FTC Solar falls as Q3 core loss widens

FTC Solar

12/11/2024 12:37

** FTC Solar's  FTCI.O  shares fall 4.7% to 49 cents
premarket
    ** Co's Q3 adj. core loss widens to $12.2 mln from $9.7 mln
a year earlier
    ** FTCI posts Q3 adj. loss of 10 cents/shr vs est. loss of 9
cents/shr - LSEG data
    ** Co's Q3 revenue falls to $10.1 mln due to lower product
volumes, compared with $30.5 mln a year ago
    ** FTCI expects Q4 revenue to be nearly the same as Q3 or up
to 39% higher
    ** Up till last close, stock down 24.77% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))