American Superconductor CorporationNASDAQ
AMSC Earnings Preview
Esekla • 12 Comments
Esekla • 12 Comments
Tue, Aug. 9, 12:46 PM
Tue, Aug. 9, 8:32 AM
Mon, Aug. 8, 5:30 PM
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Tue, May 31, 12:50 PM
Tue, May 31, 10:22 AM
- Though American Superconductor (AMSC -6.9%) beat FQ4 estimates, the company is guiding for FQ1 revenue of $12M-$14M (below a 2-analyst $20.7M consensus, and down from $23.7M a year earlier) and EPS above -$0.94 (compares with a -$0.51 consensus, and year-ago EPS of -$0.72).
- The company blames "historical seasonality" at Indian wind turbine component client Inox Wind, while adding this seasonality has been "compounded by what has been described by Inox as a near-term working capital constraint."
- Wind division revenue fell $1.2M Y/Y in FQ4 to $19.9M. Grid (smart grid component) division revenue rose by $3.5M to $7.6M. Gross margin was 50.5%, R&D spend rose by $500K to $3.4M, and SG&A spend rose by $1.8M to $7.5M. AMSC ended FQ4 with $40.7M in cash, up $3M Q/Q.
- AMSC's FQ4 results, earnings release
Tue, May 31, 8:33 AM
Mon, May 30, 5:30 PM
Tue, Mar. 8, 5:46 PM
Tue, Mar. 8, 10:23 AM
- American Superconductor (AMSC +7%) is partnering with chemicals/materials giant BASF (OTCQX:BASFY) to "jointly develop an advanced low cost manufacturing process for second generation high temperature superconductor wire."
- AMSC: "In the joint development, AMSC’s manufacturing know-how for its Amperium® superconductor wire and BASF’s chemical solution deposition production technology will be combined. As part of the agreements, AMSC and BASF also entered into a royalty-bearing, non-exclusive license under which AMSC will provide BASF a specified portion of AMSC’s second generation (2G) high temperature superconductor (HTS) wire manufacturing technology."
- The agreements are expected to "result in the development of a potentially low cost manufacturing process at BASF and to enable AMSC to focus resources on driving down the total system cost." If all goes well, AMSC will be able to use wire produced by the manufacturing process in its HTS systems business.
Tue, Feb. 9, 10:24 AM
- Though the company beat FQ3 estimates, American Superconductor (AMSC -2.2%) is guiding for FQ4 revenue of $18M-$22M and EPS of "less than" -$0.70. That's unfavorable to a 3-analyst consensus of $22.6M and -$0.50.
FQ3 details: Wind division revenue (wind turbine controls/systems) +14% Y/Y to $17.2M. Grid division revenue (smart grid components/systems) +40% to $8.5M. Gross margin rose to 25.3% from 14.9% a year ago.
GAAP operating expenses fell 10% Y/Y to $9.8M - $7M was spent on SG&A, and $2.8M on R&D. AMSC's cash balance rose by $1.1M Q/Q to $37.7M. Cash flow is expected to "approach neutral" in FQ4.
- AMSC's FQ3 results, earnings release
Tue, Feb. 9, 9:06 AM
- American Superconductor (NASDAQ:AMSC): FQ3 EPS of -$0.36 beats by $0.13.
- Revenue of $25.77M (+21.3% Y/Y) beats by $3.81M.
- Shares +0.30% PM.
Mon, Feb. 8, 5:30 PM
Dec. 30, 2015, 12:44 PM
Dec. 17, 2015, 12:45 PM
Dec. 17, 2015, 10:36 AM
- American Superconductor (NASDAQ:AMSC) has struck a long-term supply deal with Indian wind turbine maker/existing client Inox Wind, under which AMSC will supply electrical control systems (ECS) for Inox's entire 2MW product line. Under a separate deal, Inox will be able to "internally manufacture a limited portion of the ECS requirements for its 2MW product line as a second source based on AMSC's technology."
- AMSC's deliveries to Inox are due to start in FQ1 of FY16 (the June quarter). The company puts the total value of the new deals at $210M over three years, while adding "further revenues are expected for at least an additional three-year period during which AMSC will provide Inox with the majority of its 2MW ECS requirements under a preferred supplier arrangement."
- AMSC's hard-hit shares are now up 42% since the company hiked its FQ3 guidance last week.
Dec. 9, 2015, 5:40 PM