Financial Performance - Revenues for Q4 FY2024 were $66.7 million, a 59% increase from $42.0 million in Q4 FY2023[2] - Net income for Q4 FY2024 was $1.2 million, or $0.03 per share, compared to a net loss of $1.6 million, or $0.05 per share in Q4 FY2023[3] - Full year revenues for FY2024 reached $222.8 million, up 53% from $145.6 million in FY2023[4] - Full year net income for FY2024 was $6.0 million, a significant improvement from a net loss of $11.1 million in FY2023[5] - The company reported a non-GAAP net income of $4.8 million for Q4 FY2024, compared to $1.9 million in Q4 FY2023[3] - Net income for the year ended March 31, 2025, was $6,033,000, a significant improvement from a net loss of $11,111,000 in the previous year[22] - Non-GAAP net income for the year ended March 31, 2025, was $24,037,000, compared to $621,000 in 2024, indicating a substantial increase[23] - The company expects a non-GAAP net income of $4,000,000 for the three months ending June 30, 2025, with a non-GAAP net income per share of $0.10[24] Cash Flow and Assets - The company generated $6.3 million of operating cash flow in Q4 FY2024, contributing to a stronger balance sheet[8] - Cash flows from operating activities provided $28,285,000 in 2025, a notable rise from $2,138,000 in 2024[22] - Cash, cash equivalents, and restricted cash totaled $85.4 million as of March 31, 2025[6] - Cash, cash equivalents, and restricted cash at the end of the year were $85,381,000, down from $92,280,000 at the beginning of the year[22] Liabilities and Equity - Total current liabilities rose to $99,764,000 in March 2025, compared to $78,808,000 in March 2024, reflecting an increase of 26.5%[20] - The company reported a total stockholders' equity of $197,114,000 as of March 31, 2025, up from $144,571,000 in the previous year, marking a growth of 36.4%[20] Orders and Future Expectations - AMSC secured $75 million in new orders, bringing total year-end orders to nearly $320 million, a record high[7] - For Q1 FY2025, AMSC expects revenues to be between $64.0 million and $68.0 million, with net income projected to exceed $1.0 million[10] Strategic Initiatives - AMSC aims to broaden its offerings and enter new sectors to strengthen customer relationships and enhance long-term success[7] Acquisition and Expenses - The company incurred $29,577,000 in cash paid for the NWL acquisition, net of cash acquired[22] - Stock-based compensation expense increased to $7,794,000 for the year ended March 31, 2025, compared to $4,652,000 in 2024[22] Asset Growth - Total assets increased to $310,521,000 in March 2025, up from $232,771,000 in March 2024, representing a growth of 33.4%[19]
American Superconductor (AMSC) - 2025 Q4 - Annual Results