- Published: 09 February 2016 09 February 2016
AMSC has reported financial results for its third quarter of fiscal 2015 ended December 31, 2015. Revenues for the third quarter of fiscal 2015 were US$ 25.8 million, compared with US$ 21.2 million for the same period of fiscal 2014.
The year over year growth in revenues was a result of strength in both their wind and grid businesses. AMSC's net loss for the third quarter of fiscal 2015 decreased to US$ 3.0 million from US$ 6.4 million for the same period of fiscal 2014. AMSC's net loss in the third fiscal quarter includes a gain of US$ 2.5 million realised from the company's sale of its minority equity interest in Blade Dynamics. For the fourth quarter ending March 31, 2016, AMSC expects that its revenues will be in the range of US$ 18 million to US$ 22 million. The company's net loss for the fourth quarter of fiscal 2015 is expected to be less than US$ 8.5 million.