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American Superconductor (AMSC) +5.8% AH after stating it expects to report FQ4 (ended yesterday)...

American Superconductor (AMSC) +5.8% AH after stating it expects to report FQ4 (ended yesterday) revenue of $19M-$20M. That's above prior guidance of $18M, but only in-line with a $20M consensus. Perhaps more importantly, AMSC says it expects to "achieve positive net cash flows on a quarterly basis" by the end of FY14 (ends March '14), while adding it would need to be on a $180M-$190M/year revenue run rate to achieve this goal. AMSC's FY14 revenue consensus stands at $102.5M. (PR)
Comments (1)
  • carlos schaefer
    , contributor
    Comment (1) | Send Message
     
    AMSC is my biggest mistake investing. I bought it 3 years ago after doing my homework reading on their web page what they mainly do...and superconducting wires was the future of this company. In fact it is only their name attached to this promising advanced technology. They are mainly doing what everybody else can do. The sinovel affair is an example how clever the management do business.
    1 Apr 2013, 05:01 PM Reply Like
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