Fiscal 2026 Revenue Increase 24% to $106.0 Million; Gross Profit Increased 45% to $33.9 Million; Company Returned to Full-Year Profitability
LOS ANGELES, June 25, 2026--(BUSINESS WIRE)--Capstone Energy+, Inc. (OTCQX: CGEH) ("Capstone" or the "Company"), formerly known as Capstone Green Energy Holdings, Inc., today reported its financial results for the fourth quarter and full fiscal year 2026, ended March 31, 2026.
Fiscal Fourth Quarter 2026 and Recent Operational Highlights
Completed $112.5 million strategic investment, simplifying the Company's capital structure. The transaction redeemed legacy preferred equity at the operating subsidiary level, made Capstone Energy+, LLC a wholly owned subsidiary, and strengthened the Company's position for its next phase of growth.
Launched Capstone Energy+, clarifying the Company's broader market positioning. The new brand reflects Capstone's evolution from a microturbine manufacturer into a behind-the-meter energy solutions platform focused on resilient, on-site power.
Advanced product development for distributed energy and AI/data center applications. Capstone completed key North American certifications for its C200 and C1000 product families and continued development of its C250 and 800 VDC microturbine platforms.
Advanced a 6.6MW renewable biogas project in North Carolina, demonstrating Capstone's role in the circular economy. The CHP project is designed to convert livestock animal waste into renewable power and reusable thermal energy, highlighting Capstone's ability to support waste-to-energy applications with scalable, on-site generation.
Secured first C1000 Signature Series order in Brazil, expanding Capstone's Latin America footprint. The system will provide full on-site power at a major natural gas compression station, reinforcing the value of Capstone's technology for mission-critical energy infrastructure.
Added a Utah hospitality CHP project, expanding Capstone's commercial use cases. The two C800 Signature Series microturbines are expected to provide on-site electricity and thermal energy recovery for a large-scale resort, demonstrating the economics of CHP in high-demand hospitality environments.
Achieved clean audit opinion and fully remediated all previously identified material weaknesses, marking a significant governance milestone. Capstone's independent auditors issued an unqualified opinion with no going concern qualification, reflecting the strength of the Company's liquidity position, the effectiveness of management's operational and financial improvements, and the successful completion of all internal control remediation efforts.