American Superconductor Corporation (NASDAQ:AMSC) Q3 2023 Earnings Conference Call January 25, 2024 10:00 AM ET

Company Participants

John Heilshorn - Lippert/Heilshorn & Associates, IR

John Kosiba - CFO, SVP & Treasurer

Daniel McGahn - Chairman, President & CEO

Conference Call Participants

Eric Stine - Craig-Hallum

Colin Rusch - Oppenheimer

Justin Clare - ROTH MKM Partners

Operator

Good morning, and welcome to the AMSC Third Quarter Fiscal 2023 Financial Results Conference Call.

All participants will be in listen-only mode. [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. Good morning everyone, and welcome to American Superconductor Corporation's third quarter and fiscal 2023 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 third quarter of fiscal 2023 yesterday after the market close. For those of you who have not yet seen the release, a copy is available in the Investors page of the company's website at www.amsc.com.

Before I start the call, I would like to remind you that various remarks that management will make during today's call about American Superconductor's future expectations, including expectations regarding the company's fourth quarter fiscal 2023 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, 2023, which the company filed with the Securities and Exchange Commission on May 31, 2023, 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, which are non-GAAP financial measures. The company believes that non-GAAP net income/loss assists the management and investors in comparing the company's performance across reporting periods on a consistent basis, by excluding these noncash, nonrecurring or other charges that it does not believe are indicative of its core operating performance. The reconciliation of GAAP net loss to GAAP net income can be found in the third quarter of fiscal 2022 earnings press release the company issued and furnished with the SEC last night on Form 8-K.