AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — FTC Solar Inc. (FTCI) on Wednesday reported a loss of $11.2 million in its fourth quarter.

The Austin, Texas-based company said it had a loss of 9 cents per share. Losses, adjusted for one-time gains and costs, came to 8 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The solar tracking systems maker posted revenue of $23.2 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $22.8 million.

For the year, the company reported a loss of $50.3 million, or 44 cents per share. Revenue was reported as $127 million.

For the current quarter ending in March, FTC Solar said it expects revenue in the range of $10 million to $15 million.

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