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American Superconductor Corp. (AMSC) Stock Surges Following Stellar Financial Reports for Q4 2020

American Superconductor Corp. (AMSC) stock prices soared by 22.96% shortly after market trading commenced on June 4th 2021, bringing the price per share up to USD$15.69 early in the trading day.

Quarterly Revenue Report


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Revenues for the fourth quarter of the fiscal year 2020 were reported at USD$21.2 million, a significant improvement on the USD$18.1 million reported for the same period of the prior fiscal year. This year-over-year increase is largely attributable to higher Grid segment revenues.

Quarterly Net Loss Breakdown

Net loss for the fourth quarter of the fiscal year 2020 was reported at USD$7.6 million, representing a net loss of USD$0.29 per share of common stock. This is comparable to the net loss of USD$5.9 million reported in the same time period of the prior fiscal year, with net loss per share coming out to USD$0.27. The company reported non-GAAP net loss for Q4 2020 at USD$5.6 million, representing a non-GAAP net loss of USD$0.21 per share. This is comparable to the USD$5.1 million reported in non-GAAP net loss for Q4 2019, which represented a non-GAAP net loss of USD$0.24 per share.

Full Year Revenue Report

Full year revenues for the full fiscal year 2020 were reported at USD$87.1 million as compared to the revenues reported at USD$63.8 million in the prior fiscal year. The year-over-year increase is largely attributable to the contribution from the acquisition of NEPSI, in conjunction with growth in the D-VAR, Volta Var Optimization and SPS product lines.

Full Year Net Loss Report

The company reported net loss for the fiscal year 2020 at USD$22.7 million, representing a net loss of USD$0.95 per diluted share. This is comparable to the net loss of USD$17.1 million reported for the prior fiscal year 2019, representing a net loss of USD$1.03 per diluted share. Non-GAAP net loss for the full fiscal year 2020 was reported at USD$14.1 million, representing a net loss of USD$0.59 per diluted share. This is comparable to the non-GAAP net loss of USD$19.5 million, or USD$0.93 per share, for the full fiscal year 2019.

Future Outlook for AMSC

Armed with a solid liquidity position of USD$80.7 million as of March 31st 2021, AMSC is poised to capitalize on its momentum to push the strong start it has had to the fiscal year through the next several quarters. Current and potential investors are hopeful that management will leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

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