AMSC Q1 revenue $25.4M, up 20% YoY; net loss widens to $5.4M

AMERICAN SUPERCONDUCTOR CORP /DE/

2022-Q1 EPS reported -$0.20 revenue$25,420,000

Revenue $25.4M vs $21.2M YoY; Grid segment revenues highest ever, up >30%.
GAAP net loss $5.4M ($0.20/shr) vs $3.4M ($0.16); non-GAAP net loss $2.7M ($0.10) vs $2.4M ($0.11).
Cash, equivalents, securities $63.1M at June 30, down from $80.7M at March 31.
Q2 guidance: revenue $24-27M; net loss ≤$6.7M ($0.25); non-GAAP net loss ≤$5.0M ($0.18).
CEO says strong start; expects sequentially higher quarterly revenue.

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