FTC Solar Reports Q3 Loss, Projects Revenue Growth

FTC Solar Incorporated, a solar tracking systems maker, reported a significant loss of $23.9 million in Q3, translating to a loss of $1.61 per share. Adjusted for non-recurring costs and stock option expenses, the loss came in at $0.36 per share. The company generated $26 million in revenue during the quarter. Looking ahead, FTC Solar anticipates revenue to fall between $30 million and $50 million in the current quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.