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 |