AMSC sees Q3 net loss not to exceed (31c) per share, consensus (19c)
For the third quarter ending December 31, 2018, AMSC expects that its revenues will be in the range of $14M-$16M, consensus $17.35M. The Company's net loss for the third quarter of fiscal 2018 is expected not to exceed $6 million, or $0.29 per share. The Company's non-GAAP net loss is expected not to exceed $6.3 million, or $0.31 per share. The Company expects operating cash flow, exclusive of any legal fees and tax payments related the Sinovel Settlement, to be from break-even to a burn of $2 million in the third quarter of fiscal 2018. Please see below for a reconciliation of forecasted GAAP operating cash flow to non-GAAP operating cash flow. The Company expects cash, cash equivalents and restricted cash on December 31, 2018, to be no less than $51 million.