2015 Q2 Form 10-Q Financial Statement
#000156459015006142 Filed on August 05, 2015
Income Statement
| Concept | 2015 Q2 | 2014 Q2 |
|---|---|---|
| Revenue | $23.72M | $11.70M |
| YoY Change | 102.83% | -49.34% |
| Cost Of Revenue | $20.50M | $12.09M |
| YoY Change | 69.63% | -32.8% |
| Gross Profit | $3.220M | -$391.0K |
| YoY Change | -923.53% | -107.67% |
| Gross Profit Margin | 13.57% | -3.34% |
| Selling, General & Admin | $7.535M | $7.938M |
| YoY Change | -5.08% | -26.68% |
| % of Gross Profit | 234.01% | |
| Research & Development | $3.162M | $3.120M |
| YoY Change | 1.35% | 3.07% |
| % of Gross Profit | 98.2% | |
| Depreciation & Amortization | $39.00K | $2.475M |
| YoY Change | -98.42% | -6.78% |
| % of Gross Profit | 1.21% | |
| Operating Expenses | $10.70M | $11.06M |
| YoY Change | -3.26% | -65.37% |
| Operating Profit | -$8.257M | -$12.67M |
| YoY Change | -34.81% | 43.13% |
| Interest Expense | $300.0K | $500.0K |
| YoY Change | -40.0% | -76.19% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$772.0K | -$152.0K |
| YoY Change | 407.89% | -320.29% |
| Pretax Income | -$8.547M | -$13.39M |
| YoY Change | -36.16% | 28.46% |
| Income Tax | $600.0K | $128.0K |
| % Of Pretax Income | ||
| Net Earnings | -$9.121M | -$13.52M |
| YoY Change | -32.52% | 28.57% |
| Net Earnings / Revenue | -38.45% | -115.57% |
| Basic Earnings Per Share | -$0.75 | -$1.74 |
| Diluted Earnings Per Share | -$0.75 | -$1.74 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 12.11M shares | 7.769M |
| Diluted Shares Outstanding | 12.11M shares | 7.769M |
Balance Sheet
| Concept | 2015 Q2 | 2014 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $38.60M | $36.60M |
| YoY Change | 5.46% | 12.27% |
| Cash & Equivalents | $38.56M | $36.62M |
| Short-Term Investments | ||
| Other Short-Term Assets | $13.00M | $14.60M |
| YoY Change | -10.96% | -40.89% |
| Inventory | $17.10M | $19.40M |
| Prepaid Expenses | ||
| Receivables | $8.500M | $10.30M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $77.10M | $81.00M |
| YoY Change | -4.81% | -18.3% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $54.40M | $62.50M |
| YoY Change | -12.96% | -13.11% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $10.10M | $15.20M |
| YoY Change | -33.55% | 67.64% |
| Total Long-Term Assets | $65.80M | $79.60M |
| YoY Change | -17.34% | -16.26% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $77.10M | $81.00M |
| Total Long-Term Assets | $65.80M | $79.60M |
| Total Assets | $142.9M | $160.6M |
| YoY Change | -11.02% | -17.3% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $6.613M | $2.554M |
| YoY Change | 158.93% | -38.81% |
| Accrued Expenses | $11.50M | $15.90M |
| YoY Change | -27.67% | -24.64% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $3.800M | $5.900M |
| YoY Change | -35.59% | -49.57% |
| Total Short-Term Liabilities | $41.90M | $49.86M |
| YoY Change | -15.96% | -26.15% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.900M | $5.500M |
| YoY Change | -47.27% | -5.17% |
| Other Long-Term Liabilities | $3.500M | $1.023M |
| YoY Change | 242.13% | -12.19% |
| Total Long-Term Liabilities | $6.400M | $1.023M |
| YoY Change | 525.61% | -12.19% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $41.90M | $49.86M |
| Total Long-Term Liabilities | $6.400M | $1.023M |
| Total Liabilities | $48.30M | $58.10M |
| YoY Change | -16.86% | -23.27% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$869.9M | |
| YoY Change | 7.31% | |
| Common Stock | $816.0K | |
| YoY Change | 33.77% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $739.0K | |
| YoY Change | 99.73% | |
| Treasury Stock Shares | ||
| Shareholders Equity | $94.60M | $102.5M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $142.9M | $160.6M |
| YoY Change | -11.0% | -17.32% |
Cashflow Statement
| Concept | 2015 Q2 | 2014 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$9.121M | -$13.52M |
| YoY Change | -32.52% | 28.57% |
| Depreciation, Depletion And Amortization | $39.00K | $2.475M |
| YoY Change | -98.42% | -6.78% |
| Cash From Operating Activities | -$3.040M | -$5.510M |
| YoY Change | -44.83% | -40.8% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $197.0K | $287.0K |
| YoY Change | -31.36% | 195.88% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$130.0K | $93.00K |
| YoY Change | -239.78% | -54.63% |
| Cash From Investing Activities | -$60.00K | -$270.0K |
| YoY Change | -77.78% | -107.15% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $22.30M | |
| YoY Change | ||
| Debt Paid & Issued, Net | $1.000M | $1.442M |
| YoY Change | -30.65% | 24.96% |
| Cash From Financing Activities | 21.18M | -630.0K |
| YoY Change | -3461.9% | -47.98% |
| NET CHANGE | ||
| Cash From Operating Activities | -3.040M | -5.510M |
| Cash From Investing Activities | -60.00K | -270.0K |
| Cash From Financing Activities | 21.18M | -630.0K |
| Net Change In Cash | 18.08M | -6.410M |
| YoY Change | -382.06% | -4.95% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$3.040M | -$5.510M |
| Capital Expenditures | $197.0K | $287.0K |
| Free Cash Flow | -$3.237M | -$5.797M |
| YoY Change | -44.16% | -38.36% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q1 | us-gaap |
Inventory Net
InventoryNet
|
20596000 | |
| CY2015Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
10764000 | |
| CY2015Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2822000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20490000 | |
