AMPS - Altus Power beats Q2 top and bottom line estimates; reaffirms FY23 outlook
2023-08-14 07:13:04 ET
- Altus Power press release ( NYSE: AMPS ): Q2 GAAP EPS of $0.04 beats by $0.02 .
- Revenue of $46.51M (+87.5% Y/Y) beats by $2.15M .
- Adjusted EBITDA of $30.6 million for second quarter 2023.
- Adjusted EBITDA margin of 66% for second quarter 2023.
- Outlook: Altus Power reaffirmed 2023 adjusted EBITDA in the range of $97-103 million, representing 70% growth over 2022 at the midpoint. The Company also continues to expect 2023 adjusted EBITDA margin to be in the mid-to-high fifty percent range.
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Altus Power beats Q2 top and bottom line estimates; reaffirms FY23 outlook