FTC Solar: Q2 Earnings Insights

FTC Solar: Q2 Earnings Insights

 

FTC Solar FTCI reported its Q2 earnings results on Tuesday, August 9, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

FTC Solar missed estimated earnings by 12.5%, reporting an EPS of $-0.18 versus an estimate of $-0.16.

Revenue was down $19.39 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08 which was followed by a 1.39% drop in the share price the next day.

Here's a look at FTC Solar's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.12 -0.13 -0.19 -0.13
EPS Actual -0.20 -0.17 -0.17 -0.21
Revenue Estimate 61.75M 72.58M 58.96M 44.08M
Revenue Actual 49.55M 101.72M 52.99M 50.11M

To track all earnings releases for FTC Solar visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews