Capstone Green Energy Holdings Files Q2 2024 10-Q

TL;DR

Capstone Green Energy's Q2 2024 10-Q is in. Check financials for retained earnings & paid-in capital.

AI Summary

Capstone Green Energy Holdings, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the company, which is involved in the engines and turbines industry. Key financial figures and changes in equity accounts like retained earnings and additional paid-in capital are presented for various reporting periods.

Why It Matters

This filing provides investors with a detailed look at Capstone Green Energy's financial health and operational status for the second quarter of fiscal year 2024, influencing investment decisions.

Risk Assessment

Risk Level: medium — As a publicly traded company in the industrial sector, Capstone Green Energy is subject to market fluctuations, operational risks, and regulatory changes.

Key Numbers

• 2024-09-30 — Retained Earnings Reporting Date (Shows the balance of retained earnings as of the end of the second quarter of fiscal year 2024.)
• 2024-09-30 — Additional Paid-In Capital Reporting Date (Indicates the balance of additional paid-in capital as of the end of the second quarter of fiscal year 2024.)
• 2023-09-30 — Retained Earnings Prior Year Date (Provides the balance of retained earnings as of the end of the second quarter of fiscal year 2023 for comparison.)

Key Players & Entities

• Capstone Green Energy Holdings, Inc. (company) — Filer
• 2024-09-30 (date) — Reporting Period End Date
• 2024-11-12 (date) — Filing Date
• ENGINES & TURBINES [3510] (industry) — Standard Industrial Classification

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-20240930x10q.htm (10-Q) — 1559KB
• tmb-20240930xex31d1.htm (EX-31.1) — 16KB
• tmb-20240930xex31d2.htm (EX-31.2) — 16KB
• tmb-20240930xex32.htm (EX-32) — 17KB
• 0001558370-24-015283.txt ( ) — 7197KB
• tmb-20240930.xsd (EX-101.SCH) — 62KB
• tmb-20240930_cal.xml (EX-101.CAL) — 69KB
• tmb-20240930_def.xml (EX-101.DEF) — 201KB
• tmb-20240930_lab.xml (EX-101.LAB) — 504KB
• tmb-20240930_pre.xml (EX-101.PRE) — 334KB
• tmb-20240930x10q_htm.xml (XML) — 1153KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of September 30, 2024 and March 31, 2024 3 Condensed Consolidated Statements of Operations for the Three and Six months Ended September 30, 2024 and 202 3 4 Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders' Deficiency for the Three and Six Months September 30, 2024 and 202 3 5 Condensed Consolidated Statements of Cash Flows for the Six months Ended September 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 24 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 34

— OTHER INFORMATION

PART II — OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 5. Other Information 36 Item 6. Exhibits 37

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) September 30, March 31 , 2024 2024 Assets Current Assets: Cash $ 2,713 $ 2,085 Accounts receivable, net of allowances of $ 3,712 at September 30, 2024 and $ 3,287 at March 31, 2024 8,633 6,552 Inventories 19,877 20,642 Prepaid expenses and other current assets 4,172 5,449 Total current assets 35,395 34,728 Property, plant, equipment and rental assets, net 22,428 25,854 Finance lease right-of-use assets 4,089 4,391 Operating lease right-of-use assets 10,326 12,279 Non-current portion of inventories 3,206 3,917 Other assets 2,862 3,037 Total assets $ 78,306 $ 84,206 Liabilities, Temporary Equity and Stockholders' Deficiency Current Liabilities: Accounts payable and accrued expenses $ 21,108 $ 18,212 Accrued salaries and wages 1,147 1,220 Accrued warranty reserve 1,145 1,437 Deferred revenue, current 9,267 11,183 Finance lease liability, current 926 964 Operating lease liability, current 3,991 4,041 Factory protection plan liability 5,566 7,259 Exit new money notes, net of discount, current — 28,911 Total current liabilities 43,150 73,227 Deferred revenue, non-current 617 675 Finance lease liability, non-current 1,854 2,300 Operating lease liability, non-current 6,604 8,527 Exit new money notes, net of discount, non-current 30,855 — Other non-current liabilities 264 264 Total liabilities 83,344 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 September

View Full Filing

View this 10-Q filing on SEC EDGAR