Earnings call transcript Q4 2022

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good morning, and welcome to the AMSC Fourth Quarter Fiscal Year 2022 Financial Results Conference Call. All participants will be in a listen-only mode for the duration of the call. [Operator Instructions] Please also note that this event is being recorded today.

I would now like to turn the conference over to John Heilshorn at LHA. Please go ahead sir.

John Heilshorn

Joe. you, Thank and and everyone American Corporation's Superconductor Good fiscal welcome year quarter full call. XXXX fourth morning, to earnings conference John Investor LHA of Heilshorn Investor am agency record. Relations, Relations I AMSC's of

call are and and Officer; Senior Treasurer. With us Kosiba, on Daniel Chairman, Chief John Financial President Chief President, McGahn, Vice Executive and Officer today's

American its for release fiscal earnings Superconductor full the yesterday XXXX after the year issued market fourth closed. quarter and

page available of not have company's seen release, in who the you is Investors www.amsc.com. of those at For the a website the copy

by starting call, Harbor important the XX, American forward-looking various company Commission a report fiscal the of materially March section with Superconductor's the make for statements as under call Before the of Form remind regarding may provisions I'd you results from the Private Superconductor's statements Securities those constitute indicated which XXXX, May the quarter XX, American the Exchange the ended Factors Securities remarks filed during Act in XXXX purposes with like of that XXXX, Litigation financial about for future to expectations first Reform may differ XX-K expectations, performance, including that reports plans including on of such Actual and forth company's Safe management on company's prospects, the other SEC. factors, and those Risk forward-looking various year annual of the filed today's result XXXX. and set

to expectations views of be upon management relied forward-looking only as of not should subsequent date as statements as These represent today management's and any representing today.

the update specifically company's events statements. and these disclaims views anticipates any that to may developments the to subsequent cause company forward-looking obligation the company change, While

performance. across call, charges or excluding non-GAAP are consistent loss performance not net that management refer comparing Also periods that non-cash, believe management measure. financial operating a loss, non-recurring its on other The these on indicative does the basis assists and company's net by company reporting in a of believes non-GAAP investors non-GAAP to core it today's will

loss be Form fiscal The net earnings on the the issued last GAAP SEC can night non-GAAP and the full that press fourth company release to reconciliation X-K. net and loss 'XX of furnished in to found quarter

Superconductor's through releases Investors page of and SEC www.amsc.com. be at filings All its can website press American the accessed of

With that, I Daniel the Officer, over and McGahn. Executive call will Daniel? now Chairman, to turn Chief President

Daniel McGahn

a our morning, the remarks update Thanks, and an few quarter thank us. financial for begin a Kosiba and John. fiscal everyone, you business. for joining on I'll today the full results of by detailed sharing review XXXX. then provide fourth John Good will providing year and

XXXX, He the first will will of fiscal also XX guidance for XXXX. June, which quarter provide end

for Following line our open from our we remarks will questions the analysts. up

XXXX. discussing quarter. year I'll XX% In the with $XX quarter of March recap and fourth a quarter, grow grew. level begin year today we before as quarter, million our Both period, fiscal our revenues eclipsing reached record fourth of a more saw against than we wind recent ago revenues for the grid the ending brief by

XX% XX% grew same than while year-ago more over revenue Our our by wind business the grid over revenue business by increased quarter period. the

We our for point represents revenue believe quarterly an this unprecedented company. level inflection

and good to margins news backlog. couple deliver. projects work be Neeltran as only have during several able off a will these to stated, compressed our more of have As we we we The complete is, quarter were fourth

many our higher generating we across Orders higher margins. have and in have product prices that with at expected been been lines cases

backlog, to the of off cash improvements. remainder expansion, flow see gross operating this work As we well as we as margin expect dramatic

call. themes main hear I this you'll think this is one of the throughout

we $XXX million revenue these levels maintain backlog more could our of be going forward. to than XX-month indicates Additionally, that able

raised prices XXXX, overhead fiscal decreased where and have possible. we've all lines, spending, During across product

diversification more business during continued XX% increase the $XXX of million of one growth. is robust year. order an over fiscal systems of the power global million. and orders is announced over XXXX company, orders for than levels. entire bookings new This of strong we saw year $XXX the energy We Fiscal year XXXX, In prior

$XXX Our our first growth. revenues for backlog protection the fiscal our and XXXX million. installing telegraphing ship delivered it on were We Clearly, is system are ship.

