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- Capstone Green Energy Corp (NASDAQ:CGRN) revealed an increase in its Distributor Support System or DSS program fee to support the expanding EaaS business.
- Capstone Green anticipates receiving an estimated $2.8 million in FY22.
- The company expects the increased DSS fee combined with expense reduction plan to improve financial performance and help reach its goal of consistent quarterly positive adjusted EBITDA.
- The DSS program adds diversity to the company’s EaaS revenues, including long-term rentals, long-term service agreements, spare parts, and engineering services.
- Price Action: CGRN shares are trading higher by 3.21% at $4.18 on the last check Monday.