AMSC - Earnings call transcript Q4 2024 | American Superconductor Corporation

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

Operator

Good morning, and welcome to the AMSC Fourth Quarter Fiscal 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to John Heilshorn of LHA. Please go ahead.

John Heilshorn

Thank you, Gary. welcome XXXX Superconductor Earnings and and Fourth everyone, Fiscal Full Conference morning, to Corporation's American Quarter Good Call. I Investor am Relations. LHA John Heilshorn of agency AMSC's record. Relations Investor of

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

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

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

Before call, provisions statements remarks XXXX future fiscal company's the purposes for the about during I'd starting the you like safe of forward-looking Litigation Securities Private Superconductor's that that today's financial of of the to performance, various Reform expectations, American under make regarding Act quarter remind including plans expectations management harbor XXXX. and may first constitute call prospects

Actual which including the results XX-K as Annual XXXX, from of statements ended company's May materially reports American of result various Report XXXX, the the indicated set company filed forward-looking such Superconductor's on those those by and year may Commission March XX, Factors section and differ important XX, forth the factors, a on the with Risk for SEC. filed other Exchange with Form Securities the in

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

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

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

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

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

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

Daniel McGahn

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

we'll questions our remarks, open the I'll brief year from begin of XXXX. our fiscal our with up fourth line quarter to a discussing before Following analysts. recap

every in by quarter net of measure, our nearly quarter Grid a Wind Our and segments forecast both non-GAAP remarkable income. exceeded growth revenue fourth and results with third consecutive

We and XX% the saw surpassing revenue Both Grid revenue period record we recently grew. ago million. $XX of grow a by reached than as against Wind level year more

quarter. ago significantly business business the than than for our where XXX% revenue XX% year Wind period. over revenue increased more more the grew Our by Grid same

flow business. we believe saw to quarter, in operating to ability the now operating our level our improvement the through cash mix improved unprecedented revenue ending compared cash quarter. into operating built fourth quarter, product We burn our when this and ago generate illustrates our leverage the year quarterly dramatic In cash March

doubled quarter. compared to year Gross margins the ago when

accelerate to being shipments. pushed by customers are We

entire business. supply and able chain to across manufacturing in this see respond. Our and have new energy been We Wind, protection team ship the

and business and continued grow We to nearly million. was over diversification, XXXX strong outstanding growth. performance $XXX year XX% revenue operational overall saw Fiscal of one total

We quarter over from our average on orders came systems. orders, our per million of million over fourth $XX booked quarter. new During the booked power quarter those orders we over Of year, million fourth $XX energy $XX during new new of

Our robust at the XX-month backlog stands $XXX March. million end at of

We as positioned Grid. and from We earnings coming energy call. growth systems new energy for a ship was We were parts systems feel protection our from now orders power All during Grid we're have We the purpose past systems of press press growth. our to growth through release. power you Wind our segment. orders growth return growth. decided understand of issuing our reporting business The in these are about that grid segment new away of now have point company's lot and to value move well both releases as in initial our with our talked

sales I've order sizes as fiscal as in this. And mentioned, are In prospective industrial, revenue balance the navy of supporting is were mining, saw were accounted increasing. mining year Semiconductor projects diverse over our projects renewable about XX%; XX%. to the well semiconductor. over XXXX, and sheet X/X for renewable, just we as was About represented navy and materials Our nearly X/X. projects. XX%. Industrials Metals,

include The U.S. by the providing opportunity vessels. come efficient an for orders AMSC's to continue naval from short energy new orders for power the and have military reliable U.S. markets. new orders grid to military serving exciting systems. power come power diverse expected to resiliency are represented serving and the Our These military

third. both We delivering protection is ship revenue, system which reached on first protection our system. new the We We the and ship in delivered systems million tested includes now operating system, we're delivered nearly protection military The energy second revenue. ship $XX ship. currently successfully the and power and

than demonstrates ECS our business our business, and demonstrate capabilities. its growth improvement Inox In year-over-year more X-megawatt we prospects doubled as Wind our

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

John Kosiba

million, of This is were an Thanks, $XX.X versus quarter. million. ago ago Total quarter for revenues increase the of revenues year $XX of by more increased Daniel, revenues versus the XX% to and $XX.X good compared morning, while year million. quarter Grid of fiscal Wind of the our quarter, than fourth business XX% everyone. year ago the $X.X XXXX million, business doubled

to on Moving full the fiscal year.

