FTC Solar (NASDAQ:FTCI) reported its Q1 earnings results on Tuesday, May 10, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
FTC Solar missed estimated earnings by 66.67%, reporting an EPS of $-0.2 versus an estimate of $-0.12.
Revenue was down $16.15 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 11.57% increase in the share price the next day.
Here's a look at FTC Solar's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.13 | -0.19 | -0.13 | -0.07 |
| EPS Actual | -0.17 | -0.17 | -0.21 | -0.10 |
| Revenue Estimate | 72.58M | 58.96M | 44.08M | 64.10M |
| Revenue Actual | 101.72M | 52.99M | 50.11M | 65.71M |
To track all earnings releases for FTC Solar visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
