{"id":428165,"date":"2021-02-03T16:08:09","date_gmt":"2021-02-03T21:08:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=428165"},"modified":"2021-02-03T16:08:09","modified_gmt":"2021-02-03T21:08:09","slug":"amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\/","title":{"rendered":"AMSC Reports Third Quarter Fiscal Year 2020\u00a0Financial Results and Provides Business Outlook"},"content":{"rendered":"

\nCompany to host conference call tomorrow, February 4\u00a0at 10:00 am ET
\n<\/h2>\n
\n

AYER, Mass., Feb. 03, 2021 (GLOBE NEWSWIRE) — AMSC (Nasdaq: AMSC),\u00a0a\u00a0leading system provider of megawatt-scale power resiliency solutions that\u00a0orchestrate\u00a0the rhythm and harmony of power on the grid\u2122, and protect\u00a0and expand\u00a0the capability and resiliency of our Navy\u2019s fleet,\u00a0today reported financial results for its third quarter of fiscal year 2020\u00a0ended December 31, 2020.<\/p>\n

Revenues for the third quarter of fiscal 2020 were $23.6\u00a0million compared with $17.9 million for the same period of fiscal 2019.\u00a0The year-over-year increase was a result of higher Grid and Wind segment revenues versus the year ago period.\u00a0 The higher Grid segment revenues were primarily due to\u00a0revenues generated from our recent acquisition of Northeast Power Systems, Inc.\u00a0The higher Wind segment revenues were a result of higher shipments of electrical control systems to Inox Wind.<\/p>\n

AMSC\u2019s net loss for the third quarter of fiscal 2020\u00a0was $7.9\u00a0million, or $0.31\u00a0per share, compared to a net loss of $6.8\u00a0million, or $0.32\u00a0per share, for the same period of fiscal 2019.\u00a0The Company\u2019s non-GAAP net loss for the third quarter of fiscal 2020\u00a0was $3.4\u00a0million, or $0.13\u00a0per share, compared with a non-GAAP net loss of $6.7\u00a0million, or $0.32\u00a0per share, in the same period of fiscal 2019. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.
\u00a0\u00a0
Cash, cash equivalents, marketable securities and restricted cash on December 31, 2020 totaled $84.4 million, compared with $57.7 million at September 30, 2020.<\/p>\n

“Grid is driving revenue growth for the Company,” said Daniel P. McGahn, Chairman, President and CEO, AMSC. \u201cWe generated $1.7 million\u00a0of positive operating cash flow in the third quarter of fiscal 2020, and ended the quarter with a strong balance sheet and an expanded portfolio of new energy power systems solutions expected to support growth.\u201d<\/p>\n

\n Business Outlook\u00a0
<\/strong>For the fourth quarter ending March 31, 2021, AMSC expects that its revenues will be in the range of $18\u00a0million to $22 million.\u00a0 The Company\u2019s net loss for the fourth quarter of fiscal 2020\u00a0is expected not to exceed $8.0\u00a0million, or $0.31\u00a0per share.\u00a0 The Company’s non-GAAP net loss (as defined below) is expected not to exceed $6.5\u00a0million, or $0.25\u00a0per share, excluding the impact from any changes in contingent consideration.\u00a0 The Company expects operating cash flow\u00a0to be a burn of $2\u00a0million to $4 million\u00a0in the fourth quarter of fiscal 2020.\u00a0 The Company expects cash, cash equivalents, marketable securities and restricted cash on March 31, 2021, to be no less than $80\u00a0million.\u00a0\u00a0<\/p>\n

\n Conference Call Reminder<\/strong>
\n
In conjunction with this announcement, AMSC management will participate in a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, February 4, 2021, to discuss the Company\u2019s financial results and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the \u201cInvestors\u201d section of the Company\u2019s website at\u00a0https:\/\/ir.amsc.com.\u00a0\u00a0The live call can also be accessed by dialing 866-269-4261 or 323-289-6576 and using conference ID 1666219. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 1666219.<\/p>\n

\n About AMSC (Nasdaq: AMSC)<\/strong>
\n
AMSC generates the ideas, technologies and solutions that meet the world\u2019s demand for smarter, cleaner \u2026 better energy\u2122. Through its Gridtec\u2122 Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance.\u00a0\u00a0Through its Marinetec\u2122 Solutions, AMSC provides ship protection systems and is developing propulsion\u00a0and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety.\u00a0\u00a0Through its Windtec\u2122 Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company\u2019s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit www.amsc.com<\/u>.<\/p>\n

