Welcome to our dedicated page for American Superconductor news (Ticker: AMSC), a resource for investors and traders seeking the latest updates and insights on American Superconductor stock.
American Superconductor Corporation (AMSC) delivers cutting-edge solutions for renewable energy systems, smart grid technologies, and defense applications. This news hub provides investors and industry professionals with essential updates on the company's strategic developments.
Track all official announcements including quarterly earnings, product innovations, and partnership agreements. Our curated feed covers AMSC's core segments: wind energy controls, grid resilience solutions, and naval defense systems, offering insights into technological advancements and market positioning.
Discover how AMSC's engineering expertise shapes sustainable energy infrastructure through regulatory filings, executive commentary, and operational milestones. The repository simplifies monitoring of both domestic and international developments affecting the company's growth trajectory.
Bookmark this page for streamlined access to verified information about AMSC's contributions to cleaner energy production and mission-critical power systems. Check regularly for new disclosures that could impact your analysis of this innovative technology provider.
AMSC (Nasdaq: AMSC) reported its fourth quarter and fiscal year 2023 financial results. The company saw a significant increase in full-year revenues by 37% to $145.6 million, with a gross margin expansion of 1,620 basis points. For Q4, revenues reached $42 million, up from $31.7 million year-over-year, driven by strong performance in both Grid and Wind segments. Net loss for Q4 narrowed to $1.6 million from $6.9 million in the same period last year, while the non-GAAP net income was $1.9 million compared to a non-GAAP net loss of $7.8 million. For the full fiscal year, the net loss was $11.1 million, improved from $35 million last year. AMSC ended fiscal 2023 with $92.3 million in cash reserves. The company has provided a positive outlook for the first quarter of fiscal 2024, expecting revenues between $38 million and $42 million and a net loss not exceeding $2.2 million.
AMSC (NASDAQ: AMSC), a key provider of megawatt-scale power resiliency solutions, will release its fourth quarter and fiscal year 2023 financial results on May 29, 2024, after the market closes. The announcement includes a conference call scheduled for May 30, 2024, at 10:00 a.m. Eastern Time, where management will discuss recent accomplishments, financial results, and business outlook. Investors can access the live call by dialing provided numbers or visit AMSC's website for a webcast. A replay will be available two hours post-call.
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