American Superconductor (AMSC) - 2024 Q4 - Annual Results

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 ...