revenues Grid our lines. $XXX.X our year-over-year growth of energy systems million, XXXX included Business protection total This within XX% and represented new were product power fiscal revenues. Our ship systems our

represented and Wind business ECS turbines. of increased both X-megawatt XX% revenues to class more Our their of composed Inox of XXXX fiscal X-megawatt shipments recently

AMSC of X% XX%, was quarter fourth this the was XX%. gross margins the ago for to for year, fiscal margin quarter XXXX. And XXXX XX% compared fiscal year fiscal the generated of full from in up at Gross

margin on margin been experiencing with has improvements effective. our both XXXX. and Wind focus expansion fiscal gross segments Our throughout Grid significant gross

fiscal points basis In fact, gross margins our by XXXX. over expanded consolidated X,XXX in

Now Research development This $X.X is SG&A year up the moving were ago in noncash. fourth XXXX. and and from $XX.X expenses. operating on totaled for million Approximately and fiscal the R&D of quarter XX% in expenses million the expenses of quarter. quarter to fourth SG&A

year, in For Development million in million and totaled the expenses fiscal of were and approximately and XXXX $XX.X expenses SG&A fiscal SG&A noncash. compared R&D XX% fiscal Research full XXXX, with $XX.X

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

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

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

fiscal loss net non-GAAP This cash fiscal XXXX for non-GAAP $X.XX with quarter net cash. income Our the was per share. XXXX. of fiscal operating or $XXX,XXX or in And $X.XX March equivalents XXXX on In $X.X $XX.X with XXXX, for million million flow. million. fiscal share $XX.X We for generation This of fiscal generated was per fourth million compares $X.X year, to $XX.X our XX, XXXX. cash cash a compares million cash, ended restricted operating and we full in the

fiscal guidance quarter our to the turning Now first for financial of XXXX.

to $XX million. be of We that in range the our revenues $XX expect will million

expected no net anticipate than $X.X or in be positive breakeven or the loss to $X.XX no of loss cash range net operating revenue We more share. be per net on per $X.XX to to more our Our non-GAAP flow $XXX,XXX is be is to share and $X million than expected million.

to With over that, back turn Daniel. the I'll call now

Daniel McGahn

Thanks, a John. build terrific success, operational a and delivered diversified more company. to of AMSC stronger the year performance our efforts financially culmination and of

long-term complexity. We diverse XXXX bookings, groundwork to and developed and increasing strengthened for successive our believe in content higher and quantities success have operational markets. company's balance repeat relationships projects now We sheet trajectory. AMSC's size, growing We and deliver fiscal the growth have customer across laid of customers

revenue XXXX, to year sharp million. a to to Over X If was the million. over managed look year forward revenue. that to well revenue fiscal Fast and years, annual we see under fiscal years X back $XXX have we we will $XX doubled you in past increase XXXX, our

we at from our We revenue doubling with we're can today's capabilities. revenue to again. we If halfway for rate nearly our can see XXXX, look fiscal revenue we current double that believe annual manufacturing

business operating CapEx model driving our on investment. are leverage cash significant We flow without improved and

best to continues the position in improve. in is business been The and a it's decade over

depends projects, but when as high to guiding ago. range of customer Again, are per it's possible. only of million on XXXX. on for fiscal level seeing $XX revenue year were a our the timing our million quarter be quarter, nice about we many of guidance We quarter of the to levels about always first talking another $XX $XX million milestones talking The

believe $XX this of net level, in million doubling year XXXX to would quarter. certainly let we levels. We $XXX need million revenue potential lineup. revenue we range, At million a a those from to our just double $XX income have you, get quarterly were to levels the with this today's We possibility the me mentioned product And remind generate the conceivable. to fiscal is

indicators We see our in markets. strong end

energy meaningful business. additional on to system that fiscal orders from new Inox our We our expect that we products have the base any a And of should strong navy revenue expect in power XXXX. in Grid impact provide

I'll we're focused on move fiscal that, on XXXX. what in to With

Let's and systems or ship start with the SPS. protection navy

SPS the move system. helped To threats. Lauderdale, U.S. the LPD stay systems McCool, Antonio USS from Fort we future Pittsburgh, Philadelphia, a X Our which help USS Harrisburg, the the on the for Class of total systems Richard them into enemy USS that by hidden improved pricing our installing USS San date, USS and offers Navy have contracts ships the the the SPS protection

today We business' have emphasize capabilities. cash it this dramatically as generation ship more about could I content coming, been and impact talking the

tremendous solution. specify work making with are to headway a potential We engineering

countermeasure mine high-temperature we integrated proprietary Navy's If and system mine look unmanned countermeasure designed, on vehicle. be announced we or service built, superconductor back year MCM our the deployed a ago, to U.S.

