BUZZ-FTC Solar falls as Q3 core loss widens

Reuters
2024-11-12

** FTC Solar's 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;))

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