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Capstone is anticipated to report better fourth-quarter earnings on June 14. The consensus estimate is currently -2 cents a share, an improvement of 10 cents (-500%) from -12 cents during the same period last year.
Investors have been rewarded somewhat with an increase of year-over-year revenue. Revenue reported was $81.9 million last fiscal year compared to $61.6 million in the previous year. The bottom line has lower losses year-over-year of $-38.47 million last fiscal year compared to $-67.24 million in the previous year.
Capstone has lost 43% of its value in the last year and is trading under a dollar. I have no interest in buying this one. The chart looks poor and in six months the stock may face delisting if the price continues to fall (stocks need to keep an average price of $1 or more to remain on Nasdaq).
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