{"id":809377,"date":"2025-02-05T16:21:52","date_gmt":"2025-02-05T21:21:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\/"},"modified":"2025-02-05T16:21:52","modified_gmt":"2025-02-05T21:21:52","slug":"amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\/","title":{"rendered":"AMSC Reports Third Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook"},"content":{"rendered":"
\n\n\n\n
\u00a0<\/td>\nThird Quarter Financial Highlights:<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u2022\u00a0Increased Revenue by 56% Year Over Year to Above $60\u00a0Million<\/em>
\n
\n \u2022\u00a0Net Income of over $2\u00a0Million<\/em>
\n
\n \u2022 Generated nearly $6\u00a0Million of Operating Cash Flow<\/em>\n <\/td>\n<\/tr>\n<\/table>\n

Company to host conference call tomorrow, February 6, at 10:00 am ET\u00a0<\/p>\n

AYER, Mass., Feb. 05, 2025 (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\u00a0and protect\u00a0and expand\u00a0the capability and resiliency of our Navy\u2019s fleet,\u00a0today reported financial results for its\u00a0third\u00a0quarter of fiscal year\u00a02024 ended December 31, 2024.<\/p>\n

Revenues for the\u00a0third\u00a0quarter of fiscal\u00a02024 were $61.4\u00a0million compared with $39.4 million for the same period of fiscal 2023.\u00a0The year-over-year increase was driven\u00a0by organic growth and the acquisition of NWL, Inc.\u00a0<\/p>\n

AMSC\u2019s net income for the\u00a0third\u00a0quarter of fiscal\u00a02024 was $2.5\u00a0million, or $0.07\u00a0per share, compared to a net loss of $1.6 million, or $0.06 per share, for the same period of fiscal 2023.\u00a0The Company\u2019s non-GAAP net income for the\u00a0third quarter of fiscal\u00a02024 was $6.0 million, or $0.16 per share, compared with a non-GAAP net income of $0.9\u00a0million, or $0.03 per share, in the same period of fiscal 2023. Please refer to the financial table below for a reconciliation of GAAP to non-GAAP results.<\/p>\n

Cash, cash equivalents,\u00a0and restricted cash on December 31, 2024, totaled $80.0 million, compared with $74.8\u00a0million at September 30, 2024.<\/p>\n

“AMSC delivered the best quarterly results in years. Fiscal third quarter revenue surpassed $60 million, that\u2019s revenue growth of\u00a056% when compared to the same period last year, and net income exceeded $2 million, making it our second consecutive quarter of reporting net income,\u201d said Daniel P. McGahn, Chairman, President and CEO, AMSC. \u201cBookings and backlog during the quarter continued to be robust.\u00a0We believe our company\u2019s diverse bookings and strengthened balance sheet allow us to seize opportunities in new markets and extend our customer reach. We are proud of these results and remain focused on driving execution and strong performance as we move into the fourth fiscal quarter of the year.”<\/p>\n

\n Business Outlook
<\/strong>For the\u00a0fourth\u00a0quarter ending March 31, 2025, AMSC expects that its revenues will be in the range of $59.0\u00a0million to $63.0\u00a0million. The Company\u2019s net loss for the\u00a0fourth\u00a0quarter of fiscal\u00a02024 is expected not to exceed $1.0\u00a0million, or $0.03\u00a0per share.\u00a0The Company’s non-GAAP net income\u00a0(as defined below)\u00a0is expected to exceed\u00a0$2.5\u00a0million, or $0.07\u00a0per share.<\/p>\n