system MCM revenue that is is incorporated during positioned that proprietary Our We program grow to service that Navy-related countermeasure an is for in vehicle and and launched neutralized patrol unmanned mine into believe a capability future. operations near the mines. this

be product when U.S. MCM we the To multiple hope serving it be goes clear, platforms to addition Navy with for the production. the of ship into

expanding are ship as as We ships other are there well horizon. Clearly, more platforms U.S. on very focused on navies. the to allied

has things I'm future. focused team looking our relatively forward near the hopefully to on, in talking about the been

control Another wind. to turbines and electrical competitive design make near-term and systems, more profitable. the opportunity turbine wind or is ECS, We provide

million we India. demand Inox nearly $XX of fiscal in turbine XXXX, from secured X-megawatt wind ECS In

order. by an against wind during XXXX. followed an ECS ordered $X those shipped additional year X-megawatt most X-megawatt orders We announced turbine of ECS and class initial systems also order We million the fiscal million $X X-megawatt of

X-megawatt drive Additionally, and turbine we completed is wind field class now X-megawatt the type to turbine. additional wind class is certification operating customer for demand. in expected the The

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

reporting orders. see X nearly more horizon these relatively is should at more the been backlog This is have and soon. we of start of ships memory highest with why in Inox our on impact to the wind their talking gigawatts about recent themes We X.X back.

that our new our Let's expanding product in really lineup opportunities on we energy have. discuss business, Grid focusing our

been associated of electrification we the We working generated in to on. deliver have from where of units demand the we've expect design. multiple same with something This orders backlog transportation, is

demand seeing solutions identical repeat are for We for customers.

The the to energy Our power decarbonization for more need That's delivery. desire technologies quickly for harmonize and moving slow growth. a climate be decarbonization world world's for believe clean to well and a we down effective why with for help future-facing world. more efficient is positioned long-term create sustainable and change reliable, path the towards

of X increases XX% the main energy trillion nearly renewables power saw demand systems new potentially investment for a in and renewables economy through In new the materials transition. transition avenues, high $X.X for the is low-carbon energy Transitioning to low-carbon global our surge economy. XXXX, key of annual rates new year record inflation. and This level global investment clean geopolitical of the turbulence, energy energy and a cost a of resilience interest demonstrates of in

In challenges the XX% and the the of from reducing of coming Inflation U.S., with the we Reduction XXXX. in see in goal which emissions positive were CHIPS effects Act, address part change by to enacted climate Act

and metals mainly as The by key calendar key the the to XXXX. X.X fastest-growing driven as gigawatts over for XX% compared forecasting XXX when an economy well to world's is representing in year of demand wind double energy transportation. added semiconductors. These by include materials are India, energy XXXX. materials market power electrification mining wind new electricity gigawatts of of India's to government the XXXX, increase

XXXX, grow is nearly by For XX%, the expected market calendar expected is by market while year to semiconductor mining to X%. grow the nearly global global

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

building these into blocks products. and mined, All components of final must processed be assembled and

can power a resilient manufacturers size. renewable control grid sources product the solutions. that of Right scale in evolution a that and materials able grid and complexity and fit essential the of we're ways powering energy be without that's our their incorporate must reliable Industrial now, to pioneering future, these for more software adding or factories

cash In strategy a We execution quarters during consecutive income delivered net X a diligent gross versus operational financially become of ago. we year and and margins company. of year summary, XXXX, improved outstanding AMSC non-GAAP an diversified flow. performance. operating dramatically We've of Through expanded more our delivered stronger

in We it our million receiving kudos with cash. to future us order tailwinds coming XXXX is Wind larger for multiple for ended opportunities business. $XX team from critical fiscal support we And over This The many growth. orders, cash and presents further in with business balance is also customers. feel Navy

believe to get key conceivable ahead million We're net investments our semiconductors We're have growth a from business military. of benefit us. very income. optimistic metals, the renewables, for a quarter tremendous may and in our generate off and good start fiscal markets, and to a opportunities mining with $XX We we potentially XXXX pathway to

ago, the years million revenue was our Several annual $XX under for entire year.