| CY2015Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
9879000 | |
| CY2015Q1 | us-gaap |
Assets Current
AssetsCurrent
|
64551000 | |
| CY2015Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
56097000 | |
| CY2015Q2 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
| CY2015Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1236000 | |
| CY2015Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
7766000 | |
| CY2015Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
2753000 | |
| CY2015Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1422000 | |
| CY2015Q1 | us-gaap |
Assets
Assets
|
133825000 | |
| CY2015Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
21615000 | |
| CY2015Q2 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
| CY2015Q2 | dei |
Trading Symbol
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|
AMSC | |
| CY2015Q2 | dei |
Entity Central Index Key
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Entity Common Stock Shares Outstanding
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Cost Of Revenue
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20503000 | |
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Cost Of Revenue
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|
12087000 | |
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Research And Development Expense
ResearchAndDevelopmentExpense
|
3162000 | |
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Research And Development Expense
ResearchAndDevelopmentExpense
|
3120000 | |
| CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
7535000 | |
| CY2014Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
7938000 | |
| CY2014Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
1179000 | |
| CY2014Q2 | us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
39000 | |
| CY2014Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
24363000 | |
| CY2014Q2 | us-gaap |
Operating Income Loss
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|
-12667000 | |
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Gain Loss In Change Of Fair Value Of Derivative Instruments And Warrants
GainLossInChangeOfFairValueOfDerivativeInstrumentsAndWarrants
|
-35000 | |
| CY2015Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-318000 | |
| CY2014Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-535000 | |
| CY2015Q1 | amsc |
Noncurrent Portion Of Unamortized Debt Discount
NoncurrentPortionOfUnamortizedDebtDiscount
|
290000 | |
| CY2015Q1 | amsc |
Current Portion Of Unamortized Debt Discount
CurrentPortionOfUnamortizedDebtDiscount
|
244000 | |
| CY2015Q2 | amsc |
Noncurrent Portion Of Unamortized Debt Discount
NoncurrentPortionOfUnamortizedDebtDiscount
|
233000 | |
| CY2015Q2 | amsc |
Current Portion Of Unamortized Debt Discount
CurrentPortionOfUnamortizedDebtDiscount
|
190000 | |
| CY2015Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
741000 | |
| CY2015Q2 | us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
39000 | |
| CY2015Q2 | us-gaap |
Costs And Expenses
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|
31980000 | |
| CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8257000 | |
| CY2015Q2 | amsc |
Gain Loss In Change Of Fair Value Of Derivative Instruments And Warrants
GainLossInChangeOfFairValueOfDerivativeInstrumentsAndWarrants
|
800000 | |
| CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-772000 | |
| CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9121000 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.75 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.75 | |
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Weighted Average Number Of Shares Outstanding Basic
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12111000 | |
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Weighted Average Number Of Diluted Shares Outstanding
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12111000 | |
| CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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|
430000 | |
| CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
430000 | |
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Inventory Write Down
InventoryWriteDown
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602000 | |
| CY2014Q2 | us-gaap |
Inventory Write Down
InventoryWriteDown
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649000 | |
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Gain Loss On Investments
GainLossOnInvestments
|
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Amortization Of Financing Costs And Discounts
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|
111000 | |
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Increase Decrease In Accounts Receivable
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-1414000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
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-2968000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-271000 | |
| CY2015Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
197000 | |
| CY2015Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
7000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
4000 | |
| CY2015Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-130000 | |
| CY2015Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-64000 | |
