AMSC reports Q3 FY2021 revenue $26.8M, net loss narrows to $4.3M from $7.9M YoY

AMERICAN SUPERCONDUCTOR CORP /DE/

2022-Q3 EPS reported -$0.52 revenue$80,126,000

Revenue $26.8M (+14% YoY); Grid segment grew nearly 50% YoY, setting a record quarter.
GAAP net loss $4.3M ($0.16/sh) vs loss of $7.9M ($0.31/sh) a year ago; non-GAAP loss $4.6M ($0.17).
Cash and securities $52.6M at Dec 31, 2021, down from $57.0M at Sep 30, 2021.
Q4 FY2021 guidance: revenue $26-29M, non-GAAP net loss ≤$5.0M ($0.18/sh), cash burn $3-4M.
Cash expected to be no less than $48M on March 31, 2022.

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