FTC Solar, Inc. Reaffirms Earnings Guidance for the Full Year 2022 and Provides Earnings Guidance for the First Quarter of 2022
March 15, 2022 at 06:30 am EDT
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FTC Solar, Inc. reaffirmed earnings guidance for the full year 2022 and provided earnings guidance for the first quarter of 2022. The company's guidance for the full-year 2022 remains unchanged from the figures first provided during January 18, 2022 business update call. The company expected revenue to be in the range of $415 million to $460 million.
For the first quarter of 2022, the company expected revenue to be in the range of $55 million to $65 million.
FTC Solar, Inc. is a provider of solar tracker systems, technology, software, and engineering services. It offers trackers and software solutions targeting the utility-scale solar energy markets to customers in the United States, Asia, Europe, the Middle East, North Africa, South Africa and Australia. It is engaged in the sale of solar tracker systems and customized components for those systems, individual part sales for certain specific transactions and the sale of term-based software licenses. Its tracker system is marketed under the Voyager brand name (Voyager), which is built upon a self-powered, two-panel in- portrait (2P) single-axis tracker design utilizing a 60-meter independent row architecture. In addition, its Pioneer 1P solar tracker solution leverages the technological advantages of Voyager. It also offers shipping and handling services, engineering consulting and pile testing services, subscription-based enterprise licensing and maintenance and support services.
FTC SOLAR, INC. 
