AMSC Q1 revenue $30.3M, net loss narrows to $5.4M; guidance for Q2

AMERICAN SUPERCONDUCTOR CORP /DE/

2023-Q1 EPS reported -$0.19 revenue$30,254,000

Revenue $30.3M up 33% YoY from $22.7M; net loss $5.4M ($0.19/sh) vs $8.7M ($0.32) YoY.
Non-GAAP net loss $2.1M ($0.08/sh) vs $6.8M ($0.25) a year ago.
Quarter-end cash $23.1M vs $25.7M at March 31, 2023.
Q2 FY2023 revenue guidance $29M-$32M; net loss not to exceed $5.3M ($0.19/sh).
Booked over $34M of new energy power systems orders, including Navy shore power.

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