\n Conference Call Reminder
<\/strong>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 6, 2025, 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.\u00a0The live call can be accessed by dialing 1-844-481-2802\u00a0or 1-412-317-0675 and asking to join the AMSC call. A replay of the call may be accessed 2 hours following the call by dialing 1-877-344-7529\u00a0and using conference passcode 9514460.<\/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\u00ae 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, Neeltran, NEPSI, 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 execution of our goals and strategies; backlog; expectations regarding the fourth quarter of fiscal 2024; our expected GAAP and non-GAAP financial results for the quarter\u00a0ending March 31, 2025;\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.\u00a0Such 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.\u00a0Our 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; Our technology and products could infringe intellectual property rights of others, which may require costly litigation and, if we are not successful, could cause us to pay substantial damages and disrupt our business; Changes in exchange rates could adversely affect our results of operations; 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; If we fail to maintain proper and effective internal control over financial reporting, our 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;\u00a0Our 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; Changes in U.S. government defense spending could negatively impact our financial position, results of operations, liquidity and overall business; Pandemics, epidemics or other public health crises may adversely impact our business, financial condition and results of operations; 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; Uncertainty surrounding our prospects and financial condition\u00a0may have an adverse effect on our customer and supplier relationship; Our success is dependent upon attracting and retaining qualified personnel and our inability to do so could significantly damage our business and prospects; A\u00a0significant portion of our Wind segment revenues are derived from a single customer. 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; Our business and operations would be adversely impacted in the event of a failure or security breach of our or any critical third parties’ information technology infrastructure and networks; We may acquire additional complementary businesses or technologies, which may require us to incur substantial costs for which we may never realize the anticipated benefits; 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; 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; We or third parties on whom we depend may be adversely affected by natural disasters, including events resulting from climate change, and our business continuity and disaster recovery plans may not adequately protect us or our value chain from such events; Adverse changes in domestic and global economic conditions could adversely affect our operating results; 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; Our products face competition, which could limit our ability to acquire or retain customers; 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 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; Industry consolidation could result in more powerful competitors and fewer customers; Increasing focus and scrutiny on environmental sustainability and social initiatives could increase our costs, and inaction could harm our reputation and adversely impact our financial 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 energy sources may reduce the demand for wind energy development, which could have a material adverse effect on our ability to grow our Wind business; We may be unable to adequately prevent disclosure of trade secrets and other proprietary information; Our patents may not provide meaningful or long-term protection for our technology, which could result in us losing some or all of our market position; There are a number of technological challenges that must be successfully addressed before our superconductor products can gain widespread commercial acceptance, and our inability to address such technological challenges could adversely affect our ability to acquire customers for our products; Third parties have or may acquire patents that cover the materials, processes and technologies we use or may use in the future to manufacture our Amperium products, and our success depends on our ability to license such patents or other proprietary rights; Our common stock has experienced, and may continue to experience, market price and volume fluctuations, which may prevent our stockholders from selling our common stock at a profit and could lead to costly litigation against us that could divert our management\u2019s attention; Unfavorable results of legal proceedings could have a material adverse effect on our business, operating results and financial condition;\u00a0and the other 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, 2024, and 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>\n <\/p>\n

