Yahoo Finance FTC Solar Full Year 2023 Earnings: EPS Beats Expectations
FTC Solar (NASDAQ:FTCI) Full Year 2023 Results
Key Financial Results
Revenue: US$127.0m (up 3.2% from FY 2022).
Net loss: US$50.3m (loss narrowed by 50% from FY 2022).
US$0.43 loss per share (improved from US$0.98 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
FTC Solar EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are down 12% from a week ago.
Risk Analysis
You still need to take note of risks, for example - FTC Solar has 4 warning signs (and 1 which is significant) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
