Financial Performance - Total revenues increased 56% to $61.4 million for the three months ended December 31, 2024, and increased 51% to $156.2 million for the nine months ended December 31, 2024, compared to $39.4 million and $103.6 million for the same periods in 2023[140]. - The Grid business segment accounted for 85% of total revenues for the three months ended December 31, 2024, with revenues increasing 56% to $52.3 million, while the Wind segment accounted for 15% with revenues increasing 58% to $9.1 million[141][142]. - Net income was $2.5 million for the three months ended December 31, 2024, and $4.8 million for the nine months ended December 31, 2024, compared to net losses of $1.6 million and $9.5 million for the same periods in 2023[154]. - Non-GAAP net income was $6.0 million for the three months ended December 31, 2024, and $19.3 million for the nine months ended December 31, 2024, compared to $0.9 million and a non-GAAP net loss of $1.3 million for the same periods in 2023[156]. - Gross margin improved to 27% and 28% for the three and nine months ended December 31, 2024, respectively, compared to 25% and 24% for the same periods in 2023, driven by higher revenues and a favorable product mix[143]. Business Segments - The company operates under two business segments: Grid and Wind, focusing on power resiliency solutions and advanced power electronics[132]. - The Grid business segment provides transmission planning services and sells ship protection products to the U.S. Navy, enhancing power grid efficiency and reliability[133]. - The Wind business segment supplies advanced power electronics and control systems to wind turbine manufacturers, with a design portfolio including drivetrains of 2 megawatts and higher[133]. Acquisitions and Investments - The acquisition of Megatran was completed for an aggregate consideration of $61.4 million, including a cash payment of $25.0 million at closing and additional payments totaling $8.3 million[137]. - Net cash used in investing activities for the nine months ended December 31, 2024, was $34.1 million, primarily due to the acquisition of Megatran[165]. - The company acquired Megatran for an aggregate consideration of $61.4 million, which included a cash purchase price of $25.0 million and additional stock and cash payments[162]. Liquidity and Capital Resources - As of December 31, 2024, the company had cash, cash equivalents, and restricted cash totaling $80.0 million, a decrease of $12.3 million from $92.3 million as of March 31, 2024[164]. - The company believes it has sufficient liquidity to fund operations and capital expenditures for the next twelve months, having raised $65.2 million in February 2024[170]. - The company filed a shelf registration statement allowing it to offer and sell up to $250 million of securities to fund future capital needs[160]. - The company continues to monitor expenses and may reduce operating and capital spending to enhance liquidity if required[170]. Tax Credits - The company reported a total of $3.3 million in payroll tax credits recognized in the quarter ended March 31, 2023, related to the Employee Retention Credit under the CARES Act[135]. - The company anticipates receiving the remaining balance of the payroll tax credits during fiscal 2025[135]. Research and Development - Research and development expenses increased 36% to $3.0 million for the three months ended December 31, 2024, and 39% to $7.9 million for the nine months ended December 31, 2024, primarily due to the addition of Megatran R&D expenses[144]. Financial Challenges - The company recorded a loss of $3.4 million related to the change in fair value of contingent consideration for the acquisition of NEPSI during the nine months ended December 31, 2024[147]. - As of December 31, 2024, the company had an accumulated deficit of $1,061.8 million[158]. - The condensed consolidated statements of comprehensive loss for the three and nine months ended December 31, 2024, and 2023 highlight the company's financial challenges[187]. Regulatory and Compliance - The report was signed by John W. Kosiba, Jr., the Chief Financial Officer, indicating accountability for the financial disclosures[190]. - The filing date of the report is February 5, 2025, which is relevant for regulatory compliance[191].

Third Quarter Financial Highlights: • Increased Revenue by 56% Year Over Year to Above $60 Million• Net Income of over $2 Million• Generated nearly $6 Million of Operating Cash Flow Company to host conference call tomorrow, February 6, at 10:00 am ET AYER, Mass., Feb. 05, 2025 (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 and resiliency of ou ...

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AYER, Mass., Jan. 30, 2025 (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 third quarter fiscal year 2024 financial results after the market close on Wednesday, February 5, 2025. In conjunction with this announcement, AMSC management will participate in a conference call with inve ...

