Nov 10, 2011 - US microturbine energy system maker Capstone Turbine Corp (NASDAQ:CPST) reported a net profit of USD 1.3 million (EUR 1m) in its second quarter to September 30, against a net loss of USD 1.9 million a year earlier.
The profit was due to a non-cash benefit to the change in warrant liability. Excluding this effect, the company's loss widened to USD 7.3 million.
Capstone narrowed its operating loss to USD 7.2 million from USD 8.5 million a year ago.
Gross margin improved to 6% from 1%, the company said.
Revenue rose by 46% year-on-year to USD 27.5 million. Capstone shipped 23.6 MW of microturbine units, compared with 15.8 MW a year before, with the average revenue per unit growing to some USD 130,000 from USD 90,000.
At the end of September, the company's backlog stood at USD 113.7 million.