L R AS Published on Saturday 13 May 2023 - n° 445 - Categories:company results, followers
US tracker manufacturer FTC Solar continues to make losses
In the1st quarter, FTC Solar, the American manufacturer of tracking systems, posted sales of 41 million dollars.
(up 56% over Q4 2022), but down 17% overQ1 2022. The ebitda loss reached $7.2m (-$11m in Q4 ). Net loss of $12m (loss of $20m in Q4 2022).
The company launched a new portrait format product, the Solar Tracker Solution, which reduces the need for foundations by up to 36%.
https://www.pv-tech.org/ftc-solar-narrows-adjusted-ebitda-loss-but-revenue-falls-in-q1-2023/
PV Tech of 11 May 2023