American Superconductor Corporation (AMSC) is expected to report its third-quarter fiscal 2024 results on Jan. 22. For the fiscal third quarter, AMSC expects revenues in the band of $55-$60 million. The Zacks Consensus Estimate is pegged at $56.85 million, indicating a rise of 44.5% from the year-ago period’s reported figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.American Superconductor anticipates a fiscal third-quarter non-GAAP loss of not more than 5 cents per share. The ...

Performance and Market Position - American Superconductor Corporation (AMSC) delivered a remarkable 185.1% return over the past year, outperforming the Zacks Electronics - Miscellaneous Components industry, the S&P 500, and the Technology Select Sector SPDR Fund (XLK) ETF [1] - AMSC shares have outperformed competitors like Ballard Power Systems (BLDP) and OSI Systems (OSIS) in the Electronics - Miscellaneous Components industry [2] Renewable Energy and Grid Modernization - AMSC's success is driven by its strategic positioning in the renewable energy and grid modernization sectors, with a portfolio including advanced grid interconnection systems, high-temperature superconductor cables, and wind turbine designs [4] - Recent contract wins, such as a $75-million agreement with the Royal Canadian Navy and a $12-million follow-on order from InoxWinds, highlight AMSC's ability to secure steady revenue streams and reinforce confidence in its execution capabilities [5] Diversified Offerings and Market Expansion - AMSC's diversified offerings cater to utilities, renewables, and defense industries, with strong demand for its D-VAR systems and advanced wind turbine designs [6] - The acquisition of NWL expands AMSC's footprint in the military and industrial markets, positioning it to benefit from rising global defense budgets and increased naval investments [6][7] Financial Performance and Growth Potential - AMSC reported a 60.3% year-over-year increase in revenues in Q2 fiscal 2025, reaching $54.5 million [9] - The Zacks Consensus Estimate forecasts revenue growth of 44.7% in fiscal 2025 and 19.6% in fiscal 2026, with earnings per share expected to rise from 2 cents in fiscal 2024 to 50 cents in fiscal 2025 and 55 cents in fiscal 2026 [9] - AMSC has consistently surpassed earnings expectations, with an average surprise of 328.2% over the past four quarters [10] Valuation and Investment Considerations - AMSC's forward 12-month price-to-sales (P/S) ratio of 4.5 is significantly higher than the industry average of 2.47, reflecting its technological edge but also suggesting limited near-term upside [11] - Despite its premium valuation, AMSC's leadership in clean energy, grid modernization, and defense opportunities makes it a compelling long-term investment [13][14]

American Superconductor Corporation (AMSC) has been a respected name in the energy technology space, specializing in power systems and superconductors. However, with the stock’s high valuation, multiple concerns are rising about whether AMSC's premium valuation is justified in the current market.American Superconductor stock is trading at a premium, with a forward 12-month price-to-earnings (P/E) ratio of 46.87 compared with the Zacks Electronics - Miscellaneous Components industry’s 21.14. Similarly, its f ...

Building a portfolio with stocks that have robust liquidity levels will likely work for investors seeking healthy returns. Liquidity measures a company’s capability to meet its short-term debt obligations. Stocks with high liquidity levels have always been in demand, owing to their potential to provide maximum returns.Investors can consider adding stocks like American Superconductor Corporation (AMSC) , Ubiquiti Inc. (UI) , Sezzle Inc. (SEZL) and monday.com Ltd. (MNDY) to their portfolios to boost returns.H ...

Technology stocks are having a terrific 2024 thanks to strong demand for Artificial Intelligence (AI)-enabled services that are helping in the ongoing digital transformation. The rapid evolution of Generative AI (GenAI) technology is noteworthy, and it continues to attract large spending from big technology companies, including Alphabet, Meta Platforms and Microsoft (MSFT) .The strong demand for data center chips that can power huge Large Language Models (LLMs) bodes well for semiconductor sales. The World ...

Creating a portfolio with favorable liquidity stocks is likely to work in favor of investors seeking healthy returns. Liquidity measures a company’s capability to meet short-term debt obligations. Stocks with high liquidity levels have always been in demand, owing to their potential to provide maximum returns.Investors can consider adding stocks like American Superconductor Corporation (AMSC) , Frontdoor, Inc. (FTDR) , Sezzle Inc. (SEZL) and Vimeo, Inc. (VMEO) to their portfolios to boost returns.However, o ...