foreign We work of protection for received navies. fifth the to second solution system. engineering are specify process We in the began a ship We order our delivering system. protection ship potential an for

would coming $X business’ specified We've it this electric can grid mine million recent of you capabilities. releasing cash goes and with requirements see impact system, in of this into performance announcement system. been program content talking generation about restricted our the the cash and when more with countermeasure met our quarter. dramatically ship production, our If We resilient

Our become installed is as performing planned in technology. showcase and a the Chicago system has for

projects about active for than in on here United are the discussions We've We each working projects possible specific detailed dozen developing more several with in utilities been States. a utility.

increase announcement fiscal our growth renewable, business Similar versus semiconductor, XX% our navy and nearly wind prospects in recent revenue the saw fiscal XXXX. international We for later of the as mining call. to in begin XXXX industrial, we diverse projects. more year-over-year in saw our in and nearly this business talk XX% We'll business, saw revenues improve. part to Inox prospects We about

fourth resiliency pure The orders us to were about company sales for wind for to and and the almost our accounted above about represented renewable transition and mining power Semiconductor sales a Metal, XX% a allowed now Industrials diversity focus on from was just nearly of Navy play in a military XX%. markets. XX%. grid well. the projects and were of as one-fourth projects. About materials

margin we revenue at The improvement? challenge stabilize these can levels be, will and now primary demonstrate

the levels what of on talks for is more results to quarterly the to higher after financial pathway even We discuss the to grow will revenue? Secondly, John this quarter.

the which June provide XXXX. quarter the call Kosiba for end XXXX to for first John? and turn fiscal review year to financial guidance results XXXX, quarter the I'll John fiscal XX, our Now, over fourth of full and will

John Kosiba

morning, to quarter ago and fourth the $XX.X Total was XX% XXXX of Thanks, of sales. system increased Grid is $XX.X quarter. fiscal quarter the everyone. million. $XX.X year of good were power This for energy This million. by led the million revenues XX% business by versus strong Daniel revenues an increase new of year-ago compared

$X.X business by Wind of ago versus ECS million XX% shipments INOX. percent led revenues increased increased was by the This year for quarter.

year, grid at full our our revenues This million. was by fiscal Looking the were $XXX total business. led

represented XXXX million business represented In XX% revenues. of business $XX.X fact, fiscal of of wind while million $XX.X fiscal revenues XXXX revenues grid our of revenues XX%

gross year-ago quarter. fourth to XX%, flat the the the was detail, compared at P&L XXXX quarter was more in margin for Looking of which fiscal

offset approximately included for employee deliver acquired associated $X.X and margin accounted of quarter $X.X Neeltran project the benefit Neeltran as This a by process or fourth at Gross ERC million quarter. in ship with the retention is losses million we backlog. credits continue and for to

of year generated gross margin from This in XXXX, fiscal XXXX. full down the AMSC XX% For year X%. fiscal was

Now fourth moving on expenses in This quarter. for to in development, and operating R&D was fiscal expenses ago $X.X quarter fourth SG&A the year SG&A of and down of expenses, quarter were Approximately XXXX. and totaled the non-cash. from the XX% research million $X million

in million non-cash. $XX $XX XXXX fiscal of year, and XX% expenses expenses and fiscal R&D SG&A million development fiscal XXXX. totaled research full were the compared XXXX, Approximately in in SG&A and For to fiscal

$X million year-ago $X.XX or fourth or in loss share per of the to $X.XX $X.X XXXX in fiscal was net million compared quarter quarter. share, Our per the

$X.XX $X.X Our share $X.X net for in net of non-GAAP $X.XX was compared loss quarter with per fourth fiscal non-GAAP of or per million loss the XXXX year-ago million share, the quarter. or a

–GAP loss Included quarter in of in net restructuring was net loss $X million non our fourth fiscal chargers. and XXXX

For year in or loss or cents of of This $XX.X million XXXX. $X.XX net $X.XX fiscal per XXXX, the to share. a compares million full our loss share $XX fiscal was net per

to $X.XX last non-GAAP the net For share This XXXX, issued XXXX. release million, fiscal loss our a night reconciliation Please $XX.X fiscal share. $XX.X to per or of for million year a or of our non-GAAP see $X.XX was net results. GAAP full in year press per loss compares non-GAAP

restricted we operating This flow. with cash, with We fourth $X.X In year million fiscal in million equivalents XXXX. consumed December in compares cash $XX.X on and the quarter of cash. ended XXXX XXXX, XX, million fiscal cash $XX.X

guidance $XX of expect in will XXXX, Now be range fiscal that revenues we financial million for quarter to of $XX turning the first our million. the our to