long-term and able We world team the are are I confident very prospects. our of moving am of our been forward. they've to near- our solutions what Already, and accomplish. power proud transformative

increasingly that today's and to effective to We control are a clean deploying vision harmonize decarbonization power to energy better for and using are with by creativity This designing, executing an challenges that developing reliable, power committed future. desire the solutions delivery energy and complex world's we more powering need believe and our efficient system. the progress can technologies meet progress future-facing us our and harmonize on means help for

you forward again fiscal look our first XXXX. of of the to I reporting completion following to quarter

questions can we the Gary, open our line any now from to analysts.

Operator

The first Eric question [Operator is with Instructions] Craig-Hallum. from Stine

Eric Stine

why X just Is So Grid X customers? the or you and with I'm of that focused clearly, broad-based? part strength. just the it when interested is on is maybe maybe mean, semiconductor in you I of wondering because a details particularly that growth, grid -- with that that some look starting at business. component And win

Daniel McGahn

Yes.

and when wind, think we it's more more look more future, chips. at ships I our

been the dramatic the of we pipeline quarter, positioned customer chip know from but the in not our number potential of multiple for that fab about have of chip significant years. that's Obviously, not coming really solutions, and very is part quarters, they've the a people makers, for I that a projects to think next here equation boom. X just a because

well at We're could iceberg, the the But just around years moving semiconductor, maybe kind probably longer, positioned. there's begun. of be X the we more of think we're it's next and in investment a the U.S. only very It's with tip of huge

win complexity solution And why is, to a or size. are able is the reason complete changing without we provide we

equipment fabs as existing they can our we expand ones. or So easily fit build small substations new into

we test, to We how very all that deliver very fully solution customers. the ready become, have build to built standard quickly economical grid. for It's fast. into the can some chipmakers a factory, the our they in plug on And it's

really, great market. in very the we're a semiconductor we future And for see the bright So think Eric, there. we position,

Eric Stine

the I include of may it in, that Got the would, envision I that -- I expectation you you that that is you be happens, customers you and likely with would X as solution mean, it. your with believe And build-out every AMSC? do mean, forward, preferred most become main is -- your going spec-ed that said,

Daniel McGahn

be literally able spec-ed for we're and opportunity We've multiple business. don't pretty of are fabs years. prior chip hundreds some identified we hope to It's probably to we working coming a rapidly go, over that that opportunity on and in calls, by we most the going know been appreciate an have from potential Yes. I and fully conversations that, think, And tremendous we as think dollars where are of we where and you in. expand it's of our competing millions investors business to from

Eric Stine

it. Got

Okay. That's Wind. And then helpful. to maybe just turning

have soft in orders of great your position we most more worked follow-on the you you because year a be of through currently half simply good that in the the quarter fiscal hand? you're get to maybe win from comments Inox, obviously, although should here, orders from that but take So might first a

Daniel McGahn

get the you're think then where would it's I been is better. Yes, to it's probably you're And years. see we've strong to earliest as only think the later indicating, fiscal year. in confirm this the past soft, but to other improvement for I to be us than and relatively continue going that, further earliest the word

Our lead in our obviously, months. back the last announced order to And January. time customer that time about an is was we X

strengthening their look demand, orders and we we They're and them just only in you in If India. to be good more quarter-on-quarter. if coming, up, we're our love, really, a believe able the that you horizon. them, want to on sure there's deliver business to to we it listen position timely their at demand customer, key that be is Their particularly because going to make seems

Eric Stine

Right.

Okay.

misunderstood, that you're maybe about majority don't to kind sequential step orders, you get remarks, a expect So get? we up shipped prepared of which but in well just difference. more there's It's I shouldn't obviously confirm, your of that, read to megawatts, talking of the positioned into a necessarily much about the further you X until

Daniel McGahn

it. that I Yes, right think gets at

Operator

The Rusch Colin next Oppenheimer. question from with is

Colin Rusch

little data just then as like of new seems bit given starting X increase you that that I interest as talk you in sales and folks what you're the on want book also make solution to if solution power or the of X- servers, XX-month talked And demand to about of about, cycle. questions business, sort those power a any and centers substation on some either within the could centers, the you're given the a lot from increase sense. a on see data compute the side ship the quarter Can period. seeing within

