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Stocks A / American Superconductor


Subject:  3Q earnings report Date:  2/6/2014  8:45 AM
Author:  captainccs Number:  2105 of 2171

AMSC continues to work on the turnaround. Revenue for the quarter was up 18% but flat for nine months year to date. Cost cutting is progressing nicely but you can only cut back so far. There was an 18% share dilution to help recapitalize the company, better diluted than bankrupt.

The November financing dropped the share price to the $1.50 range which seems to be an all time low.

AMSC Reports Fiscal Third Quarter 2013 Financial Results
16 minutes ago

DEVENS, Mass., Feb. 6, 2014 (GLOBE NEWSWIRE) -- AMSC (AMSC), a global solutions provider serving wind and power grid industry leaders, today reported financial results for its fiscal third quarter ended December 31, 2013.

Revenues for the third quarter of fiscal 2013 were $20.6 million, compared with $17.4 million for the same period of fiscal 2012. The year-over-year growth is due to higher revenues in the Company's Wind segment, primarily from customers in India and China. Wind revenue growth was partially offset by lower revenues in the Company's Grid segment due to lower D-VAR(R) revenues.

AMSC's net loss for the third quarter of fiscal 2013 narrowed to $8.4 million, or $0.14 per share, compared with a net loss of $20.1 million, or $0.38 per share, for the same period of fiscal 2012.

Denny Schlesinger
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