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FTC Solar sees Q1 revenue $36M-$40M, consensus $38.8M
The Fly

FTC Solar sees Q1 revenue $36M-$40M, consensus $38.8M

Sees Q1 adjusted EBITDA ($10.3M)-($6.8M). "For the second quarter of 2023, we expect to see continued operational improvements. Overall, we continue to believe the ingredients are in place for a very strong industry recovery and long-term growth. The pace of the recovery in our largest market, the U.S., will largely be determined by the pace of improvement for the importation of modules into the U.S. Once improvement does occur at scale, we believe FTC Solar is increasingly well positioned competitively to capitalize on that growth, with a lowered cost-structure, innovative new products, a record pipeline and more than a billion dollars in backlog."

Published first on TheFly

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