American Superconductor Corporation revised preliminary financial guidance for the third fiscal ended December 31, 2014. AMSC expects its revenues will be approximately $21 million, which is above the company's previously guided range of $18 million to $20 million. The company expects its net loss for the third quarter of fiscal 2014 to be between $6.5 million and $7.0 million, or $0.07 and $0.08 per share.

Net loss includes a mark-to-market gain of approximately $2.3 million related to the revaluation of the company's outstanding warrant liability. The company expects that its non-GAAP net loss will be between $10.0 million and $10.5 million, or $0.11 and $0.12 per share. The company's previous guidance of a net loss of less than $12.5 million and a non-GAAP net loss of less than $11.5 million.