AMSC Q2 net loss widens to $9.9M; revenue $27.7M; guides Q3 loss up to $9M

AMERICAN SUPERCONDUCTOR CORP /DE/

2022-Q2 EPS reported -$0.67 revenue$50,360,000

Revenue $27.7M vs $27.9M YoY; net loss $9.9M ($0.35) vs $4.4M ($0.16) YoY.
Non-GAAP net loss $6.5M ($0.23) vs $5.1M ($0.19) YoY.
Cash $37.4M at Sept 30, down from $49.5M at March 31, 2022.
Booked ~$30M new orders; backlog exceeds $100M.
Q3 guidance: rev $22-26M; net loss ≤$9.0M ($0.32); cash burn $4.5-6.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN SUPERCONDUCTOR CORP /DE/ reported the second quarter ended September 30, 2022 results: revenue $27.7 million, net income $9.9 million, EPS $0.35 per share. Guidance initiated.

Period: the second quarter ended September 30, 2022
Revenue: $27.7 million
Net income: $9.9 million
EPS: $0.35 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues for the second quarter of fiscal 2022 were $ 27.7 million compared with $27.9 million for the same period of fiscal 2021. The year-over-year decrease was primarily driven by less Wind segment revenues, versus the year ago period. AMSC’s net loss for the second quarter of fiscal 2022 was $ 9.9 m illion, or $ 0.35 p er share, compared to a net loss of $4.4 million, or $0.16 per share, for the same period of fiscal 2021.

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Source: SEC EDGAR

accession 0001437749-22-025365

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