afternoon, everyone joining thank conference you, call. today's fiscal Jayme. for XXXX first quarter Thank you Good and
the preliminary Plan July on long-term of revenue range a for reported and pending know, Protection contracts. you XX provided resolution we on certain As results Factory
compared Cal and revenue. Microturbine, is from distributor Capstone's the Since being result, we parts our the only revenue up partner a During product service QX in California. as revenue XX% company's is time, first but XX% up year, new and reassigned that X% service of other legacy distribution to on for quarter to And with accessories, also from growth is total quarter. revenue which up QX. revenue Slide accessories, year-over-year the exclusive for reflected same key to our is X along last California highlights not process This our finalized parts
gross the ended product million XXXX product six period XXXX. in orders in total The to XX, XX for gross orders six represents we eleven the just month Russia, the Mexico, June month is X.XXX orders XX, period in $XX.X million product December for from distributors highlight ended the new ratio double-digit increase for key the we quarter UK. shipments. preceding year, the order had a now what different see. countries, revenue those our as and product higher Ireland, Austria, really fiscal should orders to This Italy, period-over-period that six revenues Capstone China, turn Another in to including revenue this Spain, Kuwait, last product product increase increase. eventually the book are compared our this year half which months Netherlands, In The XX% is need to bill growth States, into beginning United XX% fiscal represents $XX.X return of second in translate growth in product into and to
in all cover prepayment included and year. supply both the notified requirements their asset our with multiple in capacity increase our offering one on leveraged million increased for fiscal operations. from Capstone's and million $X.X components our the as program or at Our prepayments during and facility effectively credit to of quarter recently significant cash This were Bridge Bank we equity they single base expanded require us for are position to order $X.X first at-the-market fulfill over who they order source price Capstone suppliers to a help
accrued to compensation. down These $X the in paid quarter. million by also incentive expenses $X.X together program respect one-time usage leadership with for our one-time approximately two in resulted cash the we first Additionally, million items
During because of activities we with elevated higher of have the and activities. business quality maintenance seen our goods increase to our anticipated We issue also have QX parts that margin parts a in in did lower scheduled quarter, of at normal than we and did business revenue lower and the service from aftermarket compared than unscheduled maintenance defect QX. for costs unscheduled was in historically. maintenance accessories, that lower result experienced gross accessories, margin supplier The a resulted aftermarket gross service primarily
this year I times is typically quarters exception. March are expected our no this year mentioned However, was revenue the QX in QX during quarters and many fiscal our as and December and past where highest our
the intervals the factors activity in profitability unscheduled quality gross aftermarket service compared activities as it actions has and and maintenance defect aftermarket corrective we of revenue with in to course or revenue this drive accessories, to service QX. on impact products goals. and year. our back our This which as in is accessories, timing normal material And business are the maintenance I short-term that and million place. summary, critical margin we like just supplier the higher quarter, why and and viability combined of margin. was volatility was revenue when to despite not the improvement highlight maintenance margin these in the business will profitability can Capstone's both and and probability continue into some short-term expected remain excellent and and of within how for focus our gross strategic efforts to progress put strategic specifically understand numbers on unscheduled result execute in goals focus In a normal long-term year plans not towards are business the QX revenue the we did the parts build key than in momentum identified in factors the $XX goal only do a or been now important resulted the our management's performance the maintenance is and and half to of last issues our serves business sign such areas scheduled overall volatility made in the gross any unscheduled to strategic current management of service in see a of So XX% The and from mentioned long-term lower should quarterly business margin strategic we quarter aftermarket It's of contracts. the and scheduled starting parts to fleet a and our activities long-term we anticipate strategy the key impact FPP we increase our related aftermarket aftermarket and with the business of scheduled and
Let's quarter to turn fiscal then goals our of XXXX. Slide strategic objectives X. the outlines X first chief and for Slide
improve while Before goal two, our capital, acceleration and strategic the new number through product absorption. now and I OpEx provide April progress like objectives. company increase verticals absorption would on our number number for remind quarter. to would cash percentage working achieve toward that update diversify you three, like I service we driving report the sales. into markets, four key global new the of the start, Objective balance one, our flow, Objective everyone and we Goal four number in on fiscal sheet. revenue XXX% quarterly with lastly core year to double-digit quarterly growth new geographies objectives began
recently our increase first of asset $XX.X improve Cash on Moving based for to effectively the our million million cash to with an renewed Slide leverage expanded XXXX credit balance flow Bank goal report net the start and balance as to first will working $X.X we facility. as quarter Bridge X, prior over quarter capital quarterly the sheet fiscal we continue sheet. or
In the prepayment or our leadership the program. the as operating payments as addition of supplier helped approximate one incentive our cover well equity time million and ATM, expenses the $X.X team unexpected cash for obligation of at-the-market program us
and go Let's move Slide ahead X. on to
goal Our Capstone is growth. second strategic revenue to for double-digit achieve year-over-year objective
single million, the XXXX left work was almost having on And XX% first $X quarter to up same was return the docks. which FYXXXX despite that year of last goods hard last and quarter of million $XX.X equals or but in to growth, fiscal revenue our the we XXXX beyond. finished now on to in our step. growth is compared During This four continue fiscal year. megawatts first accelerating digit only we Revenue successfully in
product orders this XXXX. business, to accessories the and during of We provide to sales achieve necessary parts with the expect rebound remainder and digit our service service quarter growth our This the the growth year. in new second parts double combined fiscal our aftermarket in accessories and catalyst should rebound
year let's to the $XX.X as Now gross and to fiscal million and book-to-bill the Slide X, diversify X product before to of with another product the verticals turn the quarter going gross bookings XXXX developing I geographies, for in business were market into is continue Capstone for ratio. strong new X.X second third new orders mentioned to goal to
different orders distributors, receive quarter, XX countries. products for we first from representing the During XX new did
interest Mexico, over we orders Ireland, As have Italy, I and excited of globe. the about Russia, are Netherlands, is from and we said all amount China, increased before, very and U.S., Kuwait, global U.K. growing the this Austria, receiving the Spain, the the
not East. mention release we of to talked As Middle recent that about parts with press the other
percentage four continue target to absorption. service gross of absorption expense, accessories Slide on previously part on with margin, the objectives stated strategic our X, achieving operating a focus Moving the to the to increase XXX%
service our armored we highlights business profitability on I some quarter, the EBITDA the this want We difference of As parts results volatility determine in in aftermarket The aftermarket business first our to accessories head really address see goods. had quarter-to-quarter. as this cost quarterly and and increased mentioned by businesses levels. during to expect our lower we earlier revenue
reminder on to business XXXX. fundamentals the we impact our to want the However, the we normalize over long-term fiscal and stress of expect
follow the focus in to megawatts specifically During X.X FPP reason XXXX market. new attachment U.K. increase we increasing The on is rates, continue were parts our the and our of remanufacturing and in in trying January quarter, gas spare the the targeting in we first to on and oil in making made against in the that shows U.S. now FPP interest contracts oil the and FPP and at and goal gas in oil the and oil we gas the FPP made market. the contracts April have are for and our progress more gas July, strategic customer we growing recent in orders announcements
still and I'll the Jayme let We other discuss in other bring there technologies continue into customer for results first evaluate we this detailed our opportunities the originally as kids point, quarter. [indiscernible] ever to announced adjacent At also products Jayme? Praxair. fourth financial
