Capstone Energy+, Inc. reported fiscal first quarter 2027 results for the period ended June 30, 2026. Revenue was $24.9 million, down from $27.9 million a year earlier, mainly due to timing of large product orders, project milestones, shipment schedules and lower rental utilization.
Despite lower revenue, gross profit rose 16% to $8.8 million and gross margin expanded to 35% from 27%, driven by a favorable product mix, cost-reduction initiatives and Distribution Services. Income from operations was $1.0 million versus a prior operating loss of $0.2 million. Net income was $0.04 million, compared with a net loss of $0.7 million, although PIK dividends on preferred stock resulted in a net loss available to common shareholders of $0.9 million and a reported net loss per share of $0.03.
Adjusted EBITDA was $2.7 million, flat year over year. Cash and restricted cash totaled $32.3 million at June 30, 2026, up from $28.9 million at March 31, 2026. Net cash provided by operating activities was $5.4 million, versus net cash used of $1.6 million in the prior-year quarter, benefiting from a $3.7 million customer deposit tied to an order scheduled for year-end delivery.
Capstone Energy+, Inc. has established a shelf registration allowing it to offer up to $500,000,000 of common stock, preferred stock, debt securities, warrants or units from time to time, on terms to be detailed in future prospectus supplements. Net proceeds from any offerings may be used for general corporate purposes, including working capital, capital expenditures, acquisitions, and repurchases or redemptions of securities, and may also be used to repay indebtedness or be invested in short-term marketable securities. The company is a Nasdaq-listed smaller reporting company and non-accelerated filer focused on behind-the-meter clean energy and AI/data center power solutions, with both voting and non-voting common stock and a significant Series A Convertible Preferred Stock layer featuring a $5.00 conversion price and a 5.00% PIK dividend, subject to various adjustments and protective provisions.
Capstone Energy+, Inc. filed a pre-effective amendment to its Form S-3 shelf registration to update disclosure for its Nasdaq Global Market listing on July 8, 2026 and to incorporate its July 8, 2026 definitive proxy statement by reference. The shelf registration permits the company to offer, from time to time, up to $500,000,000 of common stock, preferred stock, debt securities, warrants or units.
The company’s common stock trades on Nasdaq under the symbol “CEPL”, with a July 23, 2026 closing price of $10.16 per share. As of June 26, 2026, there were 32,232,965 common shares and 333,120 non-voting common shares outstanding. The filing describes detailed terms of its capital structure, including 80,000 shares of Series A Convertible Preferred Stock with a $1,000 stated value per share and a $5.00 initial conversion price, as well as existing pre-funded warrants and equity incentive awards.
The company outlines a strategy focused on behind-the-meter clean energy and power solutions for industrial, commercial, AI, and data center applications. Net proceeds from any future offerings under the shelf will be used for general corporate purposes, including working capital, capital expenditures, acquisitions, and potential security repurchases or redemptions.