American Superconductor (AMSC) Message Board

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Technology Stocks : American Superconductor (AMSC)

AMSC 38.87

+6.3%

Nov 7 9:30 AM EST

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To: Ron Sovak who started this subject	5/13/2004 10:47:40 AM
From: David C. Burns	Read Replies (1) of 973

Financial results for fiscal 2004 and the fourth quarter ended March 31, 2004. Net revenues for fiscal 2004 increased 97% to a record $41.3 million from net revenues of $21.0 million for fiscal 2003. The net loss for fiscal 2004 was $26.7 million, or $1.10 per share, compared to a net loss of $87.6 million, or $4.21 per share, in fiscal 2003. Included in the net loss for fiscal 2003 were non-cash charges totaling $45.3 million related principally to an impairment of fixed assets. For the fourth quarter, net revenues increased 6% to $11.6 million from net revenues of $10.9 million for the fourth quarter of fiscal 2003. The net loss for the quarter totaled $4.5 million, or $0.16 per share, compared with a net loss of $54.0 million (including non-cash charges of $45.3 million), or $2.54 per share, for the fourth quarter of fiscal 2003.

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