AMSC: Q3 Financial Outlook
Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.
AMSC (NASDAQ:AMSC), a global solutions provider serving wind and power grid industry leaders, announced updated financial guidance for its third fiscal quarter ending December 31, 2015. The company now expects its revenues to be in the range of $22 million to $24 million for the third quarter of fiscal 2015, which is higher than its previous guidance of $19 million to $22 million. The improved outlook on third quarter revenues is driven primarily by higher than anticipated revenues in the company's Wind segment. As a result of the higher than anticipated revenues, the company now expects its net loss to be less than $4.5 million, or $0.33 per share, compared to its previous forecast of less than $5.5 million or $0.40 per share. The company's non-GAAP net loss is now expected to be less than $7.5 million or $0.54 per share, compared to its previous forecast of less than $8.5 million or $0.62 per share. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP forecasted results.
"We now believe revenues in our Wind segment will be higher than we previously expected," said Daniel P. McGahn, President and CEO, AMSC. "As a result of these higher than anticipated revenues and improved collections, we now expect our cash flows in the third fiscal quarter to be roughly neutral, resulting in an expected ending balance of cash, cash equivalents and restricted cash at the end of the third fiscal quarter to be roughly equivalent to the balance at the end of the second fiscal quarter."
About AMSC (NASDAQ: AMSC)
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 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 www.amsc.com.