$X.X Our more to the operating quarter no per net more fiscal or $X loss $X.XX burn net and than share XXXX. a million be to net of million million be first per loss in flow and or We no share. our non-GAAP revenue of is anticipate to expected cash to be million expected than $X is $X.XX $X.X

deliver more as post-acquisition guidance favorable non-GAAP to The loss we net to loss revenue. ship start and our an quarter-over-quarter and reflects improvement mix product expected operating cash Neeltran flow net

million We less in fiscal expect XXXX first and end the with $XX cash, equivalents of cash cash. restricted no to quarter than

over With to Dan? that, I’ll Daniel. back turn the call

Daniel McGahn

John. Thanks,

We are strong operating clearly We momentum. fiscal significant quarter market XXXX. positive a see demand reduction of cash burn and for to our guiding in orders first

revenue a from new positively provide near we We of orders U.S. in the expect should grid And that impact term. XXXX. systems additional expect strong to base power in products revenues our energy the Navy fiscal INOX the and

that, move XXXX. our year impact discussing potentially I'll in that can With business to on fiscal opportunities near-term

Let's start and Protection System. Navy Ship with the

five from we threats. help move them Today, have systems ships which Lauderdale, enemy currently US Navy total have are that into and the Fort of the we by LPD. Antonio-class contracts delivered SPS for San The systems help future a Our installing hidden protection stay our USS installing.

yet named USS, pricing and to XXXX. scheduled SPS system. Pittsburgh the fiscal the Richard Harrisburg McCool, offers this delivered USS is be XX, The to be improved and LPD The on which USS

or Navy's In unmanned integrated announced and Countermeasure Superconductor built, April, on Countermeasure be proprietary deployed temperature vehicle. the high system MCM US designed, our to service we Mine Mine

is vehicle patrol during and that neutralize proprietary that operations system a for unmanned is an MCM incorporated mine into and Our service countermeasure mines. capability launched

system commercialization Ship our our Resilient Antonio-class in our Electric core LPD. of our following System Protection Grid This superconductor for technology represents System San the and Chicago third

systems. and our Let MCM, for me for the future. company. leverage systems. what needed Navy work grow contract importance allowing buying The nearly system, develop contemplates ship means our to We us near proprietary Navy-related the us the technology future is the this commercial solution, possible positioned $X in MCM to builds of This it deployable it capabilities as million, revenue on contract already that structured, prior the believe for the explain to is on program MCM multi-year

operating happens, and being being from could of turn a source to an our If investment business when this cash flow. Navy

engineering We are on ship to performing additional into ships protection US parallel are on allies. and work systems for Pathways also working SPS deploy

wind our provide profitable. and nearly We turbine competitive ECS Another or INOX. recently near to our ECS million contracts pricing. wind more of an the demand $XX wind. design for the existing X to control electrical on systems and announced enhanced opportunity megawatts turbine deliver We is turbines term agreement to amended We make with

demand wind nearly secured initial million our received We wind megawatt X order million. ECS turbine have turbine of $XX ECS over from of We $X three INOX. class megawatt

year two megawatt class in the of We commissioning the Once the turbine wind type expect is certification three conductivity expected to expect three megawatt to for India this turbine systems megawatt type megawatt ready is be XXXX. in operations and ship completed, fiscal and We completed ECS certification wind XXXX. India. three during and grid fiscal class the

We ECS next turbine. as class an include Wind, our offering believe INOX beginning expand megawatt they the megawatt of with their wind marks three three the exceptional to order chapter

superior enable can deliver supporting marketplace. our that are technology growth We our partner to to INOX’s through products proprietary the

opportunities Let's expanding discuss grid business. our our in

demand We This solution for demand than backlog for is something a to of with rather of identical the associated generated units on, seeing from have we’ve delivering project are same expect the we solutions where been electrification multiple we a orders design. repeat transportation customers. and deliver for working

these burns. to We and through opportunities expansion, contribute cash gross lower expect margin near-term positively

world's Our long-term clean desire for well the the growth. reliable, and future delivery. facing we positioned believe That's energy why with more technologies need decarbonization for help efficient for power effective and harmonize be to