\n AMSC, American Superconductor, D-VAR, D-VAR VVO, Gridtec, Marinetec, Windtec, Smarter, Cleaner \u2026 Better Energy, and\u00a0Orchestrate the Rhythm and Harmony of Power on the Grid\u00a0are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks or service marks belong to their respective holders.<\/em>\n <\/p>\n

\n
\n Forward-Looking Statements<\/u>
\n <\/em>\n <\/p>\n

\n This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Any statements in this release regarding our goals and strategies; our expected GAAP and non-GAAP financial results for the quarter ending March 31, 2021,\u00a0our expected cash burn during the quarter ending March 31, 2021,\u00a0our expected cash, cash equivalents, marketable securities\u00a0and restricted cash balance on March 31, 2021,\u00a0the benefits of the NEPSI acquisition,\u00a0and other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements represent management’s current expectations and are inherently uncertain. There are a number of important factors that could materially impact the value of our common stock or cause actual results to differ materially from those indicated by such forward-looking statements. These important factors include, but are not limited to: We have a history of operating losses, which may continue in the future. Our operating results may fluctuate significantly from quarter to quarter and may fall below expectations in any particular fiscal quarter; We have a history of negative operating cash flows, and we may require additional financing in the future, which may not be available to us; We may be required to issue performance bonds or provide letters of credit, which restricts our ability to access any cash used as collateral for the bonds or letters of credit; Changes in exchange rates could adversely affect our results of operations; If we fail to maintain proper and effective internal control over financial reporting,\u00a0or if we fail to remediate our current material weakness in our internal control over financial reporting\u00a0our ability to produce accurate and timely financial statements could be impaired and may lead investors and other users to lose confidence in our financial data; We may not realize all of the sales expected from our backlog of orders and contracts; Our contracts with the U.S. government are subject to audit, modification or termination by the U.S. government and include certain other provisions in favor of the government. The continued funding of such contracts remains subject to annual congressional appropriation, which, if not approved, could reduce our revenue and lower or eliminate our profit; Our financial condition may have an adverse effect on our customer and supplier relationships; The novel coronavirus\u00a0(COVID-19) pandemic could adversely impact our business, financial condition and results of operations;<\/em>\u00a0We may experience difficulties re-establishing our HTS wire production capability in our Ayer, Massachusetts facility; Our success is dependent upon attracting and retaining qualified personnel and our inability to do so could significantly damage our business and prospects;\u00a0Historically, a\u00a0significant portion of our revenues have been derived from a single customer and if this customer\u2019s business is negatively affected, it could adversely impact our business; Our success in addressing the wind energy market is dependent on the manufacturers that license our designs;<\/em>\u00a0Our business and operations would be adversely impacted in the event of a failure or security breach of our information technology infrastructure; Failure to comply with evolving data privacy and data protection laws and regulations or to otherwise protect personal data, may adversely impact our business and financial results; We rely upon third-party suppliers for the components and subassemblies of many of our Grid and Wind products, making us vulnerable to supply shortages and price fluctuations, which could harm our business; Many of our revenue opportunities are dependent upon subcontractors and other business collaborators; If we fail to implement our business strategy successfully, our financial performance could be harmed; Problems with product quality or product performance may cause us to incur warranty expenses and may damage our market reputation and prevent us from achieving increased sales and market share; Many of our customers outside of the United States may be either directly or indirectly related to governmental entities, and we could be adversely affected by violations of the United States Foreign Corrupt Practices Act and similar worldwide anti-bribery laws outside the United States; We have had limited success marketing and selling our superconductor products and system-level solutions, and our failure to more broadly market and sell our products and solutions could lower our revenue and cash flow;<\/em>\u00a0We may acquire additional complementary businesses or technologies, which may require us to incur substantial costs for which we may never realize the anticipated benefits; Our success depends upon the commercial adoption of the REG system, which is currently limited, and a widespread commercial market for our products may not develop; Adverse changes in domestic and global economic conditions could adversely affect our operating results; We have operations in, and depend on sales in, emerging markets, including India, and global conditions could negatively affect our operating results or limit our ability to expand our operations outside of these markets. Changes in India\u2019s political, social, regulatory and economic environment may affect our financial performance; Our products face competition, which could limit our ability to acquire or retain customers; Our international operations are subject to risks that we do not face in the United States, which could have an adverse effect on our operating results; Growth of the wind energy market depends largely on the availability and size of government subsidies, economic incentives and legislative programs designed to support the growth of wind energy; Lower prices for other fuel sources may reduce the demand for wind energy development, which could have a material adverse effect on our ability to grow our Wind business; Unfavorable results of legal proceedings could have a material adverse effect on our business, operating results and financial condition; We may be unable to adequately prevent disclosure of trade secrets and other proprietary information;<\/em>\u00a0Our patents may not provide meaningful protection for our technology, which could result in us losing some or all of our market position; We face risks related to our intellectual property; We face risks related to our technologies; We face risks related to our legal proceedings; We face risks related to our common stock; and the important factors discussed under the caption “Risk Factors” in Part 1. Item 1A of our Form 10-K for the fiscal year ended March 31, 2020,\u00a0as updated in our Form 10-Q for the period ended December 31, 2020,\u00a0and our other reports filed with the SEC. These important factors, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.<\/em><\/p>\n

