The company said, “For the second quarter ending September 30, 2024, AMSC expects that its revenues will be in the range of $38.0 million to $42.0 million. The Company’s net loss for the second quarter of fiscal 2024 is expected not to exceed $1.7 million, or $0.05 per share. The Company’s net loss guidance assumes no changes in fair value of contingent consideration. The Company’s non-GAAP net loss (as defined below) is expected to be at least breakeven on a total and per share basis. The Company expects operating cash flow to be breakeven to a positive cash generation of $2.0 million in the second quarter of fiscal 2024. The Company’s guidance does not include the impact of the recently announced acquisition of NWL.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMSC:
- American Superconductor Shareholders Decide on Governance and Stock Plans
- AMSC announces it has acquired NWL for $25M in cash, $31.4M in stock
- AMSC Accelerates toward Profitability with the Acquisition of NWL, Inc.
- AMSC Earnings this Week: How Will it Perform?
- AMSC to Report First Quarter Fiscal Year 2024 Financial Results on August 6, 2024
Questions or Comments about the article? Write to editor@tipranks.com