AMSC Files Q1 FY25 10-Q, Equity Details Revealed

TL;DR

AMSC Q1 FY25 10-Q filed. Equity details look solid, but revenue/profit numbers not in this snippet.

AI Summary

American Superconductor Corp (AMSC) reported its first quarter results for fiscal year 2025, ending June 30, 2024. The company's financial statements show various equity and retained earnings figures, but specific revenue and profit numbers for the quarter are not detailed in this excerpt. The filing indicates the company's fiscal year ends on March 31.

Why It Matters

This filing provides a snapshot of AMSC's financial health and equity structure as of the end of the first quarter of fiscal year 2025, which is crucial for investors assessing the company's stability and capital.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not contain immediate red flags or significant negative developments.

Key Numbers

• 0331 — Fiscal Year End (Indicates the company's annual financial reporting cycle concludes on March 31st.)
• 2024-06-30 — Quarter End Date (Marks the end of the reporting period for this 10-Q filing.)
• 2024-08-06 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• AMERICAN SUPERCONDUCTOR CORP /DE/ (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period for the 10-Q
• 20240806 (date) — Date the 10-Q was filed
• 0000880807 (company) — Central Index Key for American Superconductor Corp

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share AMSC Nasdaq Glo

Filing Documents

• amsc20240630_10q.htm (10-Q) — 1193KB
• ex_679603.htm (EX-31.1) — 13KB
• ex_679604.htm (EX-31.2) — 13KB
• ex_679605.htm (EX-32.1) — 7KB
• ex_679606.htm (EX-32.2) — 7KB
• 0001437749-24-024886.txt ( ) — 7148KB
• amsc-20240630.xsd (EX-101.SCH) — 74KB
• amsc-20240630_cal.xml (EX-101.CAL) — 64KB
• amsc-20240630_def.xml (EX-101.DEF) — 472KB
• amsc-20240630_lab.xml (EX-101.LAB) — 382KB
• amsc-20240630_pre.xml (EX-101.PRE) — 511KB
• amsc20240630_10q_htm.xml (XML) — 1165KB

—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

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) June 30, 2024 March 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 93,455 $ 90,522 Accounts receivable, net 23,529 26,325 Inventory, net 45,149 41,857 Prepaid expenses and other current assets 10,424 7,295 Restricted cash 468 468 Total current assets 173,025 166,467 Property, plant and equipment, net 10,529 10,861 Intangibles, net 5,957 6,369 Right-of-use assets 4,096 2,557 Goodwill 43,471 43,471 Restricted cash 1,600 1,290 Deferred tax assets 1,114 1,119 Other assets 351 637 Total assets $ 240,143 $ 232,771 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses $ 22,309 $ 24,235 Lease liability, current portion 862 716 Debt, current portion 9 25 Contingent consideration 7,020 3,100 Deferred revenue, current portion 55,984 50,732 Total current liabilities 86,184 78,808 Deferred revenue, long-term portion 6,929 7,097 Lease liability, long-term portion 3,359 1,968 Deferred tax liabilities 300 300 Other liabilities 27 27 Total liabilities 96,799 88,200 Commitments and Contingencies (Note 16) Stockholders' equity: Common stock 374 373 Additional paid-in capital 1,214,320 1,212,913 Treasury stock ( 3,765 ) ( 3,639 ) Accumulated other comprehensive income 1,597 1,582 Accumulated deficit ( 1,069,182 ) ( 1,066,658 ) Total stockholders' equity 143,344 144,571 Total liabilities and stockholders' equity $ 240,143 $ 232,771 The accompanying notes are an integral part of the unaudited condensed consolidated financial statements 3 AMERICAN SUPERCONDUCTOR CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended June 30, 2024 2023 Revenues $ 40,290 $ 30,254 Cost of revenues 28,065 23,972 Gross margin 12,225 6,282 Operating ex

View Full Filing

View this 10-Q filing on SEC EDGAR