American Superconductor Corp (AMSC)

[jmhollen]

American Superconductor Reports Fiscal 2002 Second Quarter Results

WESTBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 29, 2001--American Superconductor Corporation (Nasdaq: AMSC, news, msgs), a leading global supplier of superconductor products and power electronic switches for the electric power industry, today reported financial results for the second quarter of fiscal 2002, ended September 30, 2001.

Net revenues for the second quarter of fiscal 2002 were $3.26 million compared with $4.72 million for the second quarter of fiscal 2001. The net loss for the second quarter of fiscal 2002 was $9.12 million, or $0.45 per share, compared with a net loss of $5.04 million or $0.25 per share for second quarter of fiscal 2001.

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