Key Developments: American Superconductor Corp (AMSC.OQ)

AMSC.OQ on NASDAQ Stock Exchange Global Select Market

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22 Jul 2014
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Latest Key Developments (Source: Significant Developments)

American Superconductor Corp gives Q1 2015 outlook, revenue outlook below analysts' estimates, earnings above analysts' estimates; gives FY 2015 revenue outlook below analysts' estimates
Thursday, 5 Jun 2014 08:31am EDT 

American Superconductor Corp:Expects Q1 2015 revenues in the range of $11 to $13 million.Q1 2015 net loss to be less than $16 million, or $0.20 per share.Q1 2015 non-GAAP net loss will be less than $13.5 million, or $0.17 per share.Q1 2015 revenue of $19 million, net income of $(9.60) million and EPS of ($0.15) - Thomson Reuters I/B/E/S.Reported revenue of $84 mln in FY 2013.Expects FY 2015, revenues to be down slightly compared to FY 2014.FY 2015 revenue of $98 mln - Thomson Reuters I/B/E/S.  Full Article

American Superconductor receives $40 mln follow-on order from Inox Wind
Thursday, 5 Jun 2014 08:30am EDT 

American Superconductor Corp:Receives a $40 mln order for wind turbine electrical control systems (ECS) from Inox Wind Ltd, part of India's Inox Group of Companies.AMSC expects to begin shipments under this new order during the second quarter of fiscal 2014 and expects to complete shipments during calendar year 2015.  Full Article

American Superconductor Corp announces installations of D-VAR STATCOM systems
Thursday, 1 May 2014 08:01am EDT 

American Superconductor Corp:Installed and commissioned three D-VAR STATCOM systems in Africa and the United States.New installations are connecting renewable power plants to the grid and ensuring power quality at industrial sites.Additionally won four new D-VAR contracts in Australia, North America, and South Africa.For all of these new contracts, D-VAR system will be used to meet grid interconnection standards and safely and efficiently connect wind and solar energy generation plants to power grid.  Full Article

American Superconductor Corp updates on Q4 2013 guidance
Wednesday, 19 Mar 2014 12:01pm EDT 

American Superconductor Corp:Expects Q4 2013 revenues to be in the range of $14 to $16 mln and net loss in range of $20 to $22 mln, or $0.27 to $0.30 per share.Expects Q4 2013 non-GAAP net loss in range of $10 to $12 mln or $0.14 to $0.16 per share.Q4 2013 revenue of $20 mln - Thomson Reuters I/B/E/S.  Full Article

American Superconductor Corp issues Q4 2013 guidance
Thursday, 6 Feb 2014 08:02am EST 

American Superconductor Corp:Expects Q4 2013 revenues to exceed $16 million and that its net loss will be less than $16 million, or $0.24 per share.Says this forecast excludes any impact from mark-to-market adjustments related to the company's derivative liability and warrants.Expects that its non-GAAP net loss for its Q4 2013 to be less than $12 million, or $0.18 per share.Q4 2013 revenue of $24 million and EPS of ($0.15) - Thomson Reuters I/B/E/S.  Full Article

American Superconductor Corp Issues Q3 2013 Guidance In Line With Analysts' Estimates
Thursday, 7 Nov 2013 08:00am EST 

American Superconductor Corp announced that for the third quarter of 2013, it expects that its revenues will exceed $18 million and that its net loss will be less than $17 million, or $0.28 per share. This forecast excludes any impact from mark-to-market adjustments related to the Company's derivative liability and warrants. AMSC expects that its non-GAAP net loss for its third quarter of 2013 will be less than $12 million, or $0.19 per share (EPS). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $29 million, net income of $(10) million and EPS of $(0.16) for the third quarter of 2013.  Full Article

American Superconductor Corp Announces Changes In Registrant’s Certifying Accountant-Form 8-K
Wednesday, 21 Aug 2013 08:46am EDT 

American Superconductor Corp reported in its Form 8-K on August 15, 2013 the Audit Committee of the Company dismissed PricewaterhouseCoopers LLP (PwC) as the Company’s independent registered public accounting firm effective immediately. The reports of PwC on the financial statements of the Company for the fiscal years ended March 31, 2013 and March 31, 2012 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that the report of PwC on the Company’s audited financial statements contained in its Annual Report on Form 10-K for the fiscal year ended March 31, 2013 includes an explanatory paragraph regarding the Company’s ability to continue as a going concern.  Full Article

American Superconductor Corp Reiterates FY 2013 Revenue Guidance
Friday, 14 Jun 2013 10:00am EDT 

American Superconductor Corp reiterated its fiscal 2013 guidance and expects annual revenue growth of at least 25%. The Company reported revenue of reported revenue of $87.42 million for fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $96.20 million fiscal 2013.  Full Article

American Superconductor Corp Issues Q1 2013 Guidance In Line With Analysts' Estimates
Friday, 14 Jun 2013 08:00am EDT 

American Superconductor Corp announced that for the first quarter of 2013, it expects revenues will exceed $22 million and that its net loss will be less than $15 million, or $0.26 per share, and non-GAAP net loss will be less than $11 million, or $0.19 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $24 million and EPS of $(0.18) for first quarter of 2013.  Full Article

American Superconductor Corp Updates On Q4 2012 Revenue Guidance
Monday, 1 Apr 2013 04:15pm EDT 

American Superconductor Corp announced that for fourth quarter of 2012, it expects that its revenues will be between $19 million and $20 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $20 million for fourth quarter of 2012.  Full Article

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