Financial Performance - Total revenues increased 60% to $54.5 million for the three months ended September 30, 2024, and 47% to $94.8 million for the six months ended September 30, 2024, compared to the same periods in 2023[146] - Grid business unit revenues increased 65% to $46.9 million in the three months ended September 30, 2024, and 46% to $79.3 million in the six months ended September 30, 2024, driven by the acquisition of Megatran and increased shipments of new energy power systems[147] - Wind business unit revenues increased 37% to $7.5 million in the three months ended September 30, 2024, and 55% to $15.5 million in the six months ended September 30, 2024, driven by additional shipments of electrical control systems at increased prices[149] - Gross margin improved to 29% for both the three and six months ended September 30, 2024, compared to 25% and 23% in the same periods in 2023, due to higher revenues, favorable product mix, and pricing increases[150] - Net income improved to $4.9 million in the three months ended September 30, 2024, and $2.4 million in the six months ended September 30, 2024, compared to net losses of $2.5 million and $7.9 million in the same periods in 2023, driven by deferred tax liability from the Megatran acquisition and increased revenues[162] - Non-GAAP net income was $10.0 million in the three months ended September 30, 2024, and $13.2 million in the six months ended September 30, 2024, compared to $0.1 million and a loss of $2.1 million in the same periods in 2023, driven by higher revenues and gross margins[164] Business Operations - The company operates under two business units: Grid and Wind, focusing on power grid solutions and wind turbine technologies respectively[134][135][136] - The company's Grid business segment provides transmission planning services and grid interconnection solutions for renewable energy projects[135] - The Wind business segment supplies advanced power electronics and control systems, and licenses wind turbine designs[136] - The company's core technologies include PowerModule™ programmable power electronic converters and Amperium® high temperature superconductor wires[133] - The company's success depends on the commercial adoption of its REG system, which is currently limited[128] Acquisitions and Investments - The company acquired Megatran for $61.4 million, including a cash payment of $5.0 million and 1,297,600 restricted shares of common stock[143] - Megatran's subsidiary, NWL, Inc., is a U.S.-based provider of engineered power conversion solutions for industrial and military applications[143] - The acquisition of Megatran was completed on August 1, 2024, for an aggregate consideration of $61.4 million, with an additional cash payment of $8.3 million made on September 23, 2024[171] - The company recorded a $3.3 million payment relating to the Megatran acquisition to settle remaining obligations, with the contingent consideration value being de minimis at the acquisition date[154] Financial Transactions and Liquidity - The company completed an offering of 6,210,000 shares of common stock at $11.25 per share, receiving net proceeds of approximately $65.2 million[142] - The company completed a public offering of 6,210,000 shares of common stock at $11.25 per share, raising net proceeds of approximately $65.2 million in February 2024[170] - The company filed a shelf registration statement (First Form S-3) in January 2024, allowing it to offer and sell up to $250 million of securities[169] - A second shelf registration statement (Second Form S-3) was filed in August 2024, allowing the company to offer and sell securities and assist selling stockholders in reselling their common stock[172] - The company believes it has sufficient liquidity to fund operations and capital expenditures for the next twelve months, supported by the $65.2 million equity raise in February 2024[178] Expenses and Costs - Research and development expenses increased 61% to $2.6 million in the three months ended September 30, 2024, and 41% to $4.9 million in the six months ended September 30, 2024, driven by higher compensation and additional supplies[151] - Selling, general, and administrative expenses increased 32% to $10.5 million in the three months ended September 30, 2024, and 23% to $19.4 million in the six months ended September 30, 2024, due to higher compensation and acquisition costs[152] - The company faces inflationary pressure and supply chain disruptions, which have increased costs and decreased gross margins[139] Cash Flow and Financial Position - Cash, cash equivalents, and restricted cash decreased to $74.8 million as of September 30, 2024, from $92.3 million as of March 31, 2024, a decrease of $17.5 million[173] - Net cash provided by operating activities for the six months ended September 30, 2024, was $16.1 million, compared to cash used in operations of $1.3 million for the same period in 2023[173] - Net cash used in investing activities for the six months ended September 30, 2024, was $33.5 million, primarily due to the acquisition of Megatran[174] - Restricted cash included in long-term assets increased to $1.5 million as of September 30, 2024, from $1.3 million as of March 31, 2024[175] - As of September 30, 2024, the company had an accumulated deficit of $1,064.3 million[167] Tax and Accounting - The company received $3.0 million in payments for Employee Retention Credit (ERC) claims, with the remaining balance expected to be paid during fiscal 2024[141] - The company is evaluating the impact of recent accounting pronouncements, including ASU 2023-07, ASU 2023-09, and ASU 2024-02, on its financial statements[180][181][182]