Daniel McGahn

certainly our the our on and Let you We ask me projects one Data centers then radar. in are first, a first I'll pipeline. large see propensity one second again, once take with Colin. of the

to we're think can differentiate. we win, how how fit, to can how we figure continue I we trying out

in to we we between probably like I offering in year started we on VVO quarters superconductors, talking of when kind the relevant data military or coming did kind and or deliver I'd so can have when to of give a that the a we power point think for could solutions. we hopefully, power And using like or have resiliency about centers. launched But now that. electronics the combined the what fit new product, do we in you like proof to. the energy point

part isn't can then more going business. important and of be the back say But more more And is And restating be and chips Today, data that do going requires with equipment. eventually in grid how play of the centers. we part benefit may you more strength our center to more of direct us going to future a we there we're think really the on our for through question. mind data demand a first

Colin Rusch

within XX-month the Yes. curious sales to about a I'm is quarter ship how of or within much your just period. book X- and

Daniel McGahn

Yes.

respond in that seeing we're There we are I happening. things can orders later We're way. year, our ship this seeing able one shorting still think supply the set this chain's looking manufacturing of we're Most for X plus, what fiscal of X are them, lead months scores, work some year, later deliver. that but taking are calendar our that our product giving are and is been up quarter. things And we the lines us capabilities are book at to customers kudos we times.

further acceleration everybody to us order be to able that So, certainly to that higher I at more is to business give levels. look potential the going this add to to color to business. think, we accelerate But comfort continue have in and book, helps

the the just coming backlog, quarters. at what see we for we current about in can be levels could revenue You have

that And later a acceleration. see we going today, and But order over lot potential the business maybe there's to think I know then as coming But justifies in and I'm more there's I improve certainly quarters. if mentioned months the coming leaning could year, don't the fully forward book the orders to the that. further I coming Eric is

Colin Rusch

if And some then through pricing there, more And helpful. that pushed the is opportunity a you've obviously, compelling just at are you because this at you're place super just some in have I driving where volume you question a value-based price do Or there at of increases. to there's an points? initiatives around there had. And point mind? price you're incremental That's your

Daniel McGahn

but I certain have from in think working driving we're may offering that the manufacturing different there, where general try we in there's command figure I'd something projects there some sense, volume, to out. to we're price. our to locations, more ability just combined That's are say, on

So there piece of may that. a be

But for think be providing we're order, some the there might of improved will more of kind content. driver more main be some larger I where the and a volume secondary pricing orders

Operator

Clare is Partners. The Capital next ROTH from with Justin question

Justin Clare

So I the wanted and to million talked of just net you generate income. start out, possibility revenue potential the quarterly in about positive to $XX reaching

I do fiscal $XX you million levels your OpEx is of we was wondering And that's potentially Should think potentially should revenue, seeing? or you're million in in level operating that think 'XX fiscal higher achievable get 'XX then that -- think $XX level? to to based on needed about demand growth the we about we how as $XX anticipate leverage?

Daniel McGahn

Yes, question I asked that can timing happen. is I right you the of the think hate hard part, the when

being book I want to the timely is on next I to the don't have. given per able X today, think certainly, focus our order where to deliver backlog the quarters. We that customers million happen see in we $XX on quarter

I think higher as levels guided an that similar $XX that this we you to quarter we start of $XX orders, see did then about think so -- quarter, last what, revenue for than and if we to million do can million number. in $XX-ish see million kind acceleration we

leverage, million, I I CapEx same that to realize to because to don't about talking lot not at -- right? we I at want business. year have we And the to we to relative able don't people this $XX invest don't scale to have operating about that And excited we want be $XX invest a ago continue to million $XX growing should really Certainly, to we're we OpEx. revenue, about million. don't were we're felt talk people now rate your realize So question of to a compelled have

to So highly we demand manufacturer we we an we we we have capability, very today that's scalable think scale potentially OpEx think business. have have and a the think capital-light the

wants. that's hard the is I when to think Justin, everybody timing. what question, and know answer your the the I really part

the us can is about at we coming. I of think to all help demonstrate, opportunities can We ships new a we're more orders continue some We horizon. see energy. for see talking do drive our more chip plethora We on see new back. wins growth for that

significant everything that as usually So all to we see But business today, we've we're we We're happy think that, do. to people a with about generate enough, more yes, future. more I about out know I talk very we the But, grown than when. where well long you to, rarely I how talk orders it there me very where in very the aligned. it is is want figures Justin, realize can how, going upside what is and really lot

a And to that's advantage doubling, in those talked there's of in they want of are that's why be tailwinds as I take and a a what are lot think position come. be we our to want because we markets business, driving, we the lot about that that to position hitting entire complete

