AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — FTC Solar Inc. (FTCI) on Thursday reported a loss of $33.7 million in its fourth quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of $2.23. Losses, adjusted for non-recurring costs and stock option expense, were 17 cents per share.
The solar tracking systems maker posted revenue of $32.9 million in the period.
For the year, the company reported a loss of $76.9 million, or $5.49 per share. Revenue was reported as $99.7 million.
For the current quarter ending in March, FTC Solar said it expects revenue in the range of $20 million to $25 million.
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