — 15KB
- tmb-20240630xex31d2.htm (EX-31.2) — 15KB
- tmb-20240630xex32.htm (EX-32) — 16KB
- 0001558370-24-013373.txt ( ) — 6501KB
- tmb-20240630.xsd (EX-101.SCH) — 60KB
- tmb-20240630_cal.xml (EX-101.CAL) — 70KB
- tmb-20240630_def.xml (EX-101.DEF) — 198KB
- tmb-20240630_lab.xml (EX-101.LAB) — 478KB
- tmb-20240630_pre.xml (EX-101.PRE) — 332KB
- tmb-20240630x10q_htm.xml (XML) — 979KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of June 30, 2024 and March 31, 2024 3 Condensed Consolidated Statements of Operations for the Three months Ended June 30, 2024 and 202 3 4 Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders' Deficiency for the Three Months June 30, 2024 and 202 3 5 Condensed Consolidated Statements of Cash Flows for the Three months Ended June 30, 2024 and 2023 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 23 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 31 Item 4.
Controls and Procedures
Controls and Procedures 31
— OTHER INFORMATION
PART II — OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 32 Item 1A.
Risk Factors
Risk Factors 33 Item 5. Other Information 33 Item 6. Exhibits 34
Signatures
Signatures 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) June 30, March 31 , 2024 2024 Assets Current Assets: Cash $ 3,975 $ 2,085 Accounts receivable, net of allowances of $ 3,439 at June 30, 2024 and $ 3,287 at March 31, 2024 7,031 6,552 Inventories 20,143 20,642 Prepaid expenses and other current assets 4,689 5,449 Total current assets 35,838 34,728 Property, plant, equipment and rental assets, net 25,140 25,854 Finance lease right-of-use assets 4,240 4,391 Operating lease right-of-use assets 11,299 12,279 Non-current portion of inventories 3,999 3,917 Other assets 2,946 3,037 Total assets $ 83,462 $ 84,206 Liabilities, Temporary Equity and Stockholders' Deficiency Current Liabilities: Accounts payable and accrued expenses $ 22,017 $ 18,212 Accrued salaries and wages 1,257 1,220 Accrued warranty reserve 1,334 1,437 Deferred revenue, current 11,867 11,183 Finance lease liability, current 945 964 Operating lease liability, current 4,099 4,041 Factory protection plan liability 6,319 7,259 Exit new money notes, net of discount, current — 28,911 Total current liabilities 47,838 73,227 Deferred revenue, non-current 617 675 Finance lease liability, non-current 2,080 2,300 Operating lease liability, non-current 7,480 8,527 Exit new money notes, net of discount, non-current 29,849 — Other non-current liabilities 265 264 Total liabilities 88,129 84,993 Commitments and contingencies (Note 13) Temporary equity: Redeemable noncontrolling interests 13,859 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 June 30, 2024 and