American Superconductor (AMSC) Misses Q4 EPS by 8c

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Go back to American Superconductor (AMSC) Misses Q4 EPS by 8c

AMSC Reports Fourth Quarter and Full Fiscal Year 2022 Financial Results and Provides Business Outlook

May 31, 2023 4:10 PM EDT

AYER, Mass., May 31, 2023 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid, and that protect and expand the capability and resiliency of our Navys fleet, today reported financial results for its fourth quarter and fiscal year ended March 31, 2023 ("fiscal 2022").

Revenues for the fourth quarter of fiscal 2022 were $31.7 million compared with $28.3 million for the same period of fiscal 2021. The year-over-year increase was a result of higher Grid segment revenues, primarily... More