FTC Solar slumps on lower forecast, bigger Q2 loss

FTC Solar

08/08/2024 15:40

** Shares of FTC Solar  FTCI.O  down 36.9% at 24 cents
    ** Co says second-half "results will be lower than its prior
expectations as customer projects have seen delays, primarily
related to interconnection or financing"
    ** Expects Q3 revenue to be between $9.0 million and $11.0
million
    ** Co says it now expect to achieve adjusted EBITDA
breakeven on a quarterly basis in 2025
    ** Reports Q2 net loss of $12.2 mln vs loss of 10.4 mln from
a year ago
    ** Including session move, shares down 65.5% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))