FTCI - FTC Solar Battles Revenue Blues Eyes Adjusted EBITDA Profitability In Q4 | Benzinga
FTC Solar, Inc. (NASDAQ:FTCI) reported first-quarter FY24 revenue of $12.59 million, missing the consensus of $12.91 million. Revenue declined 45.7% Y/Y due to lower product and logistics volumes.
Total backlog stood at roughly $1.8 billion in the quarter. Adjusted gross loss stood at $(1.7) million compared to adjusted gross profit of $3.0 million in the prior-year period.
Adjusted EBITDA loss came in ...