Exhibit 99.1
Results Report for Second Quarter Fiscal 2005
Statement of Operations Data | Three Months ended | Six Months ended | ||
Revenues | 2004 | 2003 | 2004 | 2003 |
By business segment (1): | ||||
AMSC Wires | $ 3,062,418 | $ 2,361,334 | $ 6,396,567 | $ 3,458,458 |
SuperMachines | 3,553,353 | 6,407,755 | 10,939,084 | 11,957,649 |
Power Electronic Systems | 2,916,966 | 845,264 | 4,847,162 | 1,954,553 |
Total revenues | 9,532,737 | 9,614,353 | 22,182,813 | 17,370,660 |
Operating profit (loss): | ||||
AMSC Wires | (3,100,805) | (4,701,708) | (5,989,807) | (11,035,383) |
SuperMachines | (81,571) | 498,303 | (378,298) | 510,161 |
Power Electronic Systems | (473,245) | (1,454,825) | (1,822,091) | (3,278,890) |
Unallocated corporate expenses | (579,452) | (352,961) | (1,031,017) | (627,106) |
Operating loss | (4,235,073) | (6,011,191) | (9,221,213) | (14,431,218) |
Interest and other income (expense) | 151,392 | (1,325,065) | 191,364 | (1,261,514) |
Net loss | ($4,083,681) | ($7,336,256) | ($9,029,849) | ($15,692,732) |
Net loss per share-(Basic & Diluted) | ($0.15) | ($0.34) | ($0.33) | ($0.73) |
Weighted average shares outstanding | 27,760,281 | 21,381,882 | 27,742,476 | 21,362,905 |