Reports Q3 revenue $26.0M, consensus $21.12M. “Q3 results came in above the high-end of our guidance ranges on nearly all metrics,” commented Yann Brandt, President and CEO of FTC Solar (FTCI). “I’m pleased to say that the company remains on a growth trajectory with quarterly revenue up nearly 160% year-over-year and at its highest level in eight quarters; operating income and adjusted EBITDA at the highest levels in 5 years; and a more compelling and complete product offering helping to drive increasing traction with key existing and new customers. Overall, I believe the company continues to make great progress across all aspects of the business, and I am excited about the long-term potential of this company.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTCI:
- FTC Solar publishes white paper on automation-ready construction
- FTCI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Charged: Wall Street analyst initiates ‘must own’ Tesla with a Buy
- Trump Weekly: Generics to be excluded from pharma tariff plan
- Trump Trade: U.S. could cancel additional $12B in clean energy funding