| CY2015Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
98000 | |
| CY2015Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1000000 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.019 | |
| CY2014Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-152000 | |
| CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8547000 | |
| CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-13389000 | |
| CY2015Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
329000 | |
| CY2014Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
34000 | |
| CY2015Q2 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
107000 | |
| CY2014Q2 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1431000 | |
| CY2015Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
18071000 | |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-6490000 | |
| CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
43114000 | |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
36624000 | |
| CY2015Q2 | us-gaap |
Interest Paid
InterestPaid
|
220000 | |
| CY2014Q2 | us-gaap |
Interest Paid
InterestPaid
|
368000 | |
| CY2015Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. Nature of the Business and Operations and Liquidity </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Nature of the Business and Operations </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">American Superconductor Corporation (“AMSC” or the “Company”) was founded on April 9, 1987. The Company is a leading provider of megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid. In the wind power market, the Company enables manufacturers to field wind turbines through its advanced engineering, support services and power electronics products. In the power grid market, the Company enables electric utilities and renewable energy project developers to connect, transmit and distribute power through its transmission planning services and power electronics and superconductor-based products. The Company’s wind and power grid products and services provide exceptional reliability, security, efficiency and affordability to its customers. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These unaudited condensed consolidated financial statements of the Company have been prepared on a going concern basis in accordance with United States generally accepted accounting principles (“GAAP”) and the Securities and Exchange Commission’s (“SEC”) instructions to Form 10-Q. The going concern basis of presentation assumes that the Company will continue operations and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those instructions. The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. The unaudited condensed consolidated financial statements, in the opinion of management, reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the results for the interim periods ended June 30, 2015 and 2014 and the financial position at June 30, 2015. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On March 24, 2015, the Company effected a 1-for-10 reverse stock split of its common stock. Trading of the Company’s common stock reflected the reverse stock split beginning on March 25, 2015. Unless otherwise indicated, all historical references to shares of common stock, shares of restricted stock, restricted units, shares underlying options, warrants or calculations that use common stock for per share financial reporting have been adjusted for comparative purposes to reflect the impact of the 1-for-10 reverse stock split as if it had occurred at the beginning of the earliest period presented.</p> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Liquidity </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has experienced recurring operating losses and as of June 30, 2015, the Company had an accumulated deficit of $914.2 million. In addition, the Company has experienced recurring negative operating cash flows. At June 30, 2015, the Company had cash and cash equivalents of $38.6 million. Cash used in operations for the three months ended June 30, 2015 was $3.0 million.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">From April 1, 2011 through the date of this filing, the Company has reduced its global workforce substantially. The Company is currently in the process of consolidating certain business operations to reduce facility costs. As of June 30, 2015, the Company had a global workforce of 308 persons. The Company plans to closely monitor its expenses and if required, expects to further reduce operating costs and capital spending to enhance liquidity. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Over the last several years, the Company has entered into several debt and equity financing arrangements in order to enhance liquidity. Since April 1, 2012, the Company has generated aggregate cash flows from financing activities of $74.0 million. This amount includes proceeds from an April 2015 equity offering, which generated net proceeds of approximately $22.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. See Note 10, “Debt”, and Note 12 “Stockholders Equity” for further discussion of these financing arrangements. The Company believes that it is in compliance with the covenants and restrictions included in the agreements governing its debt arrangements as of June 30, 2015.