FTC Solar Q3 adjusted EPS USD -0.44
FTCI•FTC Solar reported Q3 adjusted EPS of -$0.44, revenue of $32.813 million and an adjusted gross margin of 8.4%; it expects Q4 revenue of $44 million to $52 million.
1. Q3 results and outlook
FTC Solar reported Q3 adjusted income from operations of -$5.181 million and adjusted net income of -$7.557 million. For Q4, it expects adjusted EBITDA from -$3.9 million to zero and an adjusted gross margin of 11.4% to 15.9%.