\n UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong>
\n
\n (In thousands, except per share data)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Nine Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Grid<\/td>\n\u00a0<\/td>\n$<\/td>\n17,086<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n51,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n36,577<\/td>\n\u00a0<\/td>\n<\/tr>\n
Wind<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,546<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,683<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,812<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,120<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,632<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,915<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,697<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,676<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,329<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,444<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,770<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,956<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,517<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,927<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Research and development<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,029<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,049<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,248<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,920<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,085<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,071<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,609<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,726<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquisition-related intangibles<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n601<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n255<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of contingent consideration<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,205<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,198<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,901<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating loss<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,258<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,619<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,681<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,974<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of warrants<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n556<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,648<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n262<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n373<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,101<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (expense)\/income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(274<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(932<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(920<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss before income tax expense (benefit)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,479<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,733<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,228<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,180<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense (benefit)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,546<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,166<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(7,933<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(6,845<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,062<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(11,209<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss per common share<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.31<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.32<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.65<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.54<\/td>\n)<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.31<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.35<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.65<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.75<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,786<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,894<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n UNAUDITED CONSOLIDATED BALANCE SHEET<\/strong>
\n
\n (In thousands, except per share data)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n March 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n ASSETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n<\/tr>\n
Current assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n67,909<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,699<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,239<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,149<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,987<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,975<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,959<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n508<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,670<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,277<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,046<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property, plant and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,547<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,565<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,550<\/td>\n\u00a0<\/td>\n<\/tr>\n
Right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,806<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,359<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,659<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,719<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,604<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,657<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,386<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,551<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n411<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n385<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n175,047<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n124,109<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable and accrued expenses<\/td>\n\u00a0<\/td>\n$<\/td>\n17,015<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n22,091<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liability, current portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n581<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n439<\/td>\n\u00a0<\/td>\n<\/tr>\n
Derivative liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,730<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred revenue, current portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,683<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,430<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,009<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,960<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred revenue, long term portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,695<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,712<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liability, long term portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,329<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n180<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,890<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders’ equity:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n229<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,120,333<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,053,507<\/td>\n\u00a0<\/td>\n<\/tr>\n
Treasury stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,593<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,666<\/td>\n)<\/td>\n<\/tr>\n
Accumulated other comprehensive loss<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(405<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(216<\/td>\n)<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(993,697<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(978,635<\/td>\n)<\/td>\n<\/tr>\n
Total stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n122,918<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,219<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and stockholders’ equity<\/td>\n\u00a0<\/td>\n$<\/td>\n175,047<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n124,109<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/strong>
\n
\n (In thousands)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Nine Months Ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash flows from operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,062<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(11,209<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to reconcile net loss to net cash used in operations:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,811<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,312<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,597<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,236<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for excess and obsolete inventory<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,610<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n491<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,828<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,069<\/td>\n)<\/td>\n<\/tr>\n
