The
company
said
that
increased
revenues
were
driven
by
sales
of
wind
turbine
components
to
China,
Korea
and
India,
as
well
as
grid
technology
to
Romania.
The
company
reported
a
net
loss
of
$10.3m,
mainly
because
of
the
settlement
of
“adverse
purchase
commitments”
with
certain
vendors
worth
$7.3m,
as
well
as
a
$2.4m
“mark
to
market”
charge
reflective
the
re-valuation
of
derivative
liabilities
and
warrants.
This
compares
with
a
net
loss
of
$37.7m
during
the
first
quarter
of
fiscal
2011.
AMSC
says
that
as
of
30
June
it
had
cash
and…
