Still recovering from its 2011 fallout with China’s Sinovel, formerly its largest customer, AMSC reduced its net loss in the three months to 31 December to $8.4m – compared to net losses of $20.1m in the year-ago period and $14.6m in the previous quarter.
Revenue grew to $20.6m, from $17.4m a year ago.
The sales growth came from AMSC’s wind segment – and “primarily from customers in India and China” – more than offsetting weak revenues from the company’s grids unit.
The
