secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC)
CIK:        0000880807
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001437749-23-029749
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMSC Q2 revenue $34M (+23% YoY), first non-GAAP net income since 2010, positive op cash flow
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- Net loss of $2.5M ($0.09/share) vs loss of $9.9M ($0.35/share) a year ago; non-GAAP net income ~$0.1M ($0.00/share).
- Gross margin 25%; operating cash flow +$0.9M; cash & restricted cash $24.0M at quarter end.
- Q3 FY23 guidance: revenue $33-36M, net loss ≤$4.3M ($0.15/share), non-GAAP net loss ≤$2.5M ($0.08/share).
- 12-month backlog $128M; Q2 new energy bookings over $37M across multiple markets.
- Chairman cites demand, improved margins, and product mix; expects breakeven to +$2.0M op cash flow in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880807/000143774923029749/0001437749-23-029749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880807/000143774923029749/amsc20230818_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029749

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