American superconductor corp /de/ (AMSC)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09
Revenues

-

-

-

-

-

-

-

-

14,933

11,049

8,923

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

17,915

14,012

13,770

14,590

14,134

14,876

12,607

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

16,195

27,148

18,507

13,345

27,524

25,772

19,004

23,723

25,129

21,250

12,455

11,696

16,287

20,563

24,181

23,086

20,419

17,417

20,867

28,716

28,627

18,058

20,800

9,058

59,751

31,570

98,073

97,209

87,624

80,659

74,672

73,000

Cost of revenues

16,329

10,248

12,193

11,826

10,398

11,252

8,714

10,505

9,917

10,777

13,409

13,359

22,107

16,404

12,482

18,283

19,263

15,992

20,503

23,488

18,094

13,773

12,087

16,397

15,863

22,611

17,987

18,094

16,533

20,384

16,926

25,072

18,918

21,937

16,955

159,015

31,528

59,416

58,224

54,479

50,444

45,637

50,417

Gross margin

1,586

3,764

1,577

2,764

3,736

3,624

3,893

2,993

5,016

272

-4,486

2,836

5,041

2,103

863

9,241

6,509

3,012

3,220

-

3,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development

2,049

2,398

2,473

2,300

2,470

2,264

2,840

2,903

3,023

2,951

2,717

3,736

2,985

2,867

2,952

3,379

2,759

3,003

3,162

2,885

2,795

3,078

3,120

3,112

2,951

3,083

3,027

3,846

3,948

3,621

3,910

5,931

5,928

7,276

8,136

8,908

8,417

7,857

7,335

7,228

6,421

5,416

4,528

Selling, general and administrative

6,071

5,400

5,255

5,720

5,347

5,175

5,786

5,614

5,486

5,339

6,138

6,048

6,077

6,347

7,216

7,530

7,023

6,773

7,535

5,683

7,550

8,046

7,938

9,489

8,232

8,682

10,827

13,348

10,769

11,736

13,799

17,166

15,402

17,560

21,990

25,661

14,192

17,346

15,183

13,968

12,881

12,712

10,885

Arbitration award expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

38

741

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

507

3,731

1,179

2,126

108

751

13

1,076

6,702

16

128

-

4,092

4,301

-

-

-

-

-

0

0

117

334

Write-off of advance payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,551

-

-

-

-

-

-

-

-

-

Amortization of acquisition related intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

39

39

39

40

39

39

39

39

84

82

82

82

81

80

81

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition-related intangibles

85

85

85

85

85

85

85

85

85

0

13

-

39

39

39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on contingent consideration

-

-

-

-

-

-

-

-

272

-201

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring

0

0

0

0

47

93

310

199

1

-12

1,339

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Sinovel settlement, net

0

0

-

-

24,978

28,720

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating (income) expenses

-

-

-

-

-

-

-

-

8,867

8,077

10,207

9,824

9,101

9,253

10,207

10,949

9,821

9,853

11,477

-18,504

10,891

38,855

24,363

-41,695

27,238

35,209

31,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition related intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

287

300

304

-

393

374

386

449

473

460

445

Total operating expenses

8,205

7,883

7,813

9,105

-17,029

-21,103

9,021

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,033

35,837

34,844

49,045

44,627

71,925

47,385

243,935

54,530

84,993

81,128

76,124

70,219

64,342

66,609

Operating (loss) income

-6,619

-4,119

-6,236

-6,341

20,765

24,727

-5,128

-5,808

-3,851

-7,805

-14,693

-6,988

-4,060

-7,150

-9,344

-1,708

-3,312

-6,841

-8,257

-5,715

-7,735

-26,400

-12,667

-14,876

-6,675

-11,028

-8,850

-16,027

-20,616

-14,970

-6,128

-20,418

-26,569

-51,125

-38,327

-184,184

-22,960

13,080

16,081

11,500

10,440

10,330

6,391

Change in fair value of warrants

556

1,145

2,946

-1,068

-2,475

282

-464

-762

399

144

925

637

101

1,244

-678

-637

-1,092

701

800

915

2,288

795

-35

-18

535

886

469

1,442

5,217

3,285

-2,388

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of minority interest

0

-

-

-

127

-

-

-

0

951

-

-

325

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of minority interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,511

