American Superconductor (AMSC) Tops Q1 EPS by 8c; Offers Q2 Revenue Guidance

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Go back to American Superconductor (AMSC) Tops Q1 EPS by 8c; Offers Q2 Revenue Guidance

AMSC Reports First Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook

August 9, 2023 4:05 PM EDT

AYER, Mass., Aug. 09, 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 protect and expand the capability and resiliency of our Navys fleet, today reported financial results for its first quarter of fiscal year 2023 ended June 30, 2023.

Revenues for the first quarter of fiscal 2023 were $30.3 million compared with $22.7 million for the same period of fiscal 2022. The year-over-year increase was driven primarily by higher new energy power systems revenues, versus the... More