\n \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 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong>
\n
\n (In thousands, except per share data)<\/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<\/tr>\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 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/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$<\/td>\n52,306<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n131,578<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n87,854<\/td>\n\u00a0<\/td>\n<\/tr>\n
Wind<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,097<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,585<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,757<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,353<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n156,163<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,611<\/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>\n45,077<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,759<\/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>\n16,326<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,984<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,163<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,852<\/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>\n3,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,199<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,932<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,693<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,567<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,990<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,648<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquisition-related intangibles<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n444<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,289<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,614<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of contingent consideration<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n852<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,052<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restructuring<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14<\/td>\n)<\/td>\n<\/tr>\n
Total operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,893<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,993<\/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 income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,315<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,438<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,730<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,141<\/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
Interest income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n802<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,901<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n518<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income (expense), net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n272<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(298<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(214<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(618<\/td>\n)<\/td>\n<\/tr>\n
Income (loss) before income tax expense (benefit)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,389<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,586<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(43<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,241<\/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 (benefit) expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(76<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,871<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n291<\/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 income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,465<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,649<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n4,828<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(9,532<\/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 income (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$<\/td>\n0.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.06<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.13<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.33<\/td>\n)<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.06<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.13<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.33<\/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>\n37,661<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,092<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,728<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,463<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,092<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,728<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \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\n
\n UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS<\/strong>
\n
\n (In thousands, except per share data)<\/strong>\n <\/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<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n December 31, 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n March 31, 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n ASSETS<\/strong>\n <\/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 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$<\/td>\n75,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n90,522<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,135<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,325<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,857<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,295<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n468<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n205,434<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n166,467<\/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
Property, plant and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,390<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,861<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangibles, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,622<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,369<\/td>\n\u00a0<\/td>\n<\/tr>\n
Right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,557<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,950<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,471<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,523<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,290<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,155<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,119<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equity-method investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,397<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n757<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n637<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n310,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n232,771<\/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\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
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$<\/td>\n29,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,235<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liability, current portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n675<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n716<\/td>\n\u00a0<\/td>\n<\/tr>\n
Debt, current portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25<\/td>\n\u00a0<\/td>\n<\/tr>\n
Contingent consideration<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,100<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred revenue, current portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,732<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,808<\/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>\n9,003<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,097<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liability, long term portion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,725<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,968<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n300<\/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>\n27<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n117,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n88,200<\/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, $0.01 par value, 75,000,000 shares authorized; 39,863,084 and 37,343,812 shares issued and 39,459,733 and 36,946,181 shares outstanding at December 31, 2024 and March 31, 2024, respectively<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n399<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n373<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,256,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,212,913<\/td>\n\u00a0<\/td>\n<\/tr>\n
Treasury stock, at cost, 403,351 and 397,631 at December 31, 2024 and March 31, 2024, respectively<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,765<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,639<\/td>\n)<\/td>\n<\/tr>\n
Accumulated other comprehensive income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,662<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,582<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,061,830<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,066,658<\/td>\n)<\/td>\n<\/tr>\n
Total stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n192,676<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n144,571<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and stockholders’ equity<\/td>\n\u00a0<\/td>\n$<\/td>\n310,278<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n232,771<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \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 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/strong>
\n
\n (In thousands)<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\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 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/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 income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n4,828<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(9,532<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to reconcile net income (loss) to net cash provided by (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>\n3,984<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,360<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,608<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for excess and obsolete inventory<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,536<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of operating lease right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n753<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n457<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,171<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings from equity method investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(152<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of contingent consideration<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,052<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-cash items<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(177<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n494<\/td>\n\u00a0<\/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>\n(1,650<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,945<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,836<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,737<\/td>\n)<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,658<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,682<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating leases<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,531<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(450<\/td>\n)<\/td>\n<\/tr>\n
Accounts payable and accrued expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,409<\/td>\n)<\/td>\n<\/tr>\n
Deferred revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,686<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,894<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by (used in) operating activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,995<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(97<\/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
Purchases of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,376<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(635<\/td>\n)<\/td>\n<\/tr>\n
Cash paid to settle contingent consideration liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,278<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash paid for acquisition, net of cash acquired<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29,577<\/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>\n167<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8<\/td>\n)<\/td>\n<\/tr>\n
Net cash used in investing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(34,064<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(643<\/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
Repurchase of treasury stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(126<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Repayment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(25<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(49<\/td>\n)<\/td>\n<\/tr>\n
Cash paid related to registration of common stock shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(148<\/td>\n)<\/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>\n157<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash (used in) provided by financing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(142<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87<\/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>\n(29<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/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 decrease in cash, cash equivalents and restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,240<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(650<\/td>\n)<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash at beginning of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92,280<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,675<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash at end of period<\/td>\n\u00a0<\/td>\n$<\/td>\n80,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,025<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS)<\/strong>
\n
\n (In thousands, except per share data)<\/strong>
\n
\n
\n <\/strong>\n <\/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<\/tr>\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 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,465<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,649<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n4,828<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(9,532<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,861<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,140<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,608<\/td>\n\u00a0<\/td>\n<\/tr>\n
Acquisition costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquisition-related intangibles<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n706<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,727<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,620<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of contingent consideration<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n852<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,052<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n6,047<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,265<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,252<\/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 income (loss) per share – basic<\/td>\n\u00a0<\/td>\n$<\/td>\n0.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.52<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.04<\/td>\n)<\/td>\n<\/tr>\n
Non-GAAP net income (loss) per share – diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n0.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.51<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.04<\/td>\n)<\/td>\n<\/tr>\n
Weighted average shares outstanding – basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,661<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,092<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,728<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average shares outstanding – diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,463<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,428<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,457<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,728<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Reconciliation of Forecast GAAP Net Loss to Non-GAAP Net Income<\/strong>
\n
\n (In millions, except per share data)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\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, 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.0<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquisition-related intangibles<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP net income<\/td>\n\u00a0<\/td>\n$<\/td>\n2.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP net income per share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.07<\/td>\n\u00a0<\/td>\n<\/tr>\n
Shares outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Note: Non-GAAP net income (loss) is defined by the Company as net income (loss) before\u00a0stock-based compensation; amortization of acquisition-related intangibles; acquisition costs; change in fair value of contingent consideration, 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 income (loss) and non-GAAP net income (loss) per share assist\u00a0management 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.\u00a0Actual GAAP and non-GAAP net loss for the fiscal quarter ending March 31, 2025, including the above adjustments, may differ materially from those forecasted in the table above. 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 measure\u00a0included in this release, however, should be considered in addition to, and not as a substitute for or superior to, operating income or other measures of financial performance prepared in accordance with GAAP. A reconciliation of GAAP to non-GAAP net income (loss) is set forth in the table above.<\/em>\n <\/p>\n

