Ftc solar announces first quarter 2023 financial results

First quarter highlights and recent developments  revenue growth of 56% quarter over quarter (q/q) gross margin of 5.0%, or 7.3% non-gaap, up >10 points q/q & 57 points over last 2 quarters new pioneer 1p tracker shipping ahead of schedule, with first orders in u.s. and australia project backlog reaches $1.4b, with $235 million added solar module constraints appear to be easing, which is an encouraging sign for 2h'23 into 2024 austin, texas, may 10, 2023 (globe newswire) -- ftc solar, inc. (nasdaq: ftci), a leading provider of solar tracker systems, software and engineering services, today announced financial results for the first quarter ended march 31, 2023. “results for the first quarter came in at the high-end of our target ranges on all metrics,” said sean hunkler, ftc solar president and chief executive officer.
FTCI Ratings Summary
FTCI Quant Ranking