- Published: 06 June 2019 06 June 2019
Revenues for the fourth quarter of fiscal 2018 were $14.6 million, compared with $13.5 million for the same period of fiscal 2017. The year-over-year increase was driven by higher Grid and Wind segment revenues.
AMSC’s net loss for the fourth quarter of fiscal 2018 was $8.4 million compared to a net loss of $6.0 million for the same period of fiscal 2017. Revenues for the full fiscal year 2018 were $56.2 million as compared to $48.4 million in fiscal year 2017. AMSC reported net income for fiscal year 2018 of $26.8 million compared to a net loss of $32.8 million in fiscal year 2017. For the first quarter ending June 30, 2019, AMSC expects that its revenues will be in the range of $10 million to $13 million. The company’s net loss for the first quarter of fiscal 2019 is expected not to exceed $9 million.