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company believes it has sufficient liquidity to fund its operations, capital expenditures and scheduled cash payments under its debt obligations for the next twelve months. The Company’s liquidity is highly dependent on, its ability to increase revenues, its ability to control its operating costs, its ability to maintain compliance with the covenants and restrictions on its debt obligations (or obtain waivers from its lender in the event of non-compliance), and its ability to raise additional capital, if necessary. There can be no assurance that the Company will be able to continue to raise additional capital from other sources or execute on any other means of improving liquidity described above. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company no longer believes its investments in Tres Amigas, LLC, a Delaware limited liability company (“Tres Amigas”) or Blade Dynamics Ltd. (“Blade Dynamics”) are recoverable. The Company fully impaired its remaining investments in both, recording a charge of $0.7 million during the three months ended June 30, 2015 for Tres Amigas and $3.5 million in the three months ended September 30, 2014 for Blade Dynamics. (See Note 14, “Minority Investments”, for further information about such investments). </p></div> | |
| CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
574000 | |
| CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
128000 | |
| CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13517000 | |
| CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.74 | |
| CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.74 | |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7769000 | |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7769000 | |
| CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-101000 | |
| CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-101000 | |
| CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8691000 | |
| CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-13618000 | |
| CY2015Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2028000 | |
| CY2014Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2475000 | |
| CY2015Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1128000 | |
| CY2014Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1581000 | |
| CY2015Q2 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
746000 | |
| CY2015Q2 | amsc |
Writeoff Prepaid Taxes
WriteoffPrepaidTaxes
|
820000 | |
| CY2014Q2 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-202000 | |
| CY2014Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
190000 | |
| CY2015Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-553000 | |
| CY2014Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-49000 | |
| CY2014Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2741000 | |
| CY2014Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-623000 | |
| CY2014Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-441000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3024000 | |
| CY2014Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1344000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1087000 | |
| CY2014Q2 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
5851000 | |
| CY2015Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-3035000 | |
| CY2014Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-5506000 | |
| CY2014Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
287000 | |
| CY2014Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
5000 | |
| CY2014Q2 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-108000 | |
| CY2014Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
93000 | |
| CY2014Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-267000 | |
| CY2014Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
368000 | |
| CY2014Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1442000 | |
| CY2015Q2 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
22281000 | |
| CY2014Q2 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
1177000 | |
| CY2015Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
21183000 | |
| CY2014Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-633000 | |
| CY2015Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-13000 | |
| CY2014Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-84000 | |
| CY2015Q1 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
0.1 | |
| CY2015Q2 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
308 | |
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
74000000 | ||
| CY2015Q2 | amsc |
Weighted Average Shares Of Common Stock Outstanding
WeightedAverageSharesOfCommonStockOutstanding
|
12312000 | |
| CY2015Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
22300000 | |
| CY2015Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1128000 | |
| CY2014Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1581000 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.855 | |
| CY2014Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y9M18D | |
| CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
| CY2015Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1600000 | |
| CY2014Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
700000 | |
| CY2014Q2 | amsc |
Weighted Average Shares Of Common Stock Outstanding
WeightedAverageSharesOfCommonStockOutstanding
|
7962000 | |
| CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
201000 | |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
193000 | |
| CY2015Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
26010000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
12519000 | |
| CY2015Q2 | us-gaap |
Billed Contract Receivables
BilledContractReceivables
|
6601000 | |
| CY2015Q1 | us-gaap |
Billed Contract Receivables
BilledContractReceivables
|
8946000 | |
| CY2015Q2 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
1944000 | |
| CY2015Q1 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
987000 | |
| CY2015Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
54000 | |
| CY2015Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
54000 | |
| CY2015Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
8018000 | |
| CY2015Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
9411000 | |
| CY2015Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1092000 | |
| CY2015Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2117000 | |
| CY2015Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
6286000 | |
| CY2015Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
7487000 | |
| CY2015Q2 | us-gaap |
Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
|
1684000 | |
| CY2015Q1 | us-gaap |
Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
|
1581000 | |
| CY2015Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
6613000 | |
| CY2015Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
7062000 | |
| CY2015Q2 | amsc |
Accrued Inventories In Transit
AccruedInventoriesInTransit
|
964000 | |
| CY2015Q1 | amsc |
Accrued Inventories In Transit
AccruedInventoriesInTransit
|
1127000 | |
| CY2015Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2969000 | |
| CY2015Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2695000 | |
| CY2015Q2 | amsc |
Accrued Outside Services
AccruedOutsideServices
|
684000 | |
| CY2015Q1 | amsc |
Accrued Outside Services
AccruedOutsideServices
|
582000 | |
| CY2015Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3545000 | |
| CY2015Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
5937000 | |
| CY2015Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
526000 | |
| CY2015Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
278000 | |
| CY2015Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
3344000 | |
| CY2015Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
3934000 | |
| CY2014Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
3207000 | |
| CY2015Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-5000 | |
| CY2014Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-72000 | |
| CY2015Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
585000 | |
| CY2014Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
280000 | |
| CY2014Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
2855000 | |
| CY2014Q2 | us-gaap |
Severance Costs1
SeveranceCosts1
|
1200000 | |
| CY2015Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
180000 | |
| CY2015Q2 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
162000 | |
| CY2015Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
18000 | |
| CY2014Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
844000 | |
| CY2014Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1179000 | |
| CY2014Q2 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
1078000 | |
| CY2014Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
945000 | |
| CY2015Q2 | us-gaap |
Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
|
As part of the Hercules Second Amendment, this Minimum Threshold was amended to be the lower of $5.0 million or the aggregate outstanding principal balance of the Term Loans. As a result of the Company’s April 2015 equity offering, the Minimum Threshold was reduced to the lesser of $2.0 million or the aggregate outstanding principal balance of the Term Loans. | |
| CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
300000 | |
| CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
500000 | |
| CY2015Q2 | amsc |
Non Cash Interest Expense Amortization Of Debt Discount
NonCashInterestExpenseAmortizationOfDebtDiscount
|
100000 | |
| CY2014Q2 | amsc |
Non Cash Interest Expense Amortization Of Debt Discount
NonCashInterestExpenseAmortizationOfDebtDiscount
|
200000 | |
| CY2012Q2 | invest |
Investment Warrants Expiration Date
InvestmentWarrantsExpirationDate
|
2017-12-05 | |
| CY2013Q4 | invest |
Investment Warrants Expiration Date
InvestmentWarrantsExpirationDate
|
2019-05-15 | |
| CY2014Q4 | us-gaap |
Common Unit Issued
CommonUnitIssued
|
909090 | |
| CY2014Q4 | amsc |
Warrants To Purchase One Share Of Common Stock
WarrantsToPurchaseOneShareOfCommonStock
|
0.9 | |
| CY2014Q4 | amsc |
Number Of Warrants Issued To Purchase Common Stock
NumberOfWarrantsIssuedToPurchaseCommonStock
|
818181 | |
| CY2014Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
11.00 | |
| CY2015Q2 | invest |
Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
|
9.41 | |
| CY2014Q4 | invest |
Investment Warrants Expiration Date
InvestmentWarrantsExpirationDate
|
2019-11-13 | |
| CY2014Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9100000 | |
| CY2015Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2015Q2 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
700000 | |
| CY2014Q2 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
1200000 |
