2023 Q4 Form 10-Q Financial Statement

#000143774923029753 Filed on November 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $39.35M $34.00M
YoY Change 64.79% 22.85%
Cost Of Revenue $29.37M $25.42M
YoY Change 25.7% -1.14%
Gross Profit $9.984M $8.586M
YoY Change 1831.14% 335.84%
Gross Profit Margin 25.37% 25.25%
Selling, General & Admin $7.833M $7.946M
YoY Change 9.2% 8.11%
% of Gross Profit 78.46% 92.55%
Research & Development $2.199M $1.641M
YoY Change 5.57% -29.08%
% of Gross Profit 22.03% 19.11%
Depreciation & Amortization $600.0K $600.0K
YoY Change 0.0% -14.29%
% of Gross Profit 6.01% 6.99%
Operating Expenses $11.42M $10.96M
YoY Change 17.44% 8.87%
Operating Profit -$1.438M -$2.369M
YoY Change -84.38% -70.72%
Interest Expense $150.0K $194.0K
YoY Change 257.14% 331.11%
% of Operating Profit
Other Income/Expense, Net -$298.0K -$204.0K
YoY Change 3.83% -379.45%
Pretax Income -$1.586M -$2.379M
YoY Change -83.22% -75.96%
Income Tax $100.0K $100.0K
% Of Pretax Income
Net Earnings -$1.649M -$2.485M
YoY Change -82.79% -74.85%
Net Earnings / Revenue -4.19% -7.31%
Basic Earnings Per Share -$0.06 -$0.09
Diluted Earnings Per Share -$0.06 -$0.09
COMMON SHARES
Basic Shares Outstanding 30.32M 30.29M
Diluted Shares Outstanding 29.09M 28.83M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.98M $22.80M
YoY Change 1.24% -18.02%
Cash & Equivalents $23.98M $22.82M
Short-Term Investments
Other Short-Term Assets $7.302M $5.900M
YoY Change -48.53% -43.46%
Inventory $44.20M $47.84M
Prepaid Expenses
Receivables $24.72M $27.51M
Other Receivables $0.00 $0.00
Total Short-Term Assets $100.2M $104.1M
YoY Change 6.41% 9.61%
LONG-TERM ASSETS
Property, Plant & Equipment $11.21M $11.58M
YoY Change -11.15% -9.49%
Goodwill $43.47M $43.47M
YoY Change 0.0% 0.0%
Intangibles $6.907M $7.445M
YoY Change -25.05% -24.88%
Long-Term Investments
YoY Change
Other Assets $640.0K $530.0K
YoY Change 47.81% 64.09%
Total Long-Term Assets $66.14M $67.22M
YoY Change -6.72% -12.44%
TOTAL ASSETS
Total Short-Term Assets $100.2M $104.1M
Total Long-Term Assets $66.14M $67.22M
Total Assets $166.3M $171.3M
YoY Change 0.77% -0.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.867M $11.39M
YoY Change -56.69% -37.35%
Accrued Expenses $15.55M $16.80M
YoY Change -1.39% 9.49%
Deferred Revenue $52.60M $52.09M
YoY Change 53.62% 80.73%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $41.00K $100.0K
YoY Change -43.06% 38.89%
Total Short-Term Liabilities $77.55M $85.27M
YoY Change 13.96% 27.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $26.00K $25.00K
YoY Change 8.33% 19.05%
Total Long-Term Liabilities $26.00K $25.00K
YoY Change -55.93% -68.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.55M $85.27M
Total Long-Term Liabilities $26.00K $25.00K
Total Liabilities $86.82M $94.43M
YoY Change 11.5% 23.66%
SHAREHOLDERS EQUITY
Retained Earnings -$1.065B -$1.063B
YoY Change 1.53% 2.35%
Common Stock $1.147B $1.142B
YoY Change 0.77% 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.639M $3.639M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $79.53M $76.89M
YoY Change
Total Liabilities & Shareholders Equity $166.3M $171.3M
YoY Change 0.77% -0.24%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$1.649M -$2.485M
YoY Change -82.79% -74.85%
Depreciation, Depletion And Amortization $600.0K $600.0K
YoY Change 0.0% -14.29%
Cash From Operating Activities $1.253M $900.0K
YoY Change -122.8% -115.76%
INVESTING ACTIVITIES
Capital Expenditures $205.0K $220.0K
YoY Change -50.0% -284.87%
Acquisitions
YoY Change
Other Investing Activities $2.000K $70.00K
YoY Change -102.11% -259.09%
Cash From Investing Activities -$203.0K -$150.0K
YoY Change -59.8% -7.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.00K 120.0K
YoY Change -45.83% 4.35%
NET CHANGE
Cash From Operating Activities 1.253M 900.0K
Cash From Investing Activities -203.0K -150.0K
Cash From Financing Activities -13.00K 120.0K
Net Change In Cash 1.037M 870.0K
YoY Change -117.21% -115.11%
FREE CASH FLOW
Cash From Operating Activities $1.253M $900.0K
Capital Expenditures $205.0K $220.0K
Free Cash Flow $1.048M $680.0K
YoY Change -117.75% -112.16%

