Earnings Call Excerpt
Capstone Turbine Corporation (CPST)
F4Q08 Earnings Call
June 12, 2008 4:45 pm ET
Executives
Darren R. Jamison - President and Chief Executive Officer
Ed Reich - Executive Vice-President and Chief Financial Officer
Mark Gilbreth - Executive Vice President and Chief Technology Officer
James D. Crouse - Executive Vice President of Sales
Libby Reynolds – Vice President, Chief Accounting Officer
Analysts
Sanjay Shrestha – Lazard Capital Markets
Walter Nasdeo – Ardour Capital Investments
Jesse Herrick – Merriman Curhan Ford & Co.
Eric Stine – Northland Securities
Abhi Kanitkar – RHO Venture Capital
Jeff Osher – JMP Capital Management
Peter Castellanos – Glacier Partners
Presentation
Operator
Welcome to the fourth quarter and fiscal year 2008 Capstone Turbine earnings conference call. (Operator Instructions) I would now like to turn the presentation over to your host for today’s call, Libby Reynolds, VP and Chief Accounting Officer.
Libby Reynolds
Welcome to Capstone Turbine Corporation’s conference call for the fourth quarter and fiscal year ended March 31, 2008. I am Libby Reynolds, your contact for today’s conference call.
Capstone filed its annual report on form 10K with the Securities and Exchange Commission today, June 12, 2008. If you don’t have access to this document and would like one please contact Alice Barsoomian at (818) 407-3628 or you can view all of our public filings on the SEC website at www.SEC.gov.
During the course of this conference call management may make projections or other forward-looking statements regarding future events or the financial performance of the company within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
These statements relate to, among other things, future financial performance and attaining profitability, the ability to reduce cost and improve operational efficiencies, achieving positive gross margin and operating margin, compliance with certain government regulations and increased government awareness of our product, opening new markets for our products and attracting large customers to our product, the performance of our product compared to other technologies, new applications for our products including the hybrid bus, oil and gas, class A office building and biogas markets, revenue growth and increased sales volume, our success in key markets, our ability to enter into new relationships with channel partners and distributors and other third parties, the energy efficiency, reliability and low cost of ownership of our products, the expansion of production capacity and improved inventory turn, value to our customers of our new low-emissions product, future applications for our product and the environmental advantages of our product.
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