AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — FTC Solar Inc. (FTCI) on Tuesday reported profit of $32.6 million in its first quarter.
On a per-share basis, the Austin, Texas-based company said it had net loss of 72 cents. Losses, adjusted for one-time gains and costs, came to 67 cents per share.
The solar tracking systems maker posted revenue of $17.3 million in the period.
For the current quarter ending in June, FTC Solar said it expects revenue in the range of $22 million to $26 million.
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