American Superconductor Corporation ( (AMSC) ) has released its Q1 earnings. Here is a breakdown of the information American Superconductor Corporation presented to its investors.
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American Superconductor Corporation (AMSC) is a prominent provider of megawatt-scale power resiliency solutions, enhancing grid reliability and naval fleet capabilities, with operations spanning across multiple continents.
In its first quarter of fiscal year 2025, AMSC reported a significant financial upturn, highlighted by an 80% increase in revenue year-over-year, reaching over $70 million. The company also achieved a net income of more than $6 million, marking its fourth consecutive profitable quarter.
Key financial metrics from the report include a gross margin exceeding 30% and a non-GAAP net income surpassing $11 million. The revenue growth was driven by both organic expansion and the acquisition of NWL, Inc. AMSC’s cash reserves also saw a substantial increase, totaling $213.4 million by the end of the quarter.
Looking ahead, AMSC anticipates revenues between $65 million and $70 million for the second quarter of fiscal 2025, with expected net income exceeding $2 million. The company remains confident in its strategic direction and market position, supported by steady demand in the semiconductor sector and a robust backlog.
AMSC’s management expresses optimism for the remainder of fiscal 2025, emphasizing continued business scaling and revenue diversification as key objectives to maintain its financial momentum.