FTC Solar Says Disappointed That Customer Project Delays Have Impacted Near-Term Revenue
Portfolio Pulse from Benzinga Newsdesk
FTC Solar has expressed disappointment over customer project delays that have impacted its near-term revenue. The company, listed as FTCI, did not provide further details on the extent of the impact.
August 09, 2023 | 10:39 am
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NEGATIVE IMPACT
FTC Solar's near-term revenue is impacted by customer project delays. The extent of the impact is not specified.
FTC Solar's revenue is directly tied to the completion of customer projects. Delays in these projects mean that the company is unable to recognize revenue from them, which could negatively impact its financial performance and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100