Financial Data and Key Metrics - Q4 2023 revenue reached a record $42 million, a 32% increase YoY, with Grid business revenue at $34.2 million (up 21% YoY) and Wind business revenue at $7.8 million (more than doubled YoY) [10][15] - Full fiscal year 2023 revenue was $145.6 million, a 35% increase YoY, with Grid business representing 84% and Wind business 16% of total revenue [11][15] - Gross margin for Q4 2023 was 25%, up from 12% YoY, and full-year gross margin was 24%, up from 8% in fiscal 2022 [16] - Net loss for Q4 2023 was $1.6 million ($0.05 per share), compared to $6.9 million ($0.25 per share) YoY, while non-GAAP net income was $1.9 million ($0.06 per share) [17] - Cash, cash equivalents, and restricted cash at the end of fiscal 2023 stood at $92.3 million, up from $25.7 million at the end of fiscal 2022 [17] Business Line Performance - Wind business revenue grew by over 125% YoY in Q4 2023, driven by increased ECS shipments to Inox for both 2MW and 3MW turbines [10][15] - Grid business revenue grew by over 20% YoY in Q4 2023, supported by new energy power systems and ship protection systems [10][15] - The company secured $15 million in 2MW wind turbine ECS orders and $13 million in 3MW ECS orders from Inox in fiscal 2023 [26] Market Performance - Military revenue reached nearly $20 million in fiscal 2023, including ship protection and new energy power systems [13] - Renewable projects accounted for about one-third of total sales, while industrial, mining, and semiconductor projects represented significant portions of the revenue mix [12] - The company delivered and tested its first ship protection system, with two more systems currently being delivered [13] Strategic Direction and Industry Competition - The company is focusing on diversifying its revenue streams, with significant growth opportunities in renewable energy, semiconductors, and military projects [12][13][22] - The Inflation Reduction Act and CHIPS Act in the US are expected to drive demand for the company's new energy power systems [29] - The company is well-positioned to benefit from the global transition to low-carbon energy, with strong demand for its grid solutions in renewable energy and semiconductor markets [28][30] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's ability to generate cash through improved operating leverage and expects continued growth in fiscal 2024 [10][20] - The company is guiding Q1 2024 revenue to be in the range of $38 million to $42 million, with potential for further growth in subsequent quarters [18][21] - Management expressed confidence in achieving $50 million in quarterly revenue and potentially generating net income in the future [22][33] Other Important Information - The company decided to stop issuing press releases for new energy power systems orders, as growth is now coming from multiple business segments [12] - The 12-month backlog at the end of March 2024 stood at $140 million, providing visibility into future revenue [11] Q&A Session Summary Question: Growth in semiconductor-focused Grid business - The semiconductor market is expected to grow significantly over the next few years, with the company well-positioned to benefit from multiple chip fab projects [37][38] - The company has identified hundreds of millions of dollars in potential business from semiconductor customers and expects to become a preferred solution for future builds [40] Question: Wind business outlook - The Wind business is expected to see further improvement later in fiscal 2024, with potential follow-on orders from Inox [42][43] Question: Book and ship business and data center opportunities - The company is seeing some book and ship business within the quarter, but most orders have a lead time of nine months or more [50] - Data centers are on the company's radar, with potential for future growth as the company explores how its solutions can fit into this market [47][48] Question: Potential to reach $50 million in quarterly revenue - Management believes $50 million in quarterly revenue is achievable, though likely not within the next four quarters, with strong operating leverage and minimal CapEx investment required [54][55] Question: Larger order sizes and content per order - Larger order sizes are driven by both increased project sizes and higher content per order, with potential for further growth in the future [60][61]

American Superconductor (AMSC) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 266.67%. A quarter ago, it was expected that this wind turbine component maker would post a loss of $0.07 per share when it actually produced earnings of $0.03, delivering a surprise of 142.86%.Over t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 000-19672 | --- | --- | |----------------------------------------------------------------------------------------------------------|------------------- ...

Exhibit 99.1 AMSC Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Provides Business Outlook Business Highlights: • Full year revenues increased over 37% year over year to $145.6 million • Full year gross margin expansion of 1,620 basis points over the prior year • Generated $2.1 million of operating cash flow, helping to further strengthen the balance sheet Company to host conference call tomorrow, May 30 at 10:00 am ET Ayer, MA – May 29, 2024 – AMSC (Nasdaq: AMSC), a leading system provid ...

Core Insights - AMSC reported a significant increase in full-year revenues, rising over 37% year-over-year to $145.6 million, driven by higher revenues in both the Grid and Wind segments [3][4] - The company achieved a gross margin expansion of 1,620 basis points compared to the previous year, indicating improved operational efficiency [3] - AMSC generated $2.1 million in operating cash flow, contributing to a stronger balance sheet [1] Financial Performance - For the fourth quarter of fiscal 2023, revenues reached $42.0 million, up from $31.7 million in the same period of fiscal 2022, attributed to strong new energy power system sales and increased Wind segment revenues [2] - The net loss for the fourth quarter was $1.6 million, or $0.05 per share, a significant improvement from a net loss of $6.9 million, or $0.25 per share, in the prior year [2] - For the full fiscal year 2023, AMSC reported a net loss of $11.1 million, or $0.37 per share, compared to a net loss of $35.0 million, or $1.26 per share, in fiscal 2022 [3] Business Outlook - AMSC anticipates first-quarter revenues for fiscal 2024 to be between $38 million and $42 million, with a projected net loss not exceeding $2.2 million, or $0.05 per share [5] - The company expects to maintain cash, cash equivalents, and restricted cash of no less than $91 million by June 30, 2024 [5] Operational Highlights - AMSC's backlog at year-end stood at $140 million, with $39 million in orders booked during the fourth quarter [4] - The company expressed optimism for fiscal year 2024, citing a diverse order book and a strengthened balance sheet as foundations for long-term growth [4]

Business Highlights: Full year revenues increased over 37% year over year to $145.6 millionFull year gross margin expansion of 1,620 basis points over the prior yearGenerated $2.1 million of operating cash flow, helping to further strengthen the balance sheet Company to host conference call tomorrow, May 30 at 10:00 am ET AYER, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power o ...

