American Superconductor Corporation revised revenue guidance for the fourth fiscal quarter and provided revenue year ending March 31, 2013. For the quarter, the company now expects that its revenues will be between $19 million and $20 million. The company's previous guidance for the fourth fiscal quarter was for revenue of at least $18 million. The company also announced that it believes that it will achieve positive net cash flows on a quarterly basis by the end of its fiscal year 2014. For the full year, the company expects annualized revenues in the range of $180 million to $190 million.

American Superconductor Corporation announced that it has received an order worth in excess of $30 million for wind turbine electrical control systems (ECS) from Inox Wind Limited, part of India's Inox Group of Companies. AMSC expects to begin shipments under this new order during the current quarter and complete shipments in 2014. This is the fifth and large order that AMSC has received from Inox since the company began volume production of its 2 megawatt (MW) wind turbines, which were licensed from AMSC in May 2009. AMSC's ECS are an integrated, high-performance suite of power electronics systems that include the wind turbine power converter cabinet, internal power supply and various controls. Together, these systems serve as the "brains" of the wind turbine and enable reliable, high-performance operation by controlling power flows, regulating voltage, monitoring system performance, controlling the pitch of the wind turbine blades and the yaw of the turbines to maximize efficiency.

American Superconductor Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total revenues of $17.417 million compared to $18.058 million a year ago. Operating loss was $20.616 million compared to $26.569 million a year ago. Loss before income tax expense was $20.061 million compared to $26.187 million a year ago. Net loss was $20.135 million or $0.38 per diluted share compared to $26.271 million or $0.52 per diluted share a year ago. Non-GAAP net loss was $13.506 million compared to $17.491 million a year ago. For nine months, the company reported total revenues of $67.000 million compared to $47.916 million a year ago. Operating loss was $41.714 million compared to $116.020 million a year ago. Loss before income tax expense was $47.043 million compared to $114.475 million a year ago. Net loss was $46.360 million or $0.89 per diluted share compared to $115.660 million or $2.28 per diluted share a year ago. Net cash used in operating activities was $40.691 million compared to $133.274 million a year ago. Non-GAAP net loss was $40.421 million compared to $70.405 million a year ago. The company announced that for the fourth fiscal quarter ending March 31, 2013, it expects that its revenues will exceed $18 million and that its net loss will be less than $18 million, or $0.32 per share. This forecast excludes any impact from mark-to-market adjustments related to the derivative liability and warrants. The company expects that its non-GAAP (as defined below) net loss for the fourth quarter of fiscal 2012 will be less than $13 million, or $0.23 per share and expects to have more than $48 million in cash, cash equivalents and restricted cash on March 31, 2013. The company believe that it will be able to generate annual revenue growth of at least 25% in fiscal 2013.