Exhibit 99.1 AMSC Reports Second Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook Financial Highlights: • Reported Second Quarter Net Income of Nearly $5 Million • Generated Nearly $13 Million of Operating Cash Flow During the Quarter • Increased Revenue by 60% Year Over Year to Above $54 Million Company to host conference call tomorrow, October 31, at 10:00 am ET Ayer, MA – October 30, 2024 – AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions ...

American Superconductor Corporation (AMSC) is scheduled to report its second-quarter fiscal 2024 results on Oct. 30.For the fiscal second quarter, AMSC expects revenues in the band of $50-$55 million. The Zacks Consensus Estimate is pegged at $50.9 million, indicating a rise of 49.7% 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 second-quarter non-GAAP loss of not more than 5 cents per share. T ...

Core Points - AMSC plans to release its second quarter fiscal year 2024 financial results on October 30, 2024, after market close [1] - AMSC management will hold a conference call on October 31, 2024, at 10:00 a.m. Eastern Time to discuss recent accomplishments, financial results, and business outlook [1] - The conference call can be accessed live or archived through the company's website or by dialing specific phone numbers [2] Company Overview - AMSC is a leading provider of megawatt-scale power resiliency solutions, focusing on optimizing power grid performance and enhancing Navy fleet capabilities [1][3] - The company offers various solutions, including Gridtec™ for grid reliability, Marinetec™ for ship protection and power management, and Windtec® for wind energy cost reduction [3] - AMSC was founded in 1987 and is headquartered near Boston, Massachusetts, with operations across Asia, Australia, Europe, and North America [3]

American Superconductor Corporation (AMSC) has demonstrated remarkable growth, with its stock surging nearly 97% over the past six months. The stock has outpaced the Zacks Electronics - Miscellaneous Components industry, The Technology Select Sector SPDR Fund (XLK) ETF and the S&P 500 index’s rise of 11.2%, 17% and 15.2% over the same period.AMSC stock has also outperformed other players in the Electronics - Miscellaneous Components industry space, including Ballard Power Systems (BLDP) and OSI Systems (OSI ...

Group 1 - American Superconductor (AMSC) has shown a year-to-date return of 122%, significantly outperforming the Computer and Technology sector's average return of 26.5% [2][3] - The Zacks Consensus Estimate for AMSC's full-year earnings has increased by 477.8% over the past three months, indicating improved analyst sentiment and a more positive earnings outlook [2] - AMSC is currently ranked 2 (Buy) in the Zacks Rank system, which emphasizes earnings estimates and revisions [1] Group 2 - AMSC belongs to the Electronics - Miscellaneous Components industry, which consists of 28 companies and is currently ranked 64 in the Zacks Industry Rank, with an average gain of 10.6% this year [3] - Broadcom Inc. (AVGO), another stock in the Computer and Technology sector, has a year-to-date return of 62.6% and is ranked 2 (Buy) in the Zacks Rank [2][3] - The Electronics - Semiconductors industry, to which Broadcom belongs, is ranked 103 and has gained 45.4% so far this year [3]