Core Insights - The Biden administration's new tariffs on clean energy products from China are expected to benefit certain U.S. clean energy stocks, leading to significant price increases for companies like Bloom Energy and American Superconductor [1][2] - The tariffs will raise solar cell tariffs from 25% to 50% and electric vehicle tariffs to 100%, prompting a surge in trading for companies perceived as beneficiaries [2] - Speculation around artificial intelligence (AI) infrastructure is also influencing energy stocks, with Bloom Energy identified as a potential winner due to its ability to provide clean, on-demand power to data centers [4] Group 1: Tariffs Impact - The Biden administration's tariff plan is set to increase solar cell tariffs from 25% to 50% and electric vehicle tariffs to 100%, which has led to a trading rush for companies that could benefit [2] - Bloom Energy's stock rose by as much as 27.7% and American Superconductor's by 12.9% following the announcement of these tariffs [1] - However, both Bloom Energy and American Superconductor are currently unprofitable, raising questions about their long-term viability despite the tariff protections [2] Group 2: AI Speculation - There is significant speculation regarding which companies will benefit from the ongoing AI boom, with Bloom Energy highlighted as a potential major beneficiary due to its clean energy solutions for data centers [4] - The market is currently experiencing an "AI frenzy," with substantial investments being funneled into AI, which is expected to increase energy demand [4] - Despite the optimism, there are doubts about whether Bloom Energy and similar companies can achieve profitability from the anticipated rise in demand driven by AI [5] Group 3: Market Challenges - Li Auto is facing challenges due to a reduced addressable market in the U.S. and has announced delays for new SUV models until 2025, amidst ongoing price wars in China [2] - Historical trends suggest that tariffs may not lead to improved outcomes for U.S. companies, as Chinese manufacturers often find ways to circumvent such measures [5] - The current market movements in clean energy stocks are largely driven by speculation rather than fundamental progress, indicating caution for potential investors [5]

Core Viewpoint - AMSC plans to release its fourth quarter and fiscal year 2023 financial results on May 29, 2024, followed by a conference call on May 30, 2024, to discuss recent accomplishments, financial results, and business outlook [1]. Group 1: Financial Results Announcement - AMSC will announce its fourth quarter and fiscal year 2023 financial results after market close on May 29, 2024 [1]. - A conference call with investors and analysts is scheduled for May 30, 2024, at 10:00 a.m. Eastern Time [1]. Group 2: Conference Call Details - Investors can access the live or archived conference call via the "Investors" section of AMSC's website [2]. - The live call can be joined by dialing 1-844-481-2802 or 1-412-317-0675, starting 15 minutes before the scheduled time [2]. - A replay of the call will be available 2 hours after the call by dialing 1-877-344-7529 with the conference passcode 4825680 [2]. Group 3: Company Overview - AMSC is a provider of megawatt-scale power resiliency solutions, focusing on optimizing power grid performance and enhancing Navy fleet capabilities [3]. - The company offers various solutions, including Gridtec™ for grid systems, Marinetec™ for ship protection and power management, and Windtec® for wind turbine controls [3]. - AMSC aims to meet global energy demands through smarter and cleaner energy solutions, with operations in Asia, Australia, Europe, and North America [3].

AYER, Mass., May 23, 2024 (GLOBE NEWSWIRE) -- AMSC® (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, announced today that it plans to release its fourth quarter and fiscal year 2023 financial results after the market close on Wednesday, May 29, 2024. In conjunction with this announcement, AMSC management will participate in a conference call with inve ...

Group 1: Stock Market Insights - Successful stock pickers, including Warren Buffett, often buy stocks on weakness, as companies may decline for unjustified reasons [1] - Super Micro Computer (SMCI) saw its stock drop to $817.08 on Feb. 21, but those who bought above $700 and sold near $1,033 on Mar. 28 could have made nearly 50% profit [1] Group 2: Enphase Energy (ENPH) - Enphase Energy's stock fell over 10% on Apr. 5 due to the departure of Chief Commercial Officer David Ranhoff, but this is not expected to significantly impact the company [2] - The company faces temporary challenges from regulatory changes in California and excess inventories in Europe, but long-term demand for solar energy is expected to increase [2][3] Group 3: Intel (INTC) - Intel's manufacturing unit reported operational losses of $7 billion last year, up from $5.2 billion in 2022, leading to a 15% stock retreat [5] - The manufacturing unit's backlog exceeds $15 billion, and Intel expects to break even by 2027, with favorable reviews for its AI Gaudi chips [5][6] Group 4: American Superconductor (AMSC) - American Superconductor sells products for electricity regulation and serves industries with increasing electricity demand, particularly in semiconductors and mining [7] - The stock is down 13% from its March high of $15, trading at a forward price-sales ratio of three times [7]