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American Superconductor | 8-K: AMSC Reports First Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook

American Superconductor | 8-K: AMSC Reports First Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook

美國超導 | 8-K:AMSC公佈2024財年第一季度財務業績並提供業務展望
美股SEC公告 ·  2024/08/07 04:16

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American Superconductor reported strong Q1 FY2024 results with revenues increasing 33% YoY to $40.3M, driven by higher shipments of new energy power systems and electrical control systems. The company narrowed its GAAP net loss to $2.5M ($0.07 per share) from $5.4M ($0.19 per share) last year, while achieving non-GAAP net income of $3.0M ($0.09 per share).The company demonstrated solid operational performance, generating $3.4M in operating cash flow and expanding gross margins. Cash position strengthened to $95.5M as of June 30, 2024. During Q1, AMSC secured over $127M in new orders, including its first Ship Protection System contract with an allied navy and third 3MW ECS order from Inox Wind, building total backlog to $250M.For Q2 FY2024, AMSC expects revenues of $38-42M and GAAP net loss not to exceed $1.7M ($0.05 per share), with non-GAAP results projected to be at least breakeven. Operating cash flow is forecast to be breakeven to positive $2.0M, excluding impact from the recently announced NWL acquisition.
American Superconductor reported strong Q1 FY2024 results with revenues increasing 33% YoY to $40.3M, driven by higher shipments of new energy power systems and electrical control systems. The company narrowed its GAAP net loss to $2.5M ($0.07 per share) from $5.4M ($0.19 per share) last year, while achieving non-GAAP net income of $3.0M ($0.09 per share).The company demonstrated solid operational performance, generating $3.4M in operating cash flow and expanding gross margins. Cash position strengthened to $95.5M as of June 30, 2024. During Q1, AMSC secured over $127M in new orders, including its first Ship Protection System contract with an allied navy and third 3MW ECS order from Inox Wind, building total backlog to $250M.For Q2 FY2024, AMSC expects revenues of $38-42M and GAAP net loss not to exceed $1.7M ($0.05 per share), with non-GAAP results projected to be at least breakeven. Operating cash flow is forecast to be breakeven to positive $2.0M, excluding impact from the recently announced NWL acquisition.
美國超導公司報告了2024財年第一季度的強勁業績,收入同比增長33%,達到了4030萬美元,主要得益於新能母基電源系統和電氣控制系統的更高出貨量。該公司將其GAAP淨虧損縮小至250萬美元(每股0.07美元),而去年的淨虧損爲540萬美元(每股0.19美元),同時實現了非GAAP凈利潤300萬美元(每股0.09美元)。該公司展示了穩健的運營表現,產生了340萬美元的運營現金流,並擴大了毛利率。截至2024年6月30日,現金狀況增強至9550萬美元。在第一季度,AMSC獲得超過12700萬美元的新訂單,包括與盟國海軍簽署的首個船舶保護系統合同以及來自Inox Wind的第三個3MW ECS訂單,...展開全部
美國超導公司報告了2024財年第一季度的強勁業績,收入同比增長33%,達到了4030萬美元,主要得益於新能母基電源系統和電氣控制系統的更高出貨量。該公司將其GAAP淨虧損縮小至250萬美元(每股0.07美元),而去年的淨虧損爲540萬美元(每股0.19美元),同時實現了非GAAP凈利潤300萬美元(每股0.09美元)。該公司展示了穩健的運營表現,產生了340萬美元的運營現金流,並擴大了毛利率。截至2024年6月30日,現金狀況增強至9550萬美元。在第一季度,AMSC獲得超過12700萬美元的新訂單,包括與盟國海軍簽署的首個船舶保護系統合同以及來自Inox Wind的第三個3MW ECS訂單,累計訂單總額達到25000萬美元。在2024財年第二季度,AMSC預計收入在3800萬至4200萬美元之間,GAAP淨虧損不超過170萬美元(每股0.05美元),預計非GAAP結果至少達到收支平衡。運營現金流預計將在收支平衡至正200萬美元之間,排除最近宣佈的NWL收購的影響。
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