FTC Solar, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 10, 2022 at 06:49 am EDT
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FTC Solar, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 49.55 million compared to USD 65.71 million a year ago. Net loss was USD 27.79 million compared to USD 7.44 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 0.11 a year ago.
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. 
