American Superconductor (AMSC) Posts Q4 Loss of 14c/Share; Issues Q1 Outlook

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Go back to American Superconductor (AMSC) Posts Q4 Loss of 14c/Share; Issues Q1 Outlook

AMSC Reports Fourth Quarter 2013 Financial Results and Provides Business Outlook

June 5, 2014 8:31 AM EDT

DEVENS, Mass., June 5, 2014 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a global solutions provider serving wind and power grid industry leaders, today reported financial results for its fourth quarter and full year fiscal 2013 ended March 31, 2014.

Revenues for the fourth quarter of fiscal 2013 were $16.3 million, compared with $20.4 million for the same period of fiscal 2012 and $20.6 million for the third quarter of fiscal 2013. The year over year decrease in revenues in the fourth fiscal quarter was a result of lower revenues in the Company's Grid segment, partially offset by higher Wind segment revenues.

AMSC's... More