say plans the year-over-year and technical thank difficulties, solid milestones. we Thank margin continued you, achieved several extremely highest easily positive When full made highlighted business our place to profitability in have company Capstone. the and execution some as Slide progress proud for the growth in at multiple for for the as we in We’ve taking call. We gross and years significant fourth Jayme. delay. in targeted expansion new you I records we very first but strong that revenue continue see of quarter X. attending you here topline in time look apologize everybody in at you had the at progress to am levels, And our momentum the the can the results transformation our several made very set
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towards the Details from in while accomplishment appendix compensation. illustrates continued positive higher Slide XX% you a together margin expenses, aftermarket future you’re XX% excluding the adjusted is another of one-time operating the this significant levels also flow key gross gross successful the for program which this incentive activities, of absorption of We product stated this is growth. record compensation goal with record XX, when And to is in our which cash the service quarter parts XXX% service operating record helps of for revenue look all summary, is XX. empowering Capstone saw In at Slide the add quarterly also Capstone’s a and appendix entire Company accelerated of which progress EBITDA, cover which located margins, positive accessories, of on team. us
Now of I’d like to full some the speak key highlights the for about fiscal of year XXXX.
move quickly on Let’s Slide X. to
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So let that bears think me repeat repeating. that, I
adjusted but our and Difference $XX Our loss improved X% million year-over-year, XX%. loss net last X% revenue year's year’s our the dropped XX%, net this between EBITDA XX% growth. or under increased net is and loss revenue improved
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terms we introduced attachment vendors, and Our shareholders increased and for quarter third entire management for year’s new our the of the working would hit Capstone fourth rates strategic FPP $XX Directors bridge their specifically yesterday, to the Capstone the credit the positive of and capital that entire our a bundled the during enabling goals as all of a result support to current and a component. I distributors, facility and service major facility our quarter and contributed green program solutions payment the been a long-term Capstone most prepayment terms we million continued most of in million employees, renewed deal. thank effort the of $XX clean for team bundled and with and and the our the of including This improved from revolving company facility like bank Board and expanded our just Capstone And targets solutions. and our team energy to solution, our
Now I’d like to review fiscal goals XXXX strategic objectives. and
So going what year. was plan into the our
So to turn let’s Slide X.
the levels. As reminder began highest everyone, a we at for the key strategic four year objectives fiscal with
stated First operating and at reduction our the was was target, to on achieve adjusted war XX% EBITDA our reach time expense costs program. which to breakeven
our the for margin The revenue second service business. expand to aftermarket in was significantly
risk percentage strategy toward future parts was into new growth. Capstone to Our working were improving last, ultimate by third and macroeconomic goal profile geographies. accessories, to based allow new verticals aftermarket objective and And Company hard, market product employ cash to reducing diversifying to quarterly lower by by business our burn market absorption our and we gross XXX% absorption of accelerate service aggressive margin pricing a the driving OpEx our more
provide So progress now now I’d did over. you to we on with year’s with how a the report like
positive December, ended, nearly – neutral First loss during half and quarter. EBITDA first the quarter for net quarter goal the we was Capstone December achieved
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manufacturing we our new quarter, of maintaining efforts. during During accomplish our our our this plant, we fiscal costs low. Support costs into R&D XXXX, on while while global department simultaneously fourth customer still our all one consolidate and of the to half Distributor increase program and acquisition our additionally launched two marketing facilities focusing second keeping Payment and the We restructuring
XXXX HRM. This which state-of-the-art and role includes second business, our to and drive milestone CXXXS Plan our to introduced Series our warranty long-term Factory panels. we and reintroduced growth and parts the was the major our to expansion. was in distributor CXXXXS to In revenue on minimum a for fiscal levels XXXX, spare or major FPP control critical by lineup play service hard industry This Protection new our accessories, gross number work parts of is Module Our leading will pricing to continue of special program. MicroTurbine aftermarket Recovery Heat expanding margin or our FPP fiscal new and programs stocking guidelines. Also improve increase a market is programs, a
rebuild of from say, The Latin continues the And into during products strategic places talk We've and Capstone spare verticals. in in East. Brazil, business later product proud and including Russian recently from everywhere new Oman parts Our on orders call. both distributors as Africa, and in key we markets and also we some business we milestone third verticals new shipped will new the Power many with specific Electrosystems. the Africa specifically received on focused new more heavy America, CHP, our Qatar. last the growing worked Mali never Colombia, to South Africa, shipped our before, Kuwait, Israel, and and focus geographies Middle year, I market in Venezuela, we about to Arabia, diversified a them I'm Saudi and to and Microgrid verticals listing Critical International CIS been quarter, the Hispania
this parts efforts future targeted come the cash verticals. FY unlocks service and point, talk margin, Lastly, and the OpEx is percentage fiscal XXXX what XXX% strategic the reduce At after absorption continue four Jayme? culmination financial let goals our our that of toward by improving our of really more about gross discuss was burn some for of and back results quarter and to that absorption, our I'll drive detailed I’ll for and accessories, all and fourth the full Jayme which really year business. quarterly the
