AMSC Third Quarter 2023 Earnings: EPS: US$0.011 (vs US$0.083 in 3Q 2022)

AMSC (OB:AMSC) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$7.60m (down 66% from 3Q 2022).
• Net income: US$800.0k (down 84% from 3Q 2022).
• Profit margin: 11% (down from 23% in 3Q 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.011 (down from US$0.083 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AMSC Earnings Insights

Looking ahead, revenue is expected to fall by 57% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Shipping industry in Norway.

Performance of the Norwegian Shipping industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 5 warning signs for AMSC you should be aware of.

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