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 fourth quarter ended March 31, 2023 results: revenue $31.7 million, net income $6.9 million, EPS $0.25 per share. Guidance initiated.
- Period
- fourth quarter ended March 31, 2023
- Revenue
- $31.7 million
- Net income
- $6.9 million
- EPS
- $0.25 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Revenues for the fourth quarter of fiscal 2022 were $31.7 million compared with $28.3 million for the same period of fiscal 2021. The year-over-year increase was a result of higher Grid segment revenues, primarily driven by strong new energy power system sales. AMSC’s net loss for the fourth quarter of fiscal 2022 was $6.9 million, or $0.25 per share, compared to net loss of $5.0 million, or $0.18 per share, for the same period of fiscal 2021.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN SUPERCONDUCTOR CORP /DE/ reported full fiscal year ended March 31, 2023 results: revenue $106.0 million, net income $35.0 million, EPS $1.26 per diluted share. Guidance initiated.
- Period
- full fiscal year ended March 31, 2023
- Revenue
- $106.0 million
- Net income
- $35.0 million
- EPS
- $1.26 per diluted share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Revenues for fiscal 2022 were $106.0 million as compared to $108.4 million in fiscal 2021. The decrease in revenues was driven by lower D-VAR revenues than in the prior year. AMSC reported a net loss for fiscal 2022 of $35.0 million, or $1.26 per diluted share, compared to a net loss of $19.2 million, or $0.71 per diluted share in fiscal 2021.
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