American superconductor corp /de/ (AMSC)
Income statement / TTM
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

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

60,287

56,506

57,370

56,207

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

75,195

86,524

85,148

85,645

96,023

93,628

89,106

82,557

70,530

61,688

61,001

72,727

84,117

88,249

85,103

81,789

87,419

95,627

96,268

96,201

76,543

107,667

121,179

198,452

286,603

314,476

363,565

340,164

315,955

0

0

0

Cost of revenues

50,596

44,665

45,669

42,190

40,869

40,388

39,913

44,608

47,462

59,652

65,279

64,352

69,276

66,432

66,020

74,041

79,246

78,077

75,858

67,442

60,351

58,120

66,958

72,858

74,555

75,225

72,998

71,937

78,915

81,300

82,853

82,882

216,825

229,435

266,914

308,183

203,647

222,563

208,784

200,977

0

0

0

Gross margin

9,691

11,841

11,701

14,017

14,246

15,526

12,174

3,795

3,638

3,663

5,494

10,843

17,248

18,716

19,625

21,982

15,897

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development

9,220

9,641

9,507

9,874

10,477

11,030

11,717

11,594

12,427

12,389

12,305

12,540

12,183

11,957

12,093

12,303

11,809

11,845

11,920

11,878

12,105

12,261

12,266

12,173

12,907

13,904

14,442

15,325

17,410

19,390

23,045

27,271

30,248

32,737

33,318

32,517

30,837

28,841

26,400

23,593

0

0

0

Selling, general and administrative

22,446

21,722

21,497

22,028

21,922

22,061

22,225

22,577

23,011

23,602

24,610

25,688

27,170

28,116

28,542

28,861

27,014

27,541

28,814

29,217

33,023

33,705

34,341

37,230

41,089

43,626

46,680

49,652

53,470

58,103

63,927

72,118

80,613

79,403

79,189

72,382

60,689

59,378

54,744

50,446

0

0

0

Arbitration award expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

779

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,543

7,144

4,164

2,998

1,948

8,542

7,807

7,922

10,938

8,537

0

-

0

0

-

-

-

-

-

451

0

0

0

Write-off of advance payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Amortization of acquisition related intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157

157

157

157

157

156

201

244

287

330

327

325

324

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition-related intangibles

340

340

340

340

340

340

255

183

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on contingent consideration

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring

0

47

140

450

649

603

498

1,527

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Sinovel settlement, net

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating (income) expenses

-

-

-

-

-

-

-

-

36,975

37,209

38,385

38,385

39,510

40,230

40,830

42,100

12,647

13,717

42,719

55,605

32,414

48,761

45,115

52,688

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition related intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,602

1,682

1,768

1,827

0

0

0

Total operating expenses

33,006

7,772

-21,214

-20,006

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157,759

164,353

200,441

212,982

407,872

417,775

430,843

464,586

296,775

312,464

291,813

277,294

0

0

0

Operating (loss) income

-23,315

4,069

32,915

34,023

34,556

9,940

-22,592

-32,157

-33,337

-33,546

-32,891

-27,542

-22,262

-21,514

-21,205

-20,118

-24,125

-28,548

-48,107

-52,517

-61,678

-60,618

-45,246

-41,429

-42,580

-56,521

-60,463

-57,741

-62,132

-68,085

-104,240

-136,439

-300,205

-296,596

-232,391

-177,983

17,701

51,101

48,351

38,661

0

0

0

Change in fair value of warrants

3,579

548

-315

-3,725

-3,419

-545

-683

706

2,105

1,807

2,907

1,304

30

-1,163

-1,706

-228

1,324

4,704

4,798

3,963

3,030

1,277

1,368

1,872

3,332

8,014

10,413

7,556

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of minority interest

0

-

-

-

0

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of minority interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income, net

1,450

1,524

1,421

1,117

823

536

358

147

41

-97

-258

-383

-526

-675

-854

-1,037

-1,168

-1,455

-1,665

-1,882

-3,190

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-10,179

-5,637

-2,716

243

403

605

0

-

0

0

-

-

-

-

-

Interest income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Other (expense) income, net

586

1,642

447

1,599

707

304

-817

-2,800

-2,865

-1,713

-1,435

65

-787

-1,680

-1,559

-2,457

28

-161

976

1,596

295

163

-1,212

-991

-917

-685

-1,316

-1,262

-1,828

-1,326

295

738

3,381

5,124

7,217

6,822

4,716

2,773

-546

-2,693

0

0

0

(Loss) income before income tax expense

-17,700

7,910

34,595

33,141

33,010

10,451

-22,567

-32,937

-33,105

-32,273

-31,352

-26,231

-22,639

-21,940

-22,232

-20,748

-23,702

-46,912

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-52,173

-64,119

-65,707

-66,395

-68,025

-74,151

-109,049

-135,458

-296,299

-290,765

-224,278

-170,331

23,114

54,595

48,525

36,756

0

0

0

Income tax expense

1,862

3,334

6,636

6,380

3,891

2,873

-306

-161

601

-47

918

1,142

1,172

2,060

2,141

2,391

1,709

1,075

262

-184

481

611

890

852

1,152

924

662

-264

-498

-488

374

1,369

4,495

1,916

8,855

15,953

19,326

27,470

24,899

20,508

0

0

0

Net (loss) income

-19,562

4,576

27,959

26,761

29,119

7,578

-22,261

-32,776

-33,706

-32,226

-32,270

-27,373

-23,811

-24,000

-24,373

-23,139

-23,139

-26,535

-44,260

-48,656

-67,998

-70,062

-59,262

-56,258

-53,325

-65,043

-66,369

-66,131

-67,527

-73,663

-109,423

-136,827

-300,794

-292,681

-233,133

-186,284

3,788

27,125

23,626

16,248

0

0

0

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