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income, net

262

335

505

348

336

232

201

54

49

54

-10

-52

-89

-107

-135

-195

-238

-286

-318

-326

-525

-496

-535

-

-1,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,505

-2,111

-

-4,553

-2,919

-2,718

11

-11

2

241

-

171

191

-

-

-

-

-

Interest income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

-

195

190

243

Other (expense) income, net

-932

1,520

-543

541

124

325

609

-351

-279

-796

-1,374

-416

873

-518

126

-1,268

-20

-397

-772

1,217

-209

740

-152

-84

-341

-635

69

-10

-109

-1,266

123

-576

393

355

566

2,067

2,136

2,448

171

-39

193

-871

-1,976

(Loss) income before income tax expense

-6,733

-1,119

-3,328

-6,520

18,877

25,566

-4,782

-6,651

-3,682

-7,452

-15,152

-6,819

-2,850

-6,531

-10,031

-3,227

-2,151

-6,823

-8,547

-

-6,181

-25,361

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,389

-

-8,115

-14,282

-10,423

-19,353

-20,061

-15,870

-11,111

-20,983

-26,187

-50,768

-37,520

-181,824

-20,653

15,719

16,427

11,621

10,828

9,649

4,658

Income tax expense

112

-294

211

1,833

1,584

3,008

-45

-656

566

-171

100

106

-82

794

324

136

806

875

574

-546

172

62

128

119

302

341

90

419

74

79

-836

185

84

941

159

3,311

-2,495

7,880

7,257

6,684

5,649

5,309

2,866

Net (loss) income

-6,845

-825

-3,539

-8,353

17,293

22,558

-4,737

-5,995

-4,248

-7,281

-15,252

-6,925

-2,768

-7,325

-10,355

-3,363

-2,957

-7,698

-9,121

-3,363

-6,353

-25,423

-13,517

-22,705

-8,417

-14,623

-10,513

-19,772

-20,135

-15,949

-10,275

-21,168

-26,271

-51,709

-37,679

-185,135

-18,158

7,839

9,170

4,937

5,179

4,340

1,792

Net (loss) income per common share
Basic (in dollars per share)

-0.32

-0.04

-0.17

-0.41

0.85

1.11

-0.23

-0.23

-0.21

-0.38

-0.91

-0.49

-0.20

-0.53

-0.76

-0.22

-0.22

-0.57

-0.75

-0.16

-0.72

-3.12

-1.74

-8.42

-0.14

-0.24

-0.18

-11.57

-0.38

-0.31

-0.20

-0.41

-0.52

-1.02

-0.74

-3.94

-0.38

0.17

0.20

0.11

0.12

0.10

0.04

Diluted (in dollars per share)

-0.35

-0.10

-0.17

-0.41

0.83

1.10

-0.23

-0.23

-0.21

-0.38

-0.91

-0.49

-0.20

-0.53

-0.76

-0.22

-0.22

-0.57

-0.75

-0.16

-0.72

-3.12

-1.74

-8.42

-0.14

-0.24

-0.18

-11.57

-0.38

-0.31

-0.20

-0.41

-0.52

-1.02

-0.74

-3.94

-0.38

0.17

0.20

0.11

0.11

0.10

0.04

Weighted average number of common shares outstanding
Basic (in shares)

21,185

20,656

20,514

20,441

20,419

20,313

20,167

20,081

19,949

19,060

16,778

13,979

13,792

13,769

13,676

13,467

13,539

13,595

12,111

9,228

8,764

8,147

7,769

-156,677

62,309

61,116

58,300

-134,662

52,792

51,907

51,191

50,850

50,933

50,876

50,709

49,620

48,068

45,482

45,242

45,121

44,623

44,247

43,789

Diluted (in shares)

21,203

20,723

20,514

21,292

20,864

20,581

20,167

20,081

19,949

19,060

16,778

13,979

13,792

13,769

13,676

13,467

13,539

13,595

12,111

9,228

8,764

8,147

7,769

-156,677

62,309

61,116

58,300

-134,662

52,792

51,907

51,191

50,850

50,933

50,876

50,709

48,144

48,068

46,217

45,983

45,828

45,566

45,233

44,533