Market News AIOpen the app

American Superconductor made $94 million in sales last quarter, up 42% from last year.

ResultsRead the original at Benzinga
Good for AMSC

AMSC's sales and orders grew, and its backlog reached nearly $320 million. Gross margin slipped from last year and cash was below its year-ago level, but demand, cash from operations, and the next-quarter forecast support growth.

AMSC · American Superconductor Corporation

AI read · Good for AMSC

The AI's read

More customer orders and a backlog near $320 million give AMSC more work to deliver. Its next-quarter forecast calls for sales above $80 million and profit above break-even. Gross margin was slightly lower than last year, though it improved from the prior quarter, and cash was below its year-ago level. Stronger demand and cash from operations support a brighter business outlook.

Get alerts for AMSC

Follow American Superconductor Corporation (AMSC) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for AMSC
Free on the App Store and Google Play, or on the web.