Capstone Turbine Corporation (NASDAQ:CPST) reported fourth-quarter and fiscal-2014 results after the market closed, and they did little to impress the market. Fourth-quarter revenue was up just 3% from a year ago, to $36.4 million, and lost $3.4 million, or $0.01 per share, 50% more than a year ago.

With 310 million shares outstanding, it wasn't hard to hit Wall Street's estimate on the mark, but revenue fell below the $38.9 million estimate. 

What's concerning is that there appears to be no end to losses and, as a result, management must continually raise new money and dilute shareholders. For the full year, Capstone lost $16.0 million, down from $22.6 million a year ago, but it had to sell 18.8 million shares last month just to keep operations going for the rest of the year.

Capstone has been a stock with a lot of potential for years now, but never seems to live up to that potential. Until the company swings to a profit, I'll stay away and not get caught in a trap that continues to disappoint investors year after year.