American Superconductor (US:AMSC)2026-02-04 21:07Financial Performance - Revenues for Q3 FY2025 were $74.5 million, a 21.5% increase from $61.4 million in Q3 FY2024, driven by organic growth and the acquisition of Comtrafo[2] - Net income for Q3 FY2025 was $117.8 million, or $2.68 per share, compared to $2.5 million, or $0.07 per share in Q3 FY2024, reflecting a significant tax benefit[3] - Non-GAAP net income for Q3 FY2025 was $123.5 million, or $2.81 per share, up from $6.0 million, or $0.16 per share in the same period last year[3] - Net income for the nine months ended December 31, 2025, was $129.280 million, a significant increase from $4.828 million in the same period of 2024[16] - Non-GAAP net income for the nine months ended December 31, 2025, reached $143.971 million, compared to $19.265 million in 2024, representing a growth of 648%[17] Cash and Assets - Cash, cash equivalents, and restricted cash totaled $147.1 million as of December 31, 2025, compared to $85.4 million at March 31, 2025[4] - Cash, cash equivalents, and restricted cash at the end of the period totaled $147.111 million, an increase from $80.040 million in the previous year[16] - Total assets increased to $719.534 million as of December 31, 2025, compared to $310.521 million on March 31, 2025, reflecting a growth of 131%[15] Expenses - Research and development expenses for Q3 FY2025 were $3.5 million, compared to $3.0 million in Q3 FY2024[13] - Selling, general, and administrative expenses increased to $15.4 million in Q3 FY2025 from $11.6 million in Q3 FY2024[13] - Stock-based compensation expense for the nine months ended December 31, 2025, was $12.114 million, compared to $4.933 million in 2024, indicating a rise of 146%[16] Future Projections - AMSC expects Q4 FY2025 revenues to exceed $80.0 million, with net income projected to exceed $3.0 million, or $0.07 per share[7] - The company expects a non-GAAP net income of $8.0 million for the three months ending March 31, 2026, with a non-GAAP net income per share of $0.17[18] Backlog and Market Demand - AMSC reported a robust 12-month backlog of over $250 million, indicating strong market demand[5] - Total revenues for the nine months ended December 31, 2025, were $212.7 million, nearly matching the total revenue for the entire prior fiscal year[5] Liabilities and Equity - The company reported a total current liabilities of $121.960 million as of December 31, 2025, up from $99.764 million on March 31, 2025[15] - The company reported a total stockholders' equity of $536.836 million as of December 31, 2025, compared to $197.114 million on March 31, 2025, reflecting a growth of 172%[15] Acquisition Costs - The company incurred cash paid for acquisition of $72.096 million during the nine months ended December 31, 2025, compared to $29.577 million in 2024[16]