Deliveries to Inox in India were 47% of $23.7m revenue in the quarter, with 25% coming from JCNE in China. Most of the balance came from AMSC’s grid business.
Net loss a year ago was $13.5m, or $1.74 per share, on $11.7m revenue.
Chief executive Daniel McGahn is bullish on AMSC’s wind business in India, noting that the macroeconomic climate there is favorable for renewable energy development and Inox believes it has the largest order book of any vendor for turbines..
“The
