Sees Q2 adjusted EBITDA ($10.3M)-($6.9M). “We expect third-quarter revenue to be approximately flat to down relative to the second quarter. Gross margin performance will directionally follow revenue and increase with higher revenue or decline if lower, driven by cost absorption. We expect this to be followed by a return to revenue growth in the fourth quarter with margin expansion (above Q2 levels), as production from recent project wins is reflected.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FTCI:
- FTC Solar Announces Second Quarter 2023 Financial Results
- FTC Solar Announces 300MW Tracker Agreement in Spain and Italy to Include Utility-Scale Agrivoltaic Projects
- FTC Solar and Cat Creek Energy Announce 1-Gigawatt Tracker Agreement to Supply Landmark Renewables Project
- FTC Solar to Announce Second Quarter Financial Results Wednesday, August 9, 2023
- Roth MKM sustainability analyst to hold an analyst/industry conference call