investment increases a Power and through to intermittent to power to slow energy economy. more renewables key Energy two the down the change, Systems renewables a The for economy the adoption avenues, a In saw support, decarbonization path for potentially create materials world for new nearly our demand aging sustainable and XXXX, moving of world. the grid $X.X quickly sources. main of global renewable and for low-carbon towards Transitioning update climate better new trillion is

wind Inflation power goal fastest-growing the by the to In we in was forecasting In world's is introduction the challenges which address States, XXX United saw India, enacted the of demand by to electricity market the of of change emissions XX% gigawatts climate Reduction with to Act, reducing XXXX. by XXXX. part the double

are transportation. in $XXX electrification and driven as mining, by for estimated key the economy as well $XXX of XXXX, well as billion as includes, Key materials, In mainly capacity. metals, the an semiconductor nearly These semiconductors. materials was mining globally energy billion materials in the invested new processing

Semiconductors the In the over the manufacturing Act provides billion of to CHIPS development US. incentives The to United development reshoring and research and XXXX. of helpful States, Science enable funding The Act workforce produce capability US to the creating $XX the critical for is programs. of act CHIPS development and manufacturing, of intended

carbon. are industry depends chains. silicon, of prioritize the need energy This fuel from exciting computer on energy domestic transportation and the materials for driven to and to The is security electrification batteries chips, cells need lithium the that supply being by mining and built semiconductors future bolster and

The levels. into complexity seeing markets must of ways that increased or in these over scale must manufacturers power of their our of new Systems materials is by be to of adding orders fiscal without these these blocks able building size. activity and XXXX mined, products. levels final increased Energy Power from and XX% highlighted we're factories processed essential Industrial All assembled components be of that

Right for can that are sources, a the control and of our evolution renewable grid grid fit incorporate and is powering software solutions. energy and future, reliable now, more a we products that pioneering resilient the

we worked which turned enter us. a during about has backlog, ended $XXX corner. most and backlog. business the believe feel fiscal with there Neeltran margins. fourth quarter execution in summary, In We've XXXX, future over million XXXX the our are We fiscal diligent that we through as reflected in of we strategy XXXX, opportunities our is confident ahead fiscal of tremendous of our Through believe gross

We where margin We anticipate possible. prices further raise gross expansion.

new and integrated We are our Energy cost offerings reduced of our synergies Systems Power structure. capturing

our metals semiconductors and benefit from business optimistic our markets, growth the in may are We Military. key investments mining and renewables,

our very a the of constrained of moving near through delivered are chain how We an environment. of prospects. team the confident solutions power inflationary the Already transformative proud challenges are managing world our I'm forward. and diversification, while supply long-term daily and

creativity us believe our can are help vision executing our on future. today's and a to We that meet progress challenges better and

need This that powering progress developing means efficient harmonize for complex technologies desire believe facing for power reliable, and the effective and future with to deploying more delivery. decarbonization world's power energy an harmonize designing, using and energy solutions We increasingly in clean the control by system.

how our note Additionally, posted business we positioned to our we've website. to revamped IR deck to is that reflect the better and now

any to forward of quarter of XXXX. from first on line to look open to can our up I we analysts. now Joe, fiscal you again questions the our reporting the completion

Operator

Instructions] [Operator

Eric time, go will Stine will Please first we At take this Craig-Hallum. which with our come ahead. from question

Eric Stine

Hi Daniel. Hi John.

Daniel McGahn

to Hey Good voice. Eric. hear your

Eric Stine

Good Thanks. morning.

a - things what than look does in to for signpost set order see mean, So, there an an is curious, that does INOX the I can about very you outlook Are that for order, of of fiscal which to And then that order certification. spur, judge kind the is how obviously expect timing should talked any think that? to here, would good or initial fiscal maybe something order we of off? come we that? that back You about ’XX higher kind - look

Daniel McGahn

kind to an of it's make go think clear important thing I and for everybody. Yeah, through

few it and tried in for at the to see that a as that pace. it basically market. we We years. to megawatts coming explain There product been bit see INOX’s a two as can relatively were than see valuable being it's You that’s stable the demand see very we customers what being heavier We into showing bifurcated two and megawatt. demand past

new the working have supply needs of We whole we're their copies product a to of a volume satisfy that built already off a that three demand. making It's product and INOX order introduction. to in chain. The is known customer megawatt product

and We go to the and got order to got have we pay chain So the order supply through for. just parts.

