Snapshot of AMERICAN SUPERCONDUCTOR CORP (AMSC)

American Superconductor Corporation expected to report Fiscal Year 2012 results on May 13, 2012. This event was calculated by Capital IQ (Created on September 24, 2011).

American Superconductor Corporation expected to report Q2 2012 results on November 1, 2011. This event was calculated by Capital IQ (Created on September 24, 2011).

American Superconductor Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2011. For the quarter, the company reported total revenues of $59.751 million against $87.624 million for the same period a year ago. Operating loss was $184.184 million against operating profit of $11.500 million for the same period a year ago. Loss before income tax expense was $181.824 million against income before income tax expense of $11.621 million for the same period a year ago. Net loss was $185.135 million or $3.67 diluted net loss per common share against net income of $4.937 million or $0.11 diluted net income per share for the same period a year ago. For the year, the company reported total revenues of $286.603 million against $315.955 million for the same period a year ago. Operating loss was $177.983 million against operating profit of $38.661 million for the same period a year ago. Loss before income tax expense was $170.331 million against income before income tax expense of $36.756 million for the same period a year ago. Net loss was $186.284 million or $3.95 diluted net loss per common share against net income of $16.248 million or $0.36 diluted net income per share for the same period a year ago. Net cash used in operating activities was $22.821 million against net cash provided by operating activities of $40.680 million for the same period a year ago. For the quarter ended June 30, 2011, the company reported total revenues of $9.058 million against $97.209 million for the same period a year ago. Operating loss was $38.327 million against operating income of $16.081 million for the same period a year ago. Loss before income tax expense was $37.520 million against income before income tax expense of $16.427 million for the same period a year ago. Net loss was $37.679 million or $0.74 diluted net loss per common share against net income of $9.170 million or $0.20 diluted net income per common share for the same period a year ago. Net cash used in operating activities was $57.774 million against $18.479 million for the same period a year ago. The company provided earnings guidance for the quarter ending September 30, 2011 and for the second half of fiscal 2011. For the quarter ending September 30, 2011, the company currently expects that its revenues will exceed $18 million. Including charges for its litigation against Sinovel and its previously announced restructuring, among other charges, the company expects that its net loss for the second quarter of fiscal 2011 will be less than $38 million, or $0.75 per diluted share. The company expects that its non-GAAP net loss for the second fiscal quarter will be less than $27 million, or $0.53 per diluted share. The company also expects lower net loss is in the second half of the year as a result of revenue growth and the actions taken to date.