AMSC Reports First Quarter Fiscal Year 2021 Financial Results and Provides Business Outlook
We delivered a very strong start to fiscal 2021, said Daniel P. McGahn, Chairman, President and CEO, AMSC.
- We delivered a very strong start to fiscal 2021, said Daniel P. McGahn, Chairman, President and CEO, AMSC.
- Grid segment revenues grew over 30% versus year ago results and were, in fact, the highest we have ever reported.
- For the second quarter ending September 30, 2021, AMSC expects that its revenues will be in the range of $24million to $27million.
- The Company expects operating cash flow to be a burn of $4million to $6million in the second quarter of fiscal 2021.