American Superconductor Corporation (NASDAQ:AMSC) Q1 2022 Earnings Conference Call August 4, 2022 10:00 AM ET

Company Participants

John Heilshorn - Investor Relations

Daniel McGahn - Chairman, President and Chief Executive Officer

John Kosiba - Senior Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

Eric Stine - Craig-Hallum

Justin Clare - ROTH Capital Partners

Colin Rusch - Oppenheimer

Chip Moore - EF Hutton

Operator

Good day, everyone and welcome to the American Superconductor First Quarter 2022 Earnings Conference Call. Today’s call is being recorded. And now, at this time, I’d like to turn the call over to John Heilshorn of LHA Investor Relations. Please go ahead.

John Heilshorn

Thank you, April. Good morning, everyone and welcome to American Superconductor Corporation’s first quarter of fiscal ‘22 earnings conference call. I am John Heilshorn of LHA Investor Relations, AMSC’s Investor Relations agency of record. With us on today’s call are Daniel McGahn, Chairman, President and Chief Executive Officer; and John Kosiba, Senior Vice President, Chief Financial Officer and Treasurer.

American Superconductor issued its earnings release for the first quarter of fiscal ‘22 yesterday after the market closed. For those of you who have not been able to see the release, a copy is available at the Investors page of the company’s website at www.amsc.com.

Before starting the call, I’d like to remind you that various remarks that management may make during today’s call about American Superconductor’s future expectations, including expectations regarding the company’s second quarter of fiscal ‘22 financial performance, plans and prospects constitute forward-looking statements for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including those set forth in the Risk Factors section of American Superconductor’s Annual Report on Form 10-K for the year ended March 31, 2022, which the company filed with the Securities and Exchange Commission on June 1, 2022 and the company’s other reports filed with the SEC. These forward-looking statements represent management’s expectations only as of today and should not be relied upon as representing management’s views as of any subsequent date to today. While the company anticipates that subsequent events and developments may cause the company’s views to change, the company specifically disclaims any obligation to update these forward-looking statements.

Also on today’s call, management will refer to non-GAAP net loss, a non-GAAP financial measure. The company believes that non-GAAP net loss assist management and divestitures in comparing the company’s performance across reporting periods on a consistent basis by excluding these non-cash, non-recurring or other charges that do not believe are indicative of its core operating performance. The reconciliation of GAAP net loss to non-GAAP net loss can be found in the first quarter of fiscal ‘22 earnings press release that the company issued and furnished to the SEC last night on Form 8-K. All of American Superconductor’s press releases and SEC filings can be accessed from the Investors page of its website at www.amsc.com.