Latest Issue
 
Windtech International May June 2024 issue

 

FOLLOW US AT

follow

 

follow


AMSC has reported financial results for its first quarter of fiscal year 2020 ended June 30, 2020. Revenues for the first quarter of fiscal 2020 were $21.2 million compared with $13.8 million for the same period of fiscal 2019. 
 
The year-over-year increase was a result of higher Grid segment revenues versus the year ago period.  The higher Grid segment revenues are primarily due to increased D-VAR shipments, versus the year ago period. AMSC’s net loss for the first quarter of fiscal 2020 was $3.4 million compared to a net loss of $3.5 million for the same period of fiscal 2019. For the second quarter ending September 30, 2020, AMSC expects that its revenues will be in the range of $17 million to $21 million.  The company’s net loss for the second quarter of fiscal 2020 is expected not to exceed $6.5 million. The company expects operating cash flow to be a burn of $4 million to $6 million in the second quarter of fiscal 2020.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.