Solar Tracker Provider FTC Solar’s Q1 Loss Narrows on Lower Cost of Services

Total revenue declined due to lower contributions from engineering services

May 11, 2023

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U.S.-based solar tracker systems provider FTC Solar’s net loss narrowed to $11.8 million for the first quarter (Q1) of the financial year (FY) 2023 from $27.8 million year-over-year (YoY) despite a decline in revenue because the cost of revenue associated with engineering services saw a sharper cut.

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Gourav Mishra

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Solar Tracker Provider FTC Solar’s Q1 Loss Narrows on Lower Cost of Services

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