AMSC | Jotup

AMSC Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Provides Business Outlook

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Mercoledì, Maggio 29, 2024

AYER, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and that protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its fourth quarter and fiscal year ended March 31, 2024 ("fiscal 2023").

Key Points:

Revenues for the fourth quarter of fiscal 2023 were $42.0 million compared with $31.7 million for the same period of fiscal 2022.
AMSC’s net loss for the fourth quarter of fiscal 2023 was $1.6 million, or $0.05 per share, compared to net loss of $6.9 million, or $0.25 per share, for the same period of fiscal 2022.
The Company’s non-GAAP net income for the fourth quarter of fiscal 2023 was $1.9 million, or $0.06 per share, compared with a non-GAAP net loss of $7.8 million, or $0.28 per share, in the same period of fiscal 2022.
AMSC reported a net loss for fiscal 2023 of $11.1 million, or $0.37 per share, compared to a net loss of $35.0 million, or $1.26 per share in fiscal 2022.

AMSC to Report Fourth Quarter and Fiscal Year 2023 Financial Results on May 29, 2024

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Giovedì, Maggio 23, 2024

AMSC

In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, May 30, 2024.

Key Points:

In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, May 30, 2024.
On this call, management will discuss the Company’s recent accomplishments, financial results, and business outlook.
The live call can be accessed 15 minutes prior to the scheduled start time by dialing 1-844-481-2802 or 1-412-317-0675 and asking to join the AMSC call.
A replay of the call may be accessed 2 hours following the call by dialing 1-877-344-7529 and using conference passcode 4825680.

Gaps Progress Report Available: America Makes and ANSI Publish Standardization Roadmap for Additive Manufacturing

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Martedì, Aprile 23, 2024

AMSC, Scattered disc, Version 3.0 (album), American National Standards Institute, ANSI, Research, Certification

NEW YORK, April 23, 2024 /PRNewswire/ -- America Makes and the American National Standards Institute (ANSI) announced today the availability of a Gaps Progress Report tracking efforts over the last nine months by standards developing organizations (SDOs) and others to address the gaps identified in the Standardization Roadmap for Additive Manufacturing, Version 3.0 , published by the America Makes and ANSI Additive Manufacturing Standardization Collaborative (AMSC) .

Key Points:

NEW YORK, April 23, 2024 /PRNewswire/ -- America Makes and the American National Standards Institute (ANSI) announced today the availability of a Gaps Progress Report tracking efforts over the last nine months by standards developing organizations (SDOs) and others to address the gaps identified in the Standardization Roadmap for Additive Manufacturing, Version 3.0 , published by the America Makes and ANSI Additive Manufacturing Standardization Collaborative (AMSC) .
The progress report provides updates on standards, research, and conformity assessment activities; it also captures suggested modifications to existing gaps and notes additional gaps to be considered for future roadmaps.
Published in July 2023, Roadmap Version 3.0 identified 141 standardization gaps and corresponding recommendations across the additive manufacturing (AM) lifecycle areas of design; precursor materials; process control; post-processing; finished material properties; qualification and certification; nondestructive evaluation; maintenance and repair; and data.
To receive future updates, offer suggested edits to the gaps progress report, or get involved in future AMSC activities, email [email protected] .

Coherix Adds Former President of Bosch China to Its Board of Directors

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Martedì, Marzo 5, 2024

ANN ARBOR, Mich., March 5, 2024 /PRNewswire/ -- Dr. Chen Yudong, Edmund "Ed" Allen and Stan Piekos have joined the Coherix board of directors.

Key Points:

ANN ARBOR, Mich., March 5, 2024 /PRNewswire/ -- Dr. Chen Yudong, Edmund "Ed" Allen and Stan Piekos have joined the Coherix board of directors.
Yudong served as the president of Bosch China for the past 12 years.
He added that China represents a major growth market for Coherix – a market in which Dr. Yudong's expertise will be of invaluable assistance.
He later was appointed executive vice president of Bosch China's automotive group and was named president of Bosch China in 2011.

