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) has secured an approximately $8 million contract with Textron Systems to develop a pre-production High-Temperature Superconductor (HTS) Magnetic Influence Mine Countermeasure Payload System for the U.S. Navy. This project is part of a larger initiative worth over $20 million, aimed at modernizing the Navy's mine-sweep capabilities onboard the Common Unmanned Surface Vessel (CUSV) platform. The MAGNUSS program, supported by the Office of Naval Research, intends to replace traditional mine-sweep systems. AMSC’s HTS system is designed to enhance fleet safety during mine countermeasure operations, contributing to the advancement of naval technologies.
AMSC reported its financial results for the third quarter of fiscal year 2022, with revenues of $23.9 million, down from $26.8 million in the same quarter last year, primarily due to lower revenues in the Grid segment. The company experienced a net loss of $9.6 million ($0.34 per share), compared to a $4.3 million loss in the previous year. AMSC secured $43 million in total orders and ended the quarter with a backlog exceeding $110 million. For the fourth quarter, AMSC anticipates revenues of $27 million to $30 million and a net loss not to exceed $8.0 million.
AMSC (NASDAQ: AMSC) has announced it will release its third quarter fiscal year 2022 financial results after market close on February 1, 2023. A management conference call will follow on February 2, 2023, at 10:00 a.m. ET to discuss financial results, market trends, and business outlook. The call, accessible via the Company’s website or by phone, will provide investors with insights into AMSC's achievements and market positioning. AMSC specializes in power resiliency solutions and services that enhance grid performance and support Navy fleet operations, contributing to global energy systems.
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