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AMSC Stock Price Correlated With American Superconductor Financials

AMSC Stock Price vs. Quarterly
AMSC
Income Statement
Cash Flow
Balance Sheet

AMSC Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

AMSC Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

AMSC Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Awm Investment Company.
2,228,301 sh
374,060 sh
20%
$24,823
$10,823
Baillie Gifford
2,086,279 sh
594,909 sh
40%
$23,241
$11,982
Vanguard Group
1,302,120 sh
14,855 sh
1%
$14,506
$4,787
Royce & Associates Lp
1,245,860 sh
-400 sh
0%
$13,879
$4,470
Invesco.
864,914 sh
-8,092 sh
-1%
$9,635
$3,044
Dimensional Fund Advisors
683,698 sh
-8,395 sh
-1%
$7,616
$2,391
Essex Investment Management Co
624,018 sh
-76,815 sh
-11%
$6,952
$1,661
Blackrock.
613,300 sh
35,555 sh
6%
$6,833
$2,471
Susquehanna International Group,
Call options for 526,900 sh
526,900 sh
NEW
$5,870
$5,870
D. E. Shaw & Co..
435,744 sh
61,616 sh
16%
$4,854
$2,029
Arrowmark Colorado Holdings
431,432 sh
50,000 sh
13%
$4,806
$1,926
Millennium Management
412,767 sh
-121,348 sh
-23%
$4,598
$565
Oberweis Asset Management/
375,800 sh
375,800 sh
NEW
$4,186
$4,186
State Street
339,357 sh
230,865 sh
213%
$3,780
$2,961
Laurion Capital Management Lp
300,323 sh
300,323 sh
NEW
$3,346
$3,346
Geode Capital Management
294,961 sh
5,598 sh
2%
$3,287
$1,102
Wolverine Trading
Call options for 288,300 sh
235,300 sh
444%
$3,212
$2,812
Citadel Advisors
262,230 sh
105,130 sh
67%
$2,922
$1,736
First Trust Advisors Lp
237,235 sh
-27,545 sh
-10%
$2,643
$644
Qube Research & Technologies
231,634 sh
113,091 sh
95%
$2,580
$1,685
COMPANY PROFILE
1.

Nature of the Business and Operations and Liquidity

Nature of the Business and Operations

American Superconductor Corporation (together with its subsidiaries, “AMSC®” or the “Company”) was founded on April

9,

1987.

The Company is a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy's fleet. The Company's products leverage its proprietary “smart materials” and “smart software and controls” to provide enhanced resiliency and improved performance of megawatt-scale power flow.

The Company's consolidated financial statements have been prepared on a going concern basis in accordance with United States generally accepted accounting principles (“GAAP”) and the Securities and Exchange Commission's (“SEC”) instructions to Form 10

-K. The going concern basis of presentation assumes that the Company will continue operations and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business.

Liquidity

The Company has historically experienced recurring operating losses and as of March 31, 2021 , the Company had an accumulated deficit of $ 1,001.3

million. In addition, the Company has historically experienced recurring negative operating cash flows.  At March 31, 2021 , the Company had cash, cash equivalents, and marketable securities of $ 73.0

million. Marketable securities includes a certificate of deposit with maturity in six

months.  Cash used in operations for the year ended March 31, 2021

was $ 8.7

million.

In December 2015,

the Company entered into a set of strategic agreements valued at approximately $210.0

million with Inox Wind Ltd. (“Inox” or “Inox Wind”), which includes a multi-year supply contract pursuant to which the Company will supply electrical control systems to Inox and a license agreement allowing Inox to manufacture a limited number of electrical control systems. After Inox purchases the specified number of electrical control systems required under the terms of the supply contract, Inox agreed that the Company will continue as Inox's preferred supplier and Inox will be required to purchase from the Company a majority of its electrical control systems requirements for an additional three

-year period.  Pursuant to these strategic agreements, Inox must forecast future purchase orders of sets of Electrical Control Systems ("ECS") which become firm orders three

months prior to shipment, and Inox must post letters of credit before the Company will ship such orders. During the year ended March 31, 2020,

Inox was delinquent on its obligation to post letters of credit for sets of ECS that Inox had agreed to purchase under the terms of the supply contract.  On May 29, 2020,

the Company sent written notice to Inox notifying Inox of its default under the supply contract due to Inox's failure to post letters of credit in the amount of €6.0

million for the payment of ECS that Inox is obligated to purchase under the terms of the supply contract.  If Inox failed to post letters of credit in the amount of €6.0

million in accordance with the terms of the supply contract within the ninety

day cure period after receipt of the default notice, then the Company could have terminated the supply contract by providing written notice of such termination to Inox.  On September 2, 2020,

Inox delivered approved letters of credit in the amount of €1.3

million for the payment of a portion of the ECS that Inox was obligated to purchase under the terms of the supply contract.  On September 11, 2020,

the Company notified Inox that due to (i) the Company's business relationship with Inox, and (ii) Inox's delivery of approved letters of credit in the amount of €1.3

million as described above, the Company gave Inox until October 5, 2020

to regain compliance with the terms of the supply contract by providing approved letters of credit in the amoun

Free historical financial statements for American Superconductor Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 51 quarters since 2011. Compare with AMSC stock chart to see long term trends.

Data imported from American Superconductor Corp SEC filings. Check original filings before making any investment decision.