FTC Solar Expects Q3 Revenue To Be Approximately Flat To Down Relative To Q2; Sees Q3 Revenue Of $24.0M-$34.0M, Consensus $73.98M
Portfolio Pulse from Benzinga Newsdesk
FTC Solar has announced that it expects its Q3 revenue to be approximately flat to down relative to Q2. The company forecasts Q3 revenue to be between $24.0M and $34.0M, significantly lower than the consensus estimate of $73.98M.
August 09, 2023 | 10:38 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
FTC Solar's Q3 revenue forecast is significantly lower than consensus estimates, indicating potential financial challenges.
FTC Solar's lower than expected Q3 revenue forecast could indicate financial difficulties, which may negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100