Solar Tracking Systems Company FTC Solar’s Revenue Dips 25% in Q1 2022

The U.S.-based solar tracker systems provider incurred a net loss of $27.7 million

May 11, 2022

/ Gourav Mishra
/ Finance and M&A, Solar
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U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $49.5 million in the first quarter (Q1) of 2022, a year-over-year (YoY) drop of 25%compared to $65.7 million in the same quarter last year.

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Gourav Mishra

More articles from Gourav Mishra.
EarningsFTC Solarquarterly resultsrenewablesUnited States
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