Capstone Turbine Corp. said its fiscal fourth-quarter loss widened from a year earlier, as higher costs offset rising sales of some models of its low-emission microturbine systems.
The company said late Thursday it posted a quarterly net loss was $9.5 million, or 7 cents per share, compared with a loss of $8.5 million, or 6 cents per share, in the year-ago quarter.
Revenue for the quarter ended March 31 rose 60 percent to $9.3 million. Capstone said it shipped 140 units in the fourth quarter, compared with 67 units a year earlier.
Analysts were expecting a loss of 5 cents per share, with revenue of $9.3 million, according to a poll by Thomson Financial.
The company said rising sales were somewhat weighed down by in the quarter by higher manufacturing and overhead costs.
For the full fiscal year, Capstone reported a loss of $36.1 million, or 25 cents per share, compared with a year-ago loss of $36.7 million, or 32 cents per share.
Revenue rose 49 percent to $31.3 million.
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