FTC Solar’s Q3 Loss Widens to $25.6 Million

Total backlog stands at $961 million at the end of Q3

November 10, 2022

/ Gourav Mishra
/ Finance and M&A, Solar
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U.S.-based solar tracker systems provider FTC Solar’s Q3 GAAP (generally accepted accounting principles) net loss widened to $25.6 million compared to $22.9 year-over-year (YoY) due to low demand induced by regulatory hurdles.

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Gourav Mishra

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