towards order times that of megawatt business public as are now right with megawatts It's well. bigger three be than end happy that's lead back a kind farm Product from we to that of more. which that they have probably INOX. year. time will understand three on to in year INOX the year that they for megawatt three related just what I for we're the within secure I we're an wind our Indian be their could information in certainly a order the the fiscal products be is looking delivered There revenues from the to you the XXXX, bigger. means able But to with is those so with three to two that believe

with The as they're fit for this the the we going businesses say hopefully has more I this more we want be a three to INOX addition potential Indian is megawatt there to support growth. market able product to to and and of think great expand just buy their tuned which needs stay

not where to been growth. let in in INOX have a ever their position We had we've meeting down

part I And very the kind that needs. why back. I of relationship of we so strengthen, really relationship. we is business works understand their that good very think think I about deepen year back to the to And going come know the feel understand we've is for well really the well they think waiting the taken here that that broaden INOX through And helped has and time as us I of how

Eric Stine

should we and And of as curious you've wind to term I talked as Yes. and mean gone the think back kind that reason couple any where over about the has of obvious long of margins to that kind staying just think been for about has sticking But wind gross this it improved? down, now that's through accretive is should reasons. you how come comes this years be maybe Good with I specifics enough. away margins. in there as different past wind think of out you the from outlook

Daniel McGahn

the products color I'll let out the all about the same. answer the by John they're is, breaking of businesses and or We're margin it. commentary not on add any and different reason

for we that, as from We one you higher product the are military, the of any potentially with there. we'll improved margins to possibility the we've in the backlog similar. a have I of part have slug think business, our the understand scale there's for as line one margins So, think that listeners, all get to revenue

Note prepared order about we of very into that the in has product to then through the in line. taken changed all the was time clear the That of now to year XXXX. lot the book then customer. margin and in across that There's talk and I to more the into get remarks, supply a backlog pricing kind talking be that time the takes John, on and you have expansion. chain to want ship coming able do signals and it? All that's we're about

John Kosiba

Yeah.

think I coming wind a the are where now end many in that. point at are with Dan product So this of back really now within and lines margin similar contribution the headed We range. on in

So we should those, all revenue as improvement. margin expand on we see

is, as should for So wind yes, is, expansion the level sales we we’ve for we short revenue margin would, our the see to expansion, if answer grid. same margin increase expansion seen answer we

Eric Stine

Got you. it. Thank

Operator

ahead Please Colin from with with come go Oppenheimer? question. will question next our And your Rusch

Colin Rusch

guys. much, so Thanks

Protection how it you can on As here bit ships? a at the over a talk Systems, think the the qualification you terms evolution opportunity And deliver the you actually sales with you many next, year look about in of at little years? you ships with are Ship call three can where incremental in those the cycle of

Daniel McGahn

We and be very the goal be for system highly capabilities of the a proud proprietary our them. mean, for of differentiated of the I column to investment to these this in enable technology Navy. as to way Yeah, see all us types solution

Navies, ship doing work it Allied for as be because have platforms, So, well. for multiple engineering are the Navy some we do US visibility at we

an us be installation. right very to system for level works to at are in their insertion for and able all that the make that the a sure we top eyes know they important where the the is Navy And in the at going To we're I I a support needs advertised fleet. I are think program an Navies that as technology on the doing think were now future blunt, this brass of, to of congressional forward. period

good very That's it at. usually we're good we deliver what technology. can So comes when really sure making to we're

So the to that. we that point some talking I have builds all fleet be the feel into could new U.S. known the get We're types ships. optimistic not Again forward of all it I'm surface at fit, could talking very all beyond for trying designed only column and for of any I'm

contracted have do we And some navies as then, Allied been engineering well. as I mentioned to for

hard to when go is So it's production. things the into prognosticate

We arrangement. very that It’s about are in multi-year production. there, design a trying do be commercial with in is development of the clear level our clauses to contract This to MCM. by to But years start test. to two

that here. early from occur, three So to as could years two as

Colin Rusch

Excellent. And the a how should we about with baseline basis OpEx, just complete? OpEx this think restructuring cash with quarterly on then,

John Kosiba

so range think is $X Yeah, - said, million quarter that a I still we that see look, any real don't solid. right I I we in quarter, last changes like

