American Superconductor (AMSC) Reports In-Line Q3 EPS, updates outlook

American Superconductor (NASDAQ: AMSC) reported Q3 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $39.35 million versus the consensus estimate of $34 million.

Business Outlook

For the fourth quarter ending March 31, 2024, AMSC expects that its revenues will be in the range of $36.0 million to $40.0 million. The Company’s net loss for the fourth quarter of fiscal 2023 is expected not to exceed $3.5 million, or $0.12 per share. The Company’s net loss guidance assumes no changes in fair value of contingent consideration. The Company's non-GAAP net loss (as defined below) is expected not to exceed $1.7 million, or $0.06 per share. The Company expects operating cash flow to be breakeven to a positive cash generation of $2.0 million in the fourth quarter of fiscal 2023. The Company expects cash, cash equivalents, and restricted cash on March 31, 2024, to be no less than $25 million.

For earnings history and earnings-related data on American Superconductor (AMSC) click here.

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