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American Superconductor Corporation

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Msg  186 of 187  at  2/8/2021 6:47:14 AM  by

jerrykrause


American Superconductor's fiscal Q3 non-GAAP net loss improves YOY

 from SNL Energy Finance Daily
 

American Superconductor's fiscal Q3 non-GAAP net loss improves YOY

 
 
Byline: Usman Khalid
 
 

American Superconductor Corp. on Feb. 3 reported a non-GAAP net loss of $3.4 million, or negative 13 cents per share, for the third quarter of fiscal 2020, compared with a loss of $6.7 million, or negative 32 cents per share, in the same period of fiscal 2019.

On a GAAP basis, the company's net loss was $7.9 million, or negative 31 cents per share, in the fiscal third quarter, compared with a loss of $6.8 million, or negative 32 cents per share, a year earlier.

Revenues for the quarter totaled $23.6 million, compared with $17.9 million a year ago.

For the fiscal fourth quarter, ending March 31, the company expects revenues of $18 million to $22 million, a GAAP net loss not exceeding $8.0 million, or negative 31 cents per share, and a non-GAAP net loss of no more than $6.5 million, or negative 25 cents per share.

 


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