\n AMSC Contacts<\/strong>
\n
\n Investor Relations Contact:<\/u>
\n
LHA Investor Relations
Carolyn Capaccio
(212) 838-3777
amscIR@lhai.com<\/u><\/p>\n

\n Public Relations Contact:<\/u>
\n
RooneyPartners
Joe Luongo
(914) 906-5903<\/p>\n

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

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

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

\u00a0 Third Quarter Financial Highlights: \u00a0 \u2022\u00a0Increased Revenue by 56% Year Over Year to Above $60\u00a0Million \u2022\u00a0Net Income of over $2\u00a0Million \u2022 Generated nearly $6\u00a0Million of Operating Cash Flow Company to host conference call tomorrow, February 6, at 10:00 am ET\u00a0 AYER, Mass., Feb. 05, 2025 (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\u00a0and protect\u00a0and expand\u00a0the capability and resiliency of our Navy\u2019s fleet,\u00a0today reported financial results for its\u00a0third\u00a0quarter of fiscal year\u00a02024 ended December 31, 2024. Revenues for the\u00a0third\u00a0quarter of fiscal\u00a02024 were $61.4\u00a0million compared with $39.4 million for the same period of fiscal 2023.\u00a0The year-over-year increase was driven\u00a0by organic growth and the acquisition of NWL, Inc.\u00a0 AMSC\u2019s … <\/p>\n

Continue reading “AMSC Reports Third Quarter Fiscal Year 2024 Financial 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-809377","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAMSC Reports Third Quarter Fiscal Year 2024 Financial 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-2024-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 2024 Financial Results and Provides Business Outlook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Third Quarter Financial Highlights: \u00a0 \u2022\u00a0Increased Revenue by 56% Year Over Year to Above $60\u00a0Million \u2022\u00a0Net Income of over $2\u00a0Million \u2022 Generated nearly $6\u00a0Million of Operating Cash Flow Company to host conference call tomorrow, February 6, at 10:00 am ET\u00a0 AYER, Mass., Feb. 05, 2025 (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\u00a0and protect\u00a0and expand\u00a0the capability and resiliency of our Navy\u2019s fleet,\u00a0today reported financial results for its\u00a0third\u00a0quarter of fiscal year\u00a02024 ended December 31, 2024. Revenues for the\u00a0third\u00a0quarter of fiscal\u00a02024 were $61.4\u00a0million compared with $39.4 million for the same period of fiscal 2023.\u00a0The year-over-year increase was driven\u00a0by organic growth and the acquisition of NWL, Inc.\u00a0 AMSC\u2019s … Continue reading "AMSC Reports Third Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-05T21:21:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1MzcwNCM2NzM3NDc2IzIwMjExMjg=\" \/>\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-2024-financial-results-and-provides-business-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"AMSC Reports Third Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook\",\"datePublished\":\"2025-02-05T21:21:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\\\/\"},\"wordCount\":2860,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM1MzcwNCM2NzM3NDc2IzIwMjExMjg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/amsc-reports-third-quarter-fiscal-year-2024-financial-results-and-provides-business-outlook\\\/\",\"name\":\"AMSC Reports Third Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook - 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