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American Superconductor Corp (AMSC.OQ)

AMSC.OQ on NASDAQ Stock Exchange Global Select Market

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28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

AMSC sees Q1 2018 revenue $8 mln-$9 mln
Wednesday, 26 Apr 2017 04:15pm EDT 

April 26 (Reuters) - American Superconductor Corp :AMSC announces preliminary financial results.Sees q4 2016 revenue $15 million to $16 million.Sees fy 2016 revenue $74 million to $75 million.Sees q1 2018 revenue $8.0 million to $9.0 million.American Superconductor Corp - net loss and non-gaap net loss for q4 of fiscal 2016 are both expected to be higher than its previous guidance.Q4 revenue view $24.6 million -- Thomson Reuters I/B/E/S.Fy2016 revenue view $88.7 million -- Thomson Reuters I/B/E/S.  Full Article

American Superconductor announces four new D-VAR orders valued at about $8 mln
Thursday, 20 Apr 2017 04:15pm EDT 

April 20 (Reuters) - American Superconductor Corp -:Announced four new D-VAR statcom system orders valued at approximately $8.0 million.Revenue from these four D-VAR orders is expected to be recognized in fiscal year 2017.  Full Article

American Superconductor says board approved plan to reduce co's global workforce by about 8 pct, effective April 4 - SEC Filing
Tuesday, 4 Apr 2017 12:28pm EDT 

American Superconductor Corp : On April 3 co's board approved a plan to reduce co's global workforce by approximately 8 percent, effective April 4 . The majority of the affected employees are located at the company’s Devens, Massachusetts office location - SEC Filing . Is currently evaluating whether any non-cash restructuring charges will be incurred - SEC Filing . David A. Henry resigned from offices of executive vice president, CFO and treasurer of co, effective April 4, 2017 . Board appointed John W. Kosiba, as senior vice president, chief financial officer .Henry has agreed to remain employee of co,assist with transition of responsibilities,other related matters until June 30, 2017.  Full Article

American Superconductor Corp plans to reduce operating costs, align organization for anticipated Grid segment growth
Tuesday, 4 Apr 2017 12:00pm EDT 

American Superconductor Corp : American Superconductor Corp - plans to reduce operating costs and align organization for anticipated Grid segment growth . American Superconductor Corp - intends to focus on optimizing manufacturing capacity requirements of company, as well as aligning headcount . American Superconductor - currently exploring options for moving manufacturing, administrative operations at devens, to nearby, smaller-scale building . American Superconductor-expects to reduce annualized expenses by about $4 - $5 million once savings are realized,which is expected to occur by end of fy 2017 .American Superconductor - anticipates to incur cash-related restructuring charges of about $1.5- $2 million for severance-related costs in quarter ending june 30.  Full Article

AMSC reports Q3 loss per share $0.20
Monday, 6 Feb 2017 08:30am EST 

American Superconductor Corp - : AMSC reports third quarter fiscal 2016 financial results and provides business outlook . Sees Q4 2016 loss per share $0.39 . Q3 loss per share $0.20 . Q3 revenue $27.1 million versus I/B/E/S view $25.5 million . Q3 earnings per share view $-0.32 -- Thomson Reuters I/B/E/S . Q3 non-gaap loss per share $0.21 . For Q4 ending March 31, 2017, AMSC expects that its revenues will be in range of $22.0 million to $26.0 million . Q4 earnings per share view $-0.38, revenue view $26.5 million -- Thomson Reuters I/B/E/S .Expects a minimal cash burn of less than $2.0 million in Q4.  Full Article

American Superconductor sees Q3 2016 revenue $26-$27 mln
Friday, 27 Jan 2017 04:10pm EST 

American Superconductor Corp : AMSC announces preliminary third quarter fiscal 2016 results . Sees Q3 2016 revenue $26 million to $27 million . For Q3 of fiscal year 2016, AMSC expects its revenues to be in range of $26 - $27 million . Revenues are expected to increase in both wind and grid segments in third fiscal quarter compared to same quarter a year ago . Revenues are expected to increase in both wind and grid segments in Q3 compared to same quarter a year ago . For Q3 co expects its net loss to be in range of $2.5 - $3.0 million . Q3 earnings per share view $-0.52, revenue view $23.8 million -- Thomson Reuters I/B/E/S . Entered into market issuance sales agreement with FBR capital markets to sell $10.0 million of shares through FBR .Proceeds from atm are expected to be used to fund growth initiatives in company's grid segment.  Full Article

Nexans and AMSC partner to market superconductor power cables
Monday, 29 Aug 2016 09:07am EDT 

Nexans SA :AMSC and Nexans announce a partnership to market and sell AMSC's resilient electric grid (REG) system, and other high performance superconductor power cables, in U.S. and Canada.  Full Article

American Superconductor gets notification of Hainan higher people's court's dismissal of civil action filed by Suzhou AMSC Superconductor
Tuesday, 23 Aug 2016 05:03pm EDT 

American Superconductor Corp : On August 17 received notification that Hainan higher people's court dismissed civil action filed by Suzhou AMSC superconductor .Expects to file an appeal of Hainan higher people’s court’s decision with China's supreme people’s court.  Full Article

AMSC Q1 loss per share $0.76
Tuesday, 9 Aug 2016 08:30am EDT 

American Superconductor Corp : Amsc reports first quarter fiscal 2016 financial results and provides business outlook . Q1 loss per share $0.76 . Q1 revenue $13.3 million versus i/b/e/s view $13.4 million . Q1 non-gaap loss per share $0.64 . Sees q2 2016 loss per share $0.88 . Sees q2 2017 revenue $16 million to $18 million . Q1 earnings per share view $-0.92 -- Thomson Reuters I/B/E/S . Q2 earnings per share view $-0.53, revenue view $23.7 million -- Thomson Reuters I/B/E/S .Expects that its non-gaap net loss for q2 of fiscal 2016 will be less than $12.0 million, or $0.85 per share.  Full Article

American Superconductor reports Q4 loss per share $0.25
Tuesday, 31 May 2016 08:30am EDT 

American Superconductor Corp : AMSC reports fourth quarter and fiscal 2015 financial results and provides business outlook . Q4 non-GAAP loss per share $0.28 . Sees Q1 2017 revenue $12 million to $14 million . Q4 revenue view $20.2 million -- Thomson Reuters I/B/E/S . Sees Q1 2016 loss per share $0.94 . Q4 loss per share $0.25 . Q4 revenue $27.5 million versus $25.1 million .Q4 earnings per share view $-0.60 -- Thomson Reuters I/B/E/S.  Full Article

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BRIEF-AMSC sees Q1 2018 revenue $8 mln-$9 mln

* American Superconductor Corp - net loss and non-gaap net loss for q4 of fiscal 2016 are both expected to be higher than its previous guidance