February 6, 2017
Devens wind power firm lost $2.8M last quarter
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AMSC, headquartered in Devens, lost $2.8 million in its latest quarter, which ended Dec. 31.
Devens wind and power grid services provider AMSC on Monday announced it lost $2.8 million in the last quarter, a slight improvement from the $3 million it lost in the same quarter 2015.
AMSC’s revenues for the third quarter – which ended Dec. 31 – were $27.1 million, a 5-percent increase from the $25.8 million it made in the same quarter 2015.
The company’s net loss for the third quarter worked out to 20 cents per share, compared to 22 cents per share in 2015.
WBJ Web Partners
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