AMSC Prices Upsized $60 Million Public Offering of Common Stock

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Mercoledì, Gennaio 31, 2024

Roth Capital Partners, Security (finance), Harmony, Capital Group Companies, Broad Street, Telephone, American Superconductor, Prospectus, Orchestration, Rhythm, AMSC, Sale

AMSC expects the gross proceeds from this offering to be $60,750,000, before deducting the underwriting discount and other estimated offering expenses.

Key Points:

AMSC expects the gross proceeds from this offering to be $60,750,000, before deducting the underwriting discount and other estimated offering expenses.
AMSC intends to use the net proceeds from this offering for working capital and general corporate purposes.
AMSC has granted the underwriters a 30-day option to purchase up to 810,000 additional shares of its common stock.
AMSC expects to close the offering, subject to customary conditions, on or about February 2, 2024.

AMSC Announces Proposed Public Offering of Common Stock

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Martedì, Gennaio 30, 2024

Security (finance), Harmony, Broad Street, Telephone, American Superconductor, Prospectus, Orchestration, Rhythm, AMSC, Sale

AMSC also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering.

Key Points:

AMSC also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering.
AMSC intends to use the net proceeds from the proposed offering for working capital and general corporate purposes.
A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (SEC) and is effective.
A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC.

AMSC Reports Third Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook

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Mercoledì, Gennaio 24, 2024

AMSC, GAAP, Inox Wind, ECS, Cryptocurrency

AYER, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its third quarter of fiscal year 2023 ended December 31, 2023.

Key Points:

Revenues for the third quarter of fiscal 2023 were $39.4 million compared with $23.9 million for the same period of fiscal 2022.
AMSC’s net loss for the third quarter of fiscal 2023 was $1.6 million, or $0.06 per share, compared to a net loss of $9.6 million, or $0.34 per share, for the same period of fiscal 2022.
Cash, cash equivalents, and restricted cash on December 31, 2023, totaled $25.0 million, compared with $24.0 million at September 30, 2023.
The Company’s net loss for the fourth quarter of fiscal 2023 is expected not to exceed $3.5 million, or $0.12 per share.

AMSC to Report Third Quarter Fiscal Year 2023 Financial Results on January 24, 2024

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Lunedì, Gennaio 22, 2024

AMSC

In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, January 25, 2024.

Key Points:

In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, January 25, 2024.
On this call, management will discuss the Company’s recent accomplishments, financial results, and business outlook.
The live call can be accessed 15 minutes prior to the scheduled start time by dialing 1-844-481-2802 or 1-412-317-0675 and asking to join the AMSC call.
A replay of the call may be accessed 2 hours following the call by dialing 1-877-344-7529 and using conference passcode 8370084.

AMSC Receives Wind Turbine Electrical Control System Order from Inox Wind

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Martedì, Gennaio 16, 2024

Wind, Temperature, AMSC, Inox Wind, Inox, Electricity sector in India, ECS, Calendar, Renewable energy

AYER, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has received an $8 million order for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India’s premium wind turbine manufacturer.

Key Points:

AYER, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, today announced it has received an $8 million order for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India’s premium wind turbine manufacturer.
Inox Wind has requested immediate delivery under this $8 million follow-on order.
AMSC’s 3 MW class wind turbine design is certified as having a 3 MW power rating (according to GL2010 onshore guidelines).
AMSC’s 3 MW class wind turbine may operate up to 3.3 MW under certain grid conditions and certain ambient temperature conditions.

AMSC Reports Second Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook

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Mercoledì, Novembre 1, 2023

AMSC, ET, GAAP, Bank, Cryptocurrency

AYER, Mass., Nov. 01, 2023 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy’s fleet, today reported financial results for its second quarter of fiscal year 2023 ended September 30, 2023.

Key Points:

Revenues for the second quarter of fiscal 2023 were $34.0 million compared with $27.7 million for the same period of fiscal 2022.
AMSC’s net loss for the second quarter of fiscal 2023 was $2.5 million, or $0.09 per share, compared to a net loss of $9.9 million, or $0.35 per share, for the same period of fiscal 2022.
Cash, cash equivalents, and restricted cash on September 30, 2023, totaled $24.0 million, compared with $23.1 million at June 30, 2023.
In conjunction with this announcement, AMSC management will participate in a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, November 2, 2023, to discuss the Company’s financial results and business outlook.