For the fourth quarter ending March 31 AMSC expects that its revenues will be in the range of $36.0 million to $40.0 million. The Company’s net loss for the fourth quarter of fiscal 2023 is expected not to exceed $3.5 million, or $0.12 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 $1.7 million, or $0.06 per share. The Company expects operating cash flow to be breakeven to a positive cash generation of $2.0 million in the fourth quarter of fiscal 2023. The Company expects cash, cash equivalents, and restricted cash on March 31, 2024, to be no less than $25 million. consensus for Q4 revenue is 34.37M.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AMSC:
- AMSC Reports Third Quarter Fiscal Year 2023 Financial Results and Provides Business Outlook
- AMSC to Report Third Quarter Fiscal Year 2023 Financial Results on January 24, 2024
- AMSC price target raised to $14 from $12 at Craig-Hallum
- AMSC receives wind turbine electrical control system order from Inox Wind
- AMSC Receives Wind Turbine Electrical Control System Order from Inox Wind
