AMSC sees Q3 revenue $33M-$36M, consensus $32.07M

For the third quarter ending December 31 , AMSC expects that its revenues will be in the range of $33M to $36M. The Company’s net loss for the third quarter of fiscal 2023 is expected not to exceed $4.3 M, or 15c per share. The Company’s net loss guidance assumes no changes in fair value of contingent consideration. The Company’s non-GAAP net loss is expected not to exceed $2.5 M, or 8c per share. The Company expects operating cash flow to be breakeven to a positive cash generation of $2.0 million in the third quarter of fiscal 2023. The Company expects cash, cash equivalents, and restricted cash on December 31M to be no less than $24M. Consensus for Q3 EPS is (7c).