2023-08-09 16:28:16 ET
- American Superconductor press release ( NASDAQ: AMSC ): FQ1 Non-GAAP EPS of -$0.08 beats by $0.08 .
- Revenue of $30.3M (+33.5% Y/Y) beats by $2.87M .
- Shares +2.93% .
- For the second quarter ending September 30, 2023, AMSC expects that its revenues will be in the range of $29 million to $32 million, vs. consensus of $30.00M.
- The Company’s net loss for the second quarter of fiscal 2023 is expected not to exceed $5.3 million, or $0.19 per share.
- The Company's non-GAAP net loss (as defined below) is expected not to exceed $3.5 million, or $0.12 per share, vs. consensus of -$0.12.
- The Company expects operating cash flow to be a burn of $1.0 million to a positive cash generation of $1.0 million in the second quarter of fiscal 2023.
- The Company expects cash, cash equivalents, and restricted cash on September 30, 2023, to be no less than $21 million.
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American Superconductor Non-GAAP EPS of -$0.08 beats by $0.08, revenue of $30.3M beats by $2.87M