Colin Rusch

and last for a grid right amount opportunity and - grid magnitude moved order guess, the there's products. in you is set now. incremental handful happening fair the out one I markets then, with that’s quotation guys And build Excellent. of of these really country activity a acquisitions into Clearly around have of the the

of number just and as think that some I forward? back In a XX business kind right as we if months, of number opportunity sense projects to terms look of we in at set, and So of months going XX we want now where you're the of, get about customers,

Daniel McGahn

products I meet going think I how challenge now do the can in for can seismic deliver kind for growing not are organic still solutions we'll remarks the high. business, for and extremely demand about levels businesses, getting across the dramatically. is be, And, but the we we the line, identical forward, of just we Going product us – we're to The copies existing acquired well. by quotation to this point it's said the

The extremely robust. pipeline is

concerns because growth, like turn going how about to to growth it to are Our really manage quickly to is do start feels here blossom. we

Colin Rusch

much guys. Excellent. so Thanks

Operator

question ahead ROTH. from next your Please Clare our Justin come go with with will And question.

Justin Clare

hi taking question. guys. Yeah, Thanks for the

So March first off, announced you months year just then, as had this indicated over backlog the of or XX so million. that’s $XX year. million in new of past orders with the be over those you've new XXst like energy business sounds and realized, your also, month then recognized $XXX was this And also orders into with to INOX. And largely it expected are revenue

add could I get delivered that in to year. if $XXX something like So, it orders this million I all be together,

just March am counting to of the where order I as in Or wondering the delivered? when XXst? incremental just trying order is So your to backlog double is understand could new backlog here be the

Daniel McGahn

I are sure. counting I you for think double Yeah,

could, but to we across, to clear try maybe the go we repeat. and as try as be that get So, we and I'll one things of didn't it back

new of basically With a now three XX higher at an $XX talking old been that price is we're amended million for about it fixed megawatts, lower be the INOX, to contract of at five firm, that's is from demand was a that price. a derisking

for recent with history a of that don't standing of We've on trap old had a wind, for million incremental, bit our little above higher the fall backlog. maybe but predict to in So $XX INOX’s for looking And price, large to change at within and help that with the get have period. into had order XX-month through on two how we product megawatt try a in revenue to much of convert payments would place

have don't that we forward, anymore. really do Going to

to we'll three have megawatt and do order just fixed will Now megawatt the will the we're going X have, show firm demand. for for releases as

you're least think million I there. So double $XX counting in at that's

in some release year. that's the I and that's months, in and why as the based to in the into make all not be go revenue XX That's burn well. just should are And wanted upon to There there now maintain beyond projects some the that try order think if backlog we $XXX is in that data There's in we about existing points and twelve-months those that just K. clear in that's would book the revenue able that to it at million a XXX grow backlog. is book

We orders. the have bring always opportunity to in

lead general now, months only we there for will sure in months, if times But will sooner certain right are as things we now for be that June that for they could It's be to a us XX into plus. delivered need but make happen. go later for March, customers work

Justin Clare

it. Got

here? if Okay. And the still gross margin to margin talked had you have quarter, approaching $XX then, should get then you any changes there million on in that that given expectations expectation? XX%. million, Yeah, you you approaching expansion know, pricing the those Are to made, level. XX% revenue, here anticipating understand. a could that's are last you that's if to helpful $XX can level be we just can get cash And Or, get about to to the expectations on the you the you gross revenue changes margin margins see

Daniel McGahn

you think I is, it think right. said way I No, the

caveat the little the one we said just time because that went through those for originally potential backlog. to think resident is, can expect you over when the expand I time John you those of have

So, a going the just now out about little say backlog at be which recited you is that in in is levels may year, have XX%. which to further that's, later time, you that's those

in margin. full cash Again that gross margin

incremental revenue cash. they're to to incremental So correlate trying

see So clearly. people that can

Justin Clare

it. Got

have one indicated just you for then megawatts. the on two pricing you Okay. that INOX, final one And changed

each megawatt there's versus three profile margin of ECS difference if megawatt wondering any the Just any meaningful the for difference for in per price watt and in the those the products? two

Daniel McGahn

the successful successful the we INOX that want take if that just or we linear make in be this three, to questions totality. two my try for offline it's they're the don't benefit don't just and us, financial at or at have own sure to and we assume general way a want things? to Why with But basically to We look one audience, to another.

Justin Clare

it. Got

much. very Thanks Okay.