Core Viewpoint - American Superconductor, a Massachusetts-based company, has seen its shares increase by 276% over the last 12 months, driven by new business ventures and contracts, particularly in military applications [1] Business Overview - American Superconductor specializes in producing specialty wires and electronic equipment primarily for power companies and manufacturers, playing a crucial role in the U.S. power grid as the demand for renewable energy rises [1] - The company has historically struggled financially, but recent contracts, such as a $75 million deal with the Canadian Navy for its Ship Protection Systems, indicate a turning point [2][4] Product and Technology - The Ship Protection Systems (SPS) utilize superconductor technology to reduce a ship's magnetic signature, making it harder to detect by mines, and have been integrated into the U.S. Navy's San Antonio Class ships [3][4] - AMSC's SPS currently accounts for about 10% of total revenue, while the majority of revenue (approximately 75%) comes from improving and maintaining the electrical grid [4] Financial Performance - The company reported annual revenue of $146 million, up from $106 million the previous year, and achieved a non-GAAP net income of $3 million in the latest quarter, marking a significant recovery since its financial struggles began in 2011 [8][9] - AMSC's acquisition of NWL for $61 million is expected to enhance revenue and profitability, particularly due to NWL's established military customer base [9][10] Market Position and Strategy - Despite being a smaller player in a competitive market dominated by larger companies like ABB and General Electric, AMSC is focusing on strategic project bidding to ensure sustainable growth [10] - The management emphasizes building a resilient business model that can withstand various economic and political climates, aiming for steady growth in sectors like renewable energy and military technology [11]

These companies are each helping to build the next-generation electricity grid.The two big trends for the rest of the decade will be artificial intelligence and electrification.Behind both of those megatrends? Electricity ... and lots of it.In fact, electricity demand is growing in the U.S. at a rate we haven't experienced in over 20 years. According to Goldman Sachs (GS 0.32%), U.S. electricity demand will grow at a 2.4% annualized rate through the end of this decade. While that doesn't sound like much, co ...

Core Viewpoint - The Federal Reserve's decision to cut the benchmark lending rate by 50 basis points is expected to benefit small businesses, leading to potential investment opportunities in this sector [1][4]. Small Business Sector - Small businesses have faced significant challenges since the COVID-19 pandemic, including demand issues and supply chain disruptions [3]. - Post-pandemic, inflation and high-interest rates have further strained small businesses, which typically operate on thin profit margins and lack geographical diversification [3]. - A decline in interest rates is crucial for the survival of small-cap stocks, as they rely heavily on affordable credit [4]. Investment Opportunities - Five small-cap companies are identified as having strong growth potential and positive earnings estimates for the remainder of 2024: EZCORP Inc., American Superconductor Corp., Byrna Technologies Inc., Lifeway Foods Inc., and Willdan Group Inc. [2][5]. - These companies have shown significant stock price increases year-to-date, with further upside potential [2]. Company Summaries EZCORP Inc. - EZCORP provides pawn services across the U.S. and Latin America, operating through multiple segments and offering a web-based application for customer transactions [6]. - Expected revenue and earnings growth rates for EZCORP are 7.6% and 8.9%, respectively, with a short-term stock price upside of 47.5% from an average target price of $16 [7]. American Superconductor Corp. - AMSC offers power resiliency solutions globally, focusing on grid and wind segments [8]. - The company anticipates a revenue growth rate of 41.6% and earnings growth of over 100%, with a stock price upside of 38.5% from an average target price of $30.33 [9]. Byrna Technologies Inc. - Byrna develops and sells less-lethal personal security solutions, targeting both consumer and professional markets [10]. - The expected revenue growth rate is 86.3%, with earnings growth exceeding 100%, and a stock price upside of 28.9% from an average target price of $19.42 [11]. Lifeway Foods Inc. - Lifeway produces probiotic-based products, primarily drinkable kefir, and markets them under various brand names [12]. - The company projects revenue and earnings growth rates of 24.8% and 32%, respectively, with a stock price upside of 21.6% from an average target price of $26.50 [13]. Willdan Group Inc. - Willdan provides professional and consulting services in energy and engineering [14]. - The expected revenue and earnings growth rates for Willdan are 29.5% and 20%, respectively, with a stock price upside of 19.2% from an average target price of $49 [15].

The Zacks Electronics - Miscellaneous Components industry is benefiting from the ongoing automation drive, and increased spending by manufacturers of semiconductors, automobiles, machinery and mobile phones. Notably, industry players like Fabrinet (FN) , Novanta (NOVT) , OSI Systems (OSIS) and American Superconductor (AMSC) are well-poised to benefit from the solid adoption of AI and the democratization of IoT techniques, which are transforming robotics, industrial automation, transportation systems, retail ...