Superconductor Technologies (SCON) Misses Q1 EPS by 17c

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Superconductor Technologies Reports First Quarter 2019 Results

May 9, 2019 6:30 AM EDT

AUSTIN, Texas, May 09, 2019 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq: SCON) reported financial results for the three months ended March 30, 2019.

Jeff Quiram, STIs president and CEO, stated, We continued to make progress in the first quarter as we ramp our production capability to meet customer expectations. We still expect to start delivering against orders for our Conductus® high performance magnet wire in the second quarter, with a focus on shipments of 10s of kilometers later this year. Our superconducting magnet customers have forecasted the need for 1000s of kilometers of wire starting in... More