Despite healthy sales figures Capstone Turbine has announced trading losses during the third quarter 2001 amounting to a loss per share of around 17 cents. The company, a leading microturbine producer, delivered 80 units (62 30 kW systems and 18 60 kW systems) bulking revenue out to an expected $ 3.2 million for the quarter, but anticipates nonetheless a loss of around $2 million, mainly attributed to greater than usual factory overheads in expectation of greater sales increases than actually materialised.
However president and chief executive Dr Ake Almgren said on releasing the figures that cash and liquid assets in hand amounting to $180 million would ensure that the company could come through the downturn without altering its current business plan. Capstone would increase its investment and marketing activities and maintain its research and development levels. Interest in microturbines remains high, he said.