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CY2023Q3 us-gaap Inventory Net
InventoryNet
47835000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
36986000 usd
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
700000 usd
CY2022Q3 us-gaap Inventory Write Down
InventoryWriteDown
700000 usd
us-gaap Inventory Write Down
InventoryWriteDown
1100000 usd
CY2022Q4 amsc Employee Retention Credits Receivable
EmployeeRetentionCreditsReceivable
3300000 usd
amsc Proceeds From Employee Retention Credit
ProceedsFromEmployeeRetentionCredit
3000000.0 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
58997000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
58651000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
47414000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
46342000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
11583000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
12309000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
600000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
700000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1200000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1400000 usd
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
11393000 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
13935000 usd
CY2023Q3 amsc Accrued Inventories In Transit
AccruedInventoriesInTransit
1123000 usd
CY2023Q1 amsc Accrued Inventories In Transit
AccruedInventoriesInTransit
2267000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4237000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3870000 usd
CY2023Q3 amsc Accrued Contract Loss
AccruedContractLoss
2584000 usd
CY2023Q1 amsc Accrued Contract Loss
AccruedContractLoss
3464000 usd
CY2023Q3 us-gaap Deposit Liability Current
DepositLiabilityCurrent
1156000 usd
CY2023Q1 us-gaap Deposit Liability Current
DepositLiabilityCurrent
5653000 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6041000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5430000 usd
CY2023Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
297000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
409000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1892000 usd
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2638000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
226000 usd
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
717000 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
28949000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
38383000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1926000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1942000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2638000 usd
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2066000 usd
CY2023Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
644000 usd
CY2022Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
479000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
852000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
656000 usd
CY2023Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
678000 usd
CY2022Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
368000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1598000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
669000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1892000 usd
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2053000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1892000 usd
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2053000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
3500000 usd
CY2023Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2600000 usd
CY2023Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1300000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
900000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1100000 usd
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1400000 usd
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1200000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
900000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2200000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-300000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-100000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2493000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2857000 usd
CY2023Q3 amsc Operating And Finance Lease Rightofuse Asset
OperatingAndFinanceLeaseRightofuseAsset
2493000 usd
CY2023Q1 amsc Operating And Finance Lease Rightofuse Asset
OperatingAndFinanceLeaseRightofuseAsset
2858000 usd
CY2023Q3 amsc Operating And Financing Lease Liabilities
OperatingAndFinancingLeaseLiabilities
2625000 usd
CY2023Q1 amsc Operating And Financing Lease Liabilities
OperatingAndFinancingLeaseLiabilities
2992000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0848 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0646 pure
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
255000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
514000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
40000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
79000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
37000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
74000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
332000 usd
us-gaap Lease Cost
LeaseCost
667000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
262000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
504000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
41000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
76000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
30000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
61000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
333000 usd
us-gaap Lease Cost
LeaseCost
641000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
472000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
803000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
755000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
614000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
392000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3051000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
426000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
600000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
500000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
600000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1700000 usd
CY2023Q1 amsc Restructuring And Related Cost Workforce To Be Reduced Percentage
RestructuringAndRelatedCostWorkforceToBeReducedPercentage
0.05 pure
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
34004000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
27680000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
64258000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
50360000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2369000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-8092000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-7702000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-16961000 usd
CY2023Q3 us-gaap Assets
Assets
171327000 usd
CY2023Q1 us-gaap Assets
Assets
175561000 usd

Files In Submission

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amsc-20230930_cal.xml Edgar Link unprocessable
amsc-20230930_pre.xml Edgar Link unprocessable
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0001437749-23-029753.txt Edgar Link pending
0001437749-23-029753-xbrl.zip Edgar Link pending
amsc-20230930.xsd Edgar Link pending
amsc20230930_10q.htm Edgar Link pending
ex_562543.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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