company results, followers

US tracker manufacturer FTC Solar continues to make losses

Published on Saturday 13 May 2023 | Article n°445

In the1st quarter, FTC Solar, the American manufacturer of tracking systems, posted sales of 41 million dollars.

(up 56% over Q4 2022), but down 17% overQ1 2022. The ebitda loss reached $7.2m (-$11m in Q4 ). Net loss of $12m (loss of $20m in Q4 2022).

The company launched a new portrait format product, the Solar Tracker Solution, which reduces the need for foundations by up to 36%.

PV Tech of 11 May 2023

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