American Superconductor (AMSC): Q1 2017 results

American Superconductor (AMSC) meldet für das erste Quartal des laufenden Geschäftsjahres einen Anstieg des Verlustes. Wir veröffentlichen die Mitteilung des US-amerikanischen Windkraftzulieferers dazu im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

DEVENS, Massachussets - American Superconductor (AMSC), a global solutions provider serving wind and power grid industry leaders, reported financial results for its first quarter of fiscal 2017 ended June 30, 2017.

Revenues for the first quarter of fiscal 2017 were $8.9 million, compared with $13.3 million for the same period of fiscal 2016. Revenues in both the Wind and Grid segments decreased year-over-year.

AMSC’s net loss for the first quarter of fiscal 2017 increased to $15.3 million, or $0.91 per share, from $10.4 million, or $0.76 per share, for the same period of fiscal 2016. The Company’s non-GAAP net loss for the first quarter of fiscal 2017 was $15.4 million, or $0.92 per share, compared with a non-GAAP net loss of $8.7 million, or $0.64 per share, in the same period of fiscal 2016. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.

Cash, cash equivalents and restricted cash on June 30, 2017 totaled $37.7 million, compared with $27.7 million at March 31, 2017.

“Our financial performance in the first quarter was at the top of our expected range,” said Daniel P. McGahn, President and CEO, AMSC. “We remain focused on executing on our objectives for the fiscal year. We understand the changing dynamics of the Indian wind market. We believe that our Wind and Grid segments revenues will improve in the second half of fiscal 2017.”

Business Outlook

For the second quarter ending September 30, 2017, AMSC expects that its revenues will be in the range of $9.0 million to $13.0 million. The Company’s net loss for the second quarter of fiscal 2017 is expected to be less than $14.0 million, or $0.73 per share.  The Company's non-GAAP net loss (as defined below) is expected to be less than $13.5 million, or $0.70 per share. The Company expects a cash burn of $7.0 million to $8.0 million in the second quarter of fiscal 2017.

AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Windtec™ Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. The Company’s solutions are now powering gigawatts of renewable energy globally and are enhancing the performance and reliability of power networks in more than a dozen countries. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit
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