Good day, ladies and gentlemen, and welcome to Capstone Turbine Corporation Earnings Conference Call for Fourth Quarter and Fiscal Year 2011 Financial Results ended March 31, 2011. My name is Stacy, and I'll be your conference moderator for today. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.
During today's call, Capstone management will be referencing slides that can be located at www.capstoneturbine.com under the Investor Relations section. At this time, I would like to introduce your host for today, Ms. Jayme Brooks, Vice President of Finance and Chief Accounting Officer. Please proceed.
Jayme Brooks
Thank you. Good afternoon, and welcome to Capstone Turbine Corporation's Conference Call for the Fourth Quarter and Year Ended March 31, 2011. I am Jayme Brooks, your contact for today's conference call.
Capstone filed its annual report on Form 10-Q with the Securities and Exchange Commission today, June 14, 2011. If you do not have access to this document and would like one, please contact Investor Relations via telephone at (818) 407-3628 or e-mail ir@capstoneturbine.com, or you can view all of our public filings on the SEC website at www.sec.gov or on our website at www.capstoneturbine.com.
During the course of this conference call, management may make projections or other forward-looking statements regarding future events or financial performance of the company within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995.
These statements relate to, among other things, future financial performance in attaining profitability; the ability to reduce cost and improve inventory turns and contribution margins; higher average selling prices; continued growth in current market conditions; the availability of a line of credit; the success of the C200 and C1000 products; new products and technologies; compliance with certain government regulations and increased government awareness in funding of our products; growing market share and market adoption of our products; new applications for our products; growth in the oil and gas and hydroelectric vehicle markets; increased opportunities in Japan, revenue growth and increased sales volumes, our success in key market segments; our ability to enter into new relationships with channel partners and distributors and other third parties; the energy efficiency, reliability, and low cost of ownership of our products; and the expansion of production capacity manufacturing efficiency and improved relationships with suppliers.
These forward-looking statements are subject to numerous assumptions, risks and uncertainties, including the following: Our expectations about expansion into key markets may not be realized. Certain strategic business initiatives and relationships may not be sustained and may not lead to increased sales. We may not be able to reduce our manufacturing costs. The growth in our backlog has significantly exceeded our internal forecast. In order to meet this increased demand, we may need to raise additional funds to meet our anticipated cash needs for working capital and capital expenditures.
The current economy can make it difficult or impossible for us to raise necessary funds and for our customers to buy our products. We may not be able to utilize our line of credit, for example, as a result of a failure to meet a financial covenant. We may not be able to expand production capacity to meet our demand for our products. We may not be able to obtain sufficient materials at reasonable prices.
If we fail to meet all applicable NASDAQ global market requirements, the NASDAQ determines to delist our common stock. The delisting could adversely affect the market liquidity of our common stock, impair the value of your investment, and adversely affect our ability to raise needed funds. We have substantial accounts receivable and increased bad debt expense or delays in collecting accounts receivable could have a materially adverse effect in our cash flows and results of operations.
Our release of new products maybe delayed or new products may not perform as we expect. We maybe unable to increase our sales and sustain or increase our profitability in the future. We may not be able to obtain or maintain customer distributor and other relationships that are expected to result in an increase in volume and revenue. We may not be able to comply with all applicable government regulations. We may not be able to retain and develop distributors in our targeted markets, in which case our sales would not increase as expected.
We may not be able to successfully integrate the acquired Calnetix assets and achieve productivity relationships with these distributors. And if we do not effectively implement our sales, marketing, service and product enhancements plan, our sales will not grow and therefore, we may not generate the net revenue we anticipate.
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