FTC Solar Reports Q3 Adjusted Net Income
Story updates
11:32:15 AM UTC
SquawkNews
FTC SOLAR Q3 ADJUSTED INCOME FROM OPERATIONS USD -5.181 MILLION
11:32:26 AM UTC
SquawkNews
Nov 04 (Reuters) - FTC Solar Q3 adjusted income from operations USD -5.181 million.
11:43:26 AM UTC
SquawkNews
FTC Solar reported third-quarter 2026 revenue of $32.8 million, up 26.1% year over year, and GAAP net income of $6.7 million. GAAP gross profit was $1.9 million, while Adjusted EBITDA was a loss of $5.2 million. The company forecast fourth-quarter revenue of $44 million to $52 million and said it e…