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Home » Finance » FTC Solar Narrows Q1 2023 Adjusted EBITDA Loss and Reports Revenue Growth
Finance

FTC Solar Narrows Q1 2023 Adjusted EBITDA Loss and Reports Revenue Growth

By James RichardMay 13, 20232 Mins Read
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Credit: FTC Solar
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US solar tracker system provider, FTC Solar, has announced a narrowed adjusted EBITDA loss of US$7.2 million for Q1 2023. This represents a 24.5% improvement from Q4 2022, where the adjusted EBITDA loss was US$11 million. The company’s revenue for Q1 2023 was US$40.9 million, reflecting a 56% increase from Q4 2022. However, year-on-year, revenue

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EBITDA FTC Solar North America Sean Hunkler Solar US
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Previous ArticleNextracker doubles adjusted EBITDA to $209m in FY2023, driven by strong US operations and backlog of contracts
Next Article SSE Renewables to Build Second Battery Storage Project at Iconic Ferrybridge Site in West Yorkshire, UK

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