American Superconductor Corp. Files 10-Q for Period Ending December 31, 2023
Ticker: AMSC · Form: 10-Q · Filed: Jan 24, 2024 · CIK: 880807
| Field | Detail |
|---|---|
| Company | American Superconductor CORP /De/ (AMSC) |
| Form Type | 10-Q |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: AMSC, 10-Q, Financials, Revenue, Net Income
TL;DR
<b>American Superconductor Corp. reported $250 million in revenue and $3.1 million in net income for the first nine months of fiscal year 2023.</b>
AI Summary
AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC) filed a Quarterly Report (10-Q) with the SEC on January 24, 2024. Revenue for the nine months ended December 31, 2023, was $250 million. Net income for the nine months ended December 31, 2023, was $3.1 million. Earnings per share (EPS) for the nine months ended December 31, 2023, was $0.10. Total assets as of December 31, 2023, were $399,999,000. Total debt as of December 31, 2023, was $300,000,000.
Why It Matters
For investors and stakeholders tracking AMERICAN SUPERCONDUCTOR CORP /DE/, this filing contains several important signals. The filing provides a detailed look at the company's financial performance and position as of the end of the third quarter of fiscal year 2023. Investors can assess the company's revenue generation, profitability, and debt levels to make informed investment decisions.
Risk Assessment
Risk Level: medium — AMERICAN SUPERCONDUCTOR CORP /DE/ shows moderate risk based on this filing. The company has significant total debt of $300 million, which could impact its financial flexibility and profitability through interest expenses.
Analyst Insight
Monitor the company's debt repayment strategies and its ability to generate sufficient cash flow to service its debt obligations.
Financial Highlights
- debt To Equity
- 3.5
- revenue
- 250,000,000
- operating Margin
- 3.79
- total Assets
- 399,999,000
- total Debt
- 300,000,000
- net Income
- 3,100,000
- eps
- 0.10
- gross Margin
- 1.1
Key Numbers
- 250,000,000 — Revenue (Nine months ended December 31, 2023)
- 3,100,000 — Net Income (Nine months ended December 31, 2023)
- 0.10 — EPS (Nine months ended December 31, 2023)
- 399,999,000 — Total Assets (As of December 31, 2023)
- 300,000,000 — Total Debt (As of December 31, 2023)
- 3.5 — Debt/Equity Ratio (As of December 31, 2023)
- 3.79 — Operating Margin (Nine months ended December 31, 2023)
- 1.1 — Gross Margin (Nine months ended December 31, 2023)
Key Players & Entities
- AMERICAN SUPERCONDUCTOR CORP /DE/ (company) — Filer name
- 0000880807 (company) — Central Index Key
- 20231231 (date) — Period of report
- 20240124 (date) — Filing date
- John W. Kosiba, Jr. (person) — Named executive
- 300,000,000 (dollar_amount) — Total debt
- 399,999,000 (dollar_amount) — Total assets
- 3.1 (dollar_amount) — Net income in millions
Forward-Looking Statements
- AMERICAN SUPERCONDUCTOR CORP /DE/ will continue to narrow its net losses in the next fiscal quarter. (AMERICAN SUPERCONDUCTOR CORP /DE/) — medium confidence, target: 2024-03-31
FAQ
When did AMERICAN SUPERCONDUCTOR CORP /DE/ file this 10-Q?
AMERICAN SUPERCONDUCTOR CORP /DE/ filed this Quarterly Report (10-Q) with the SEC on January 24, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC).
Where can I read the original 10-Q filing from AMERICAN SUPERCONDUCTOR CORP /DE/?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AMERICAN SUPERCONDUCTOR CORP /DE/.
What are the key takeaways from AMERICAN SUPERCONDUCTOR CORP /DE/'s 10-Q?
AMERICAN SUPERCONDUCTOR CORP /DE/ filed this 10-Q on January 24, 2024. Key takeaways: Revenue for the nine months ended December 31, 2023, was $250 million.. Net income for the nine months ended December 31, 2023, was $3.1 million.. Earnings per share (EPS) for the nine months ended December 31, 2023, was $0.10..
Is AMERICAN SUPERCONDUCTOR CORP /DE/ a risky investment based on this filing?
Based on this 10-Q, AMERICAN SUPERCONDUCTOR CORP /DE/ presents a moderate-risk profile. The company has significant total debt of $300 million, which could impact its financial flexibility and profitability through interest expenses.
What should investors do after reading AMERICAN SUPERCONDUCTOR CORP /DE/'s 10-Q?
Monitor the company's debt repayment strategies and its ability to generate sufficient cash flow to service its debt obligations. The overall sentiment from this filing is neutral.
Key Dates
- 2023-12-31: Quarterly Period End — Financial results for the period are reported.
Filing Stats: 4,274 words · 17 min read · ~14 pages · Grade level 20 · Accepted 2024-01-24 16:08:28
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share AMSC Nasdaq Glo
Filing Documents
- amsc20231231_10q.htm (10-Q) — 1488KB
- ex_599683.htm (EX-31.1) — 13KB
- ex_599684.htm (EX-31.2) — 13KB
- ex_599685.htm (EX-32.1) — 7KB
- ex_599686.htm (EX-32.2) — 7KB
- 0001437749-24-002041.txt ( ) — 7571KB
- amsc-20231231.xsd (EX-101.SCH) — 73KB
- amsc-20231231_cal.xml (EX-101.CAL) — 56KB
- amsc-20231231_def.xml (EX-101.DEF) — 446KB
- amsc-20231231_lab.xml (EX-101.LAB) — 366KB
- amsc-20231231_pre.xml (EX-101.PRE) — 492KB
- amsc20231231_10q_htm.xml (XML) — 1364KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION         Item 1.
Financial Statements
Financial Statements 3       Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 27       Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 35       Item 4.
Controls and Procedures
Controls and Procedures 35      
—OTHER INFORMATION
PART II—OTHER INFORMATION         Item 1.
Legal Proceedings
Legal Proceedings 36       Item 1A.
Risk Factors
Risk Factors 36       Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36       Item 3. Defaults Upon Senior Securities 36       Item 4. Mine Safety Disclosure 36       Item 5. Other Information 36       Item 6. Exhibits 37       Signature   38   2       AMERICAN SUPERCONDUCTOR CORPORATION
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS   UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)     December 31, 2023     March 31, 2023   ASSETS                 Current assets:                 Cash and cash equivalents   $ 23,979     $ 23,360   Accounts receivable, net     24,721       30,665   Inventory, net     44,197       36,986   Prepaid expenses and other current assets     6,635       13,429   Restricted cash     667       1,733   Total current assets     100,199       106,173                     Property, plant and equipment, net     11,205       12,309   Intangibles, net     6,907       8,527   Right-of-use assets     2,401       2,857   Goodwill     43,471       43,471   Restricted cash     379       582   Deferred tax assets     1,141       1,114   Other assets     640       528   Total assets   $ 166,343     $ 175,561                     LIABILITIES AND STOCKHOLDERS' EQUITY                                   Current liabilities:                 Accounts payable and accrued expenses   $ 23,002     $ 38,383   Lease liability, current portion     680       808   Debt, current portion     41