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Stock impact report

AMSC Reports Fourth Quarter and Full Fiscal Year 2020 Financial Results and Provides Business Outlook

American Superconductor Corporation (AMSC) 
Last american superconductor corporation earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.amsc.com/investor-relations
Company Research Source: GlobeNewswire
AYER, Mass., June 02, 2021 (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 that protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its fourth quarter and fiscal year ended March 31, 2021 ("fiscal 2020"). Revenues for the fourth quarter of fiscal 2020 were $21.2 million compared with $18.1 million for the same period of fiscal 2019. The year-over-year increase was driven by higher Grid segment revenues.  AMSC’s net loss for the fourth quarter of fiscal 2020 was $7.6 million, or $0.29 per share, compared to net loss of $5.9 million, or $0.27 per share, for the same period of fiscal 2019. The Company’s non-GAAP net loss for the fourth quarter of fiscal 2020 was $5.6 million, or $0.21 per share, compared with a non-GAAP net loss of $5.1 million, or $0.24 per share, in the same period of fiscal 2019. P Show less Read more
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