Change in fair value of contingent consideration<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of warrants<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,648<\/td>\n)<\/td>\n<\/tr>\n
Non-cash interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(48<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-cash items<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22<\/td>\n)<\/td>\n<\/tr>\n
Unrealized foreign exchange loss\/(gain) on cash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n366<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(209<\/td>\n)<\/td>\n<\/tr>\n
Changes in operating asset and liability accounts:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,376<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,661<\/td>\n)<\/td>\n<\/tr>\n
Inventory<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,419<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,968<\/td>\n)<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(332<\/td>\n)<\/td>\n<\/tr>\n
Accounts payable and accrued expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,894<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,648<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,255<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,652<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash used in operating activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,871<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17,779<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash flows from investing activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchase of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,574<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,926<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from the sale of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,001<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchase of marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(35,000<\/td>\n)<\/td>\n<\/tr>\n
Sale of marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,006<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash paid for acquisition<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(26,000<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash used in investing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,573<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(34,888<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash flows from financing activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Employee taxes paid related to net settlement of equity awards<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(927<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(565<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from exercise of warrants<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,139<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from public equity offering, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,477<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from exercise of employee stock options and ESPP<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by financing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,649<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,674<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Effect of exchange rate changes on cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net increase\/(decrease) in cash, cash equivalents and restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(46,963<\/td>\n)<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash at beginning of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,864<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,198<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash at end of period<\/td>\n\u00a0<\/td>\n$<\/td>\n74,142<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,235<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
RECONCILIATION OF GAAP NET LOSS\u00a0TO NON-GAAP NET LOSS<\/strong>
\n
\n (In thousands, except per share data)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Nine Months Ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(7,933<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(6,845<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(15,062<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(11,209<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n839<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n590<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,597<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,236<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquisition-related intangibles<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n645<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n886<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n255<\/td>\n\u00a0<\/td>\n<\/tr>\n
Acquisition costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n313<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n313<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of contingent consideration and warrants<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(556<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,648<\/td>\n)<\/td>\n<\/tr>\n
Non-GAAP net loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(3,395<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(6,726<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(8,526<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(14,366<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP net loss per share – basic<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.13<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.32<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.37<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.69<\/td>\n)<\/td>\n<\/tr>\n
Weighted average shares outstanding – basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,786<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n RECONCILIATION OF GAAP OPERATING CASH FLOW TO NON-GAAP OPERATING CASH FLOW<\/strong>
\n
\n (In thousands)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Nine months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n December 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n December 31, 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating cash flow<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,871<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(17,779<\/td>\n)<\/td>\n<\/tr>\n
Sinovel settlement (net of legal fees and expenses)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax effect of adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,724<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP operating cash flow<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,871<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(14,055<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Reconciliation of Forecast GAAP Net Loss to Non-GAAP Net Loss<\/strong>
\n
\n (In millions, except per share data)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three months
ending<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n March 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss<\/td>\n\u00a0<\/td>\n$<\/td>\n8.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquisition-related intangibles<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP net loss<\/td>\n\u00a0<\/td>\n$<\/td>\n6.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP net loss per share<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.25<\/td>\n)<\/td>\n<\/tr>\n
Shares outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25.7<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Note: Non-GAAP net loss is defined by the Company as net income (loss) before:\u00a0stock-based compensation; amortization of acquisition-related intangibles; acquisition costs; changes in fair value of contingent consideration and warrants; other non-cash or unusual charges, and the tax effect of adjustments calculated at the relevant rate for our non-GAAP metric. The Company believes non-GAAP net loss assists management and investors in comparing the Company\u2019s performance across reporting periods on a consistent basis by excluding these non-cash, non-recurring or other charges that it does not believe are indicative of its core operating performance.\u00a0 The Company is not able to provide the change in fair value of contingent consideration on a forward-looking basis without unreasonable efforts because the calculation for that change is primarily driven by the closing price and volatility of the Company’s stock at the end of each fiscal quarter, which cannot be reasonably estimated at this time.\u00a0The Company no longer has any warrants outstanding,<\/em>\u00a0therefore the Company’s non-GAAP net loss guidance does not include the impact from this adjustment.\u00a0 Actual GAAP and non-GAAP net loss for the fiscal quarter ending March 31, 2021, including the above adjustments, may differ materially from those forecasted in the table above, including as a result of the inclusion of the change in fair value of contingent consideration.<\/em><\/p>\n