Operator

next go here Our with Chip with will Please Moore question Instructions] EF your come [Operator ahead question. Hutton. from

Chip Moore

everybody, momentum. any term congratulations a Hey expansion more take there specifically more actual Thanks. to in account had one, into systems? other the I that near backlog you size the benefit with on deliveries remaining and order positive I margin debar sense just guess for cadence Neeltran should What QX timing get that Morning. then on of

Daniel McGahn

one say is Yeah, relative. I think I'll comment benefit

compressed as but this impact congested things margins we existing one is the telegraphed That's I a head. that able of trying backlog to we and of on system couple our basis, backlog So quarter why to not impact have have as as like we'll would be clearly John little margin are and that of going a going margin the much think they're the can bit to we do out. that a forward. elevated. we're last tried revenue quarter to very projects you where best now do think well the only get things talk directionally what is we probably to the We of those we get to all to the and of out on we're team going on that change could

Chip Moore

you could more that? give granularity John, on

John Kosiba

you're to have in forward both, and time margin expansion as Chip, as over will remarks in within and lines. you'll as margin, fact couple we going to across The I we highlight the QX of to it. impact moving be the opening of margin see hopefully that, us the a a pressures relative And up our mix. think or quarters be what the that on back, original said one acquired inflationary for our QX And as But in to we what guidance. quarters backlog. all the Yeah, coming then, our the I a about revenue step the said for the over our in of my to get Neeltran have take talking was that's is reflective that remember think will product said what our immediate we guidance far improvement it If on QX guidance it that’s time lack of Neeltran in backlog event comfortable going And going see and reflective change I we highly on better we drag so intent it. a the to positive stop an backlog. that term we're that acquired are shipping post two going

going path phase so, QX. the that's and over to we're QX And in that

combination a the over the feeling are coming on is today not priced our the more that – lead within see we off into And then from comfortable product was and gains inflationary as we pressure, of other much lines incremental so, you'll we're And Neeltran way quarters business. boulder statements.

Chip Moore

I press and the that that. Dan, with Perfect. That's some seizing on talked you that. expand market in think customers, about said opportunities, new release, you helpful. Appreciate maybe penetration potentially And then, existing just

is in on but the lot I think call, of you it else everything mind. keep touched a to in

Daniel McGahn

the getting hey, also, here step what forward. to the Neeltran John's that together. - we there. think going – is working time last the John piggyback We we on that this on this Big, was purged I had be big is see saying, backlog might well out words say specifically

but we opportunities. And large that if is gangbusters. projects, there's business really and looked those right, because said, really we grow could this pricing, product of business we at of think a our growth we part could think them is the get good and Some why the

the orders products. had are acquisition already or of parts more where I that better the building some going there labor those – control of kind the people markets what with of how pricing, today with investment of So, shouldn't for here markets better we're offering, a it go be into an and with other we is, new it may saying backlog patience combined and on, and these me here in know saw some highly new is be as of in part have limited with the

margin news good to more as and of that that get concurred part the that seen we magnitude now So, our I behind not anywhere is, and we've said of the through. can the But in us have going John they're to the couple change on be past. near a we have is history

would investment a to about in acquisition doing because the investment think market that and over why we're in I So, the great transition making further to well, the a acquisition, product push with when which and go to pay make they build everything a the factory electrification and are build like or new people the over a in product powering electrification just to and of that That's then coming factory going able macro of off means whatever money investment. to have that's we do next this substations done opportunity me huge the they we going see all now the coming basically helping go into the economy in large based quarters line being same at to this be amount able I one that's and I the went is years why through if enormous. in one semiconductor, be think upon that’s energy next again globally this up And of out want of we the everything. in having just those they're we've it over serve way we're the and equipment the customers invested where to

of the well So, we're very fiscal of with strategy. a conclude kind believe kind to wind just on year our we're for everybody to We XXXX. positioned delivering down strong call

is Our backlog The margins. on well for is very It's call the pipeline at higher new about we very robust. talked diversified strong. business as

the for We're grid now Navy. customer the And with wind we're American side. just and here products the on expanded for really our set we're corner at excited We about I of executing an base multiple on future very the serving turned on as kind broadening about, orders talking revenue have for was Superconductor. INOX

our next speak call. thanks joining on with today you and So, everyone we'll us for

Operator

attending presentation. now very for Thank has much conference you today's concluded. The

You disconnect may lines. now your

American Superconductor (AMSC) 1 Jun 232022 Q4 Earnings call transcript