AMSC Q3 FY2022 revenue $23.9M, net loss $9.6M; Q4 revenue outlook $27-30M

AMERICAN SUPERCONDUCTOR CORP /DE/

2022-Q3 EPS reported -$1.01 revenue$74,241,000

Revenue $23.9M, down from $26.8M YoY; net loss $9.6M ($0.34/sh) vs $4.3M ($0.16/sh) YoY.
Non-GAAP net loss $7.7M ($0.27/sh) vs $4.6M ($0.17/sh) YoY; cash and restricted cash $31.4M.
Booked $43M total orders, backlog over $110M; secured fifth ship protection system for LPD-32.
Expects Q4 revenue $27-30M, net loss ≤$8.0M ($0.28/sh); non-GAAP net loss ≤$6.0M ($0.21/sh).
Annual cost savings ~$5M from restructuring; expects release of $5M restricted cash performance bond in Q4.

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 0.95

AMERICAN SUPERCONDUCTOR CORP /DE/ reported third quarter of fiscal year 2022 ended December 31, 2022 results: revenue $23.9 million, net income $9.6 million net loss, EPS $0.34 per share.

Period: third quarter of fiscal year 2022 ended December 31, 2022
Revenue: $23.9 million
Net income: $9.6 million net loss
EPS: $0.34 per share
Result: reported results

Exact text from the filing

Revenues for the third quarter of fiscal 2022 were $ 23.9 million compared with $26.8 million for the same period of fiscal 2021. The year-over-year decrease was driven by lower Grid segment revenues, versus the year ago period. AMSC’s net loss for the third quarter of fiscal 2022 was $ 9.6 m illion, or $ 0.34 p er share, compared to a net loss of $4.3 million, or $0.16 per share, for the same period of fiscal 2021.

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN SUPERCONDUCTOR CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001437749-23-002268

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.