\n Non-GAAP operating cash flow is defined by the Company as operating cash flow before: Sinovel settlement (net of legal fees and expenses); and other unusual cash flows or items. The Company believes non-GAAP operating cash flow assists management and investors in comparing the Company\u2019s operating cash flow across reporting periods on a consistent basis by excluding these non-recurring cash items that it does not believe are indicative of its core operating cash flow.<\/em>\n <\/p>\n

\n Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP measures included in this release, however, should be considered in addition to, and not as a substitute for or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP. A reconciliation of GAAP to non-GAAP net loss is set forth in the table above.<\/em>\n <\/p>\n

\n AMSC Contacts<\/strong><\/p>\n

Investor Relations Contact:<\/u>
\n
LHA Investor Relations
Carolyn Capaccio
212-838-3777
amscIR@lhai.com<\/a><\/p>\n

\n Public Relations Contact:<\/u>
\n
RooneyPartners
Jeffrey Freedman
646-432-0191
jfreedman@rooneyco.com<\/a><\/p>\n

\n AMSC Communications Manager:<\/u>
\n
Nicol Golez
978-399-8344
Nicol.Golez@amsc.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Company to host conference call tomorrow, February 4\u00a0at 10:00 am ET AYER, Mass., Feb. 03, 2021 (GLOBE NEWSWIRE) — AMSC (Nasdaq: AMSC),\u00a0a\u00a0leading system provider of megawatt-scale power resiliency solutions that\u00a0orchestrate\u00a0the rhythm and harmony of power on the grid\u2122, and protect\u00a0and expand\u00a0the capability and resiliency of our Navy\u2019s fleet,\u00a0today reported financial results for its third quarter of fiscal year 2020\u00a0ended December 31, 2020. Revenues for the third quarter of fiscal 2020 were $23.6\u00a0million compared with $17.9 million for the same period of fiscal 2019.\u00a0The year-over-year increase was a result of higher Grid and Wind segment revenues versus the year ago period.\u00a0 The higher Grid segment revenues were primarily due to\u00a0revenues generated from our recent acquisition of Northeast Power Systems, Inc.\u00a0The higher … <\/p>\n

Continue reading “AMSC Reports Third Quarter Fiscal Year 2020\u00a0Financial Results and Provides Business Outlook”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-428165","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAMSC Reports Third Quarter Fiscal Year 2020\u00a0Financial Results and Provides Business Outlook - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMSC Reports Third Quarter Fiscal Year 2020\u00a0Financial Results and Provides Business Outlook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Company to host conference call tomorrow, February 4\u00a0at 10:00 am ET AYER, Mass., Feb. 03, 2021 (GLOBE NEWSWIRE) — AMSC (Nasdaq: AMSC),\u00a0a\u00a0leading system provider of megawatt-scale power resiliency solutions that\u00a0orchestrate\u00a0the rhythm and harmony of power on the grid\u2122, and protect\u00a0and expand\u00a0the capability and resiliency of our Navy\u2019s fleet,\u00a0today reported financial results for its third quarter of fiscal year 2020\u00a0ended December 31, 2020. Revenues for the third quarter of fiscal 2020 were $23.6\u00a0million compared with $17.9 million for the same period of fiscal 2019.\u00a0The year-over-year increase was a result of higher Grid and Wind segment revenues versus the year ago period.\u00a0 The higher Grid segment revenues were primarily due to\u00a0revenues generated from our recent acquisition of Northeast Power Systems, Inc.\u00a0The higher … Continue reading "AMSC Reports Third Quarter Fiscal Year 2020\u00a0Financial Results and Provides Business Outlook"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-03T21:08:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0Njc4MSMzOTU5MzYzIzIwMjExMjg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"14 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"AMSC Reports Third Quarter Fiscal Year 2020\u00a0Financial Results and Provides Business Outlook\",\"datePublished\":\"2021-02-03T21:08:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\\\/\"},\"wordCount\":2860,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE0Njc4MSMzOTU5MzYzIzIwMjExMjg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2020-financial-results-and-provides-business-outlook\\\/\",\"name\":\"AMSC Reports Third Quarter Fiscal Year 2020\u00a0Financial Results and Provides Business Outlook - 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