Justin Clare

wondering the appreciate wind guess there's Got more in domestic does for recovery guidance I a you're in Okay. lot for if business? in project uptick around optimism seeing And got in deployments it on acceleration potential just be some and the But maybe U.S. We recently that. projects. U.S. then like could for the signs an recently, of flow a I which it. accelerating for wind order content, an seem for beneficial your potential deployments

Daniel McGahn

see and more solar. We wind potential from Yes. coming

is prepared the John than combined, which to and X/X talked back If inside which of about said the and wind more that it's think Wind is the right? renewables, solar you I business, remarks, about wind business, I turbines XX% go the

wind So Grid good the of there's supporting business a and fraction in both solar. new that's energy

a trying investment U.S. have lineup. that today, approved and just the D-VAR. an investment advantage of we're best growing is over all don't use we tremendous that see we the including that can. And to So be We we position in take world, as to in

and capacitor banks did effort years more from ago. in renewables also a than few offering today that broader we have We use it's NEPSI, we just a

Justin Clare

Okay.

to, order the sizes? the the Okay. are thinking opportunities here? a that me. about size you was bit of this you're I from seeing projects? Is Got wondering for in more you delivering larger future per this how sizes what's more then Or increasing little you're just you Or that into could order? an these X if Is per order content project and projects are opportunity increase coming And supplying? are wondering seeing to increase content then larger it. speak to from further those you're there driving

Daniel McGahn

Yes.

I to both if to first part, go yes. the the I think back is answer

to customer projects. they're So we're offer able that content those and we're building, seeing the larger projects on more into

drive to size. So that project larger helps

future, pipeline at look has lot of very I large the it. projects a in If our

when So our is the size, the to revenue, which increased at larger increase per that past content project. you X future we there we that's and continue same projects factors more for order think is to and it potential outlined look

Part organically more we our we those more that the on larger that why potentially to that but with larger inorganically today content, or want in in us through be balance position comfort, balance own be are be additional acquisitions. sheet is customers orders. support gives also that invest to Having of sheet our eventually to allows it

to want is operating that whole been to to board very The We've sure continues business acquired. make we across effort very make successful that, nicely. And we've the that entities happen. anticipate, we with the the

today's the see message more which that of lot So on really think what and more I of lot doubling a horizon. more a and is we is, and

position wonderful that after way quickly the a that. everybody And in we question we're founding. think think tell healthiest in been company ever go the This and for time But really to the is address a all the as that. I position. we've I will how can back is

Operator

McGahn This to to closing turn the would concludes session. any over back for remarks. Mr. I conference our question-and-answer like

Daniel McGahn

I'm could I full a is here year, believe This right? to huge, all strong of trying where The have are that we are we and by wanted the numbers worked generated and that sit. get fiscal do curtail we hard excitement to, kind cash the that's we happening. business here. to now that delivering, point The really you things to we're for

I do and point. get management going that business happen. tried to say And going and to to a was promise we then John over the and the and feel deliver, driving do our we that's not as to all them. don't of and we a we're glorious that. something and to customers manage growth business because to come We've doing out like do and said We go team, are back to is fraction the And things these only us that under

quarters. And at we see that's we really a I that Colin And in folks. think at last the continuing numbers trend Eric financially set. hinted coming us at possibly We hinted several given orders strong it, horizon that Justin first it, given got performance on the got it, strong large quarter the

think my future just a results lot the financial for I of excitement able We've possibilities and to by employees company this what counting great They've we to see not the and that are deliver up do that to a we're our and to company. every today happen. are, but run on turn, step been able it the plate. at put is how together

are a want feedback great And have they that of really can make our great they support. years customers. unit of everybody's things We now. from few business getting customers. weren't multiple a parts that's to orders, to want do We're bigger make testament do a able to where orders, we to ago. lot

So of and it's I I and for that I and us we're here, us. be ride bright think going the get from belief come there's with to future where for lot feedback a shiny investors think a going,

again time So Look a in attention. you for couple months. forward everybody, to thanks, your of and talking to

Operator

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

disconnect. now may You

American Superconductor (AMSC) 30 May 242024 Q4 Earnings call transcript