Capstone Green Energy Corporation (NASDAQ:CGRN) Q3 2023 Earnings Call Transcript

Sameer Joshi: Got it. Thanks for taking my questions and good luck.

Darren Jamison: Thank you.

Operator: Thank you. That concludes our Q&A session. I will now hand the conference back to Darren Jamison for closing remarks. Please go ahead.

Darren Jamison: Great. Well, thank you. Great questions by the analysts. I think you touched on a lot of the things I wanted to touch on. I think the most important thing for me to look at this quarter is that we’re still hitting our target to be at 50 megawatts under contract on March 31. That’s the most important thing, the most transformational thing we can do for our business. And so as we grow that Energy-as-a-Service business, we need to keep hitting those target dates make sure we get that product deployed and make sure the fleet is running well, so we get more repeat customers. We are in process, as you know, of refinancing the Goldman note with Greenhill & Company. We do need to drive that to conclusion here in the next two or three months at least and then figure out what we’re doing for long-term capital needs to keep growing the Energy-as-a-Service business.

Inventory is a bit of out of whack as we said, and supply chain issues have been challenging like manufacturers around the world. But that’s not an excuse. We need to do a better job and our vendors need to do a better job and hopefully, the fourth quarter and the first quarter of this new year, we’ll get that behind us as well. So be looking for more Energy-as-a-Service press releases, and we look forward to talking to everybody soon the conclusion of our fourth quarter. Thank you.

Operator: Thank you, everyone. This concludes today’s event. You may disconnect at this time, and have a wonderful day. Thank you for your participation.