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Stock impact report

FTC Solar Inc (FTCI) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... [Yahoo! Finance]

FTC Solar, Inc. (FTCI) 
Company Research Source: Yahoo! Finance
Non-GAAP Gross Loss: $3.9 million or 38.3% of revenue. GAAP Operating Expenses: $10.7 million. Non-GAAP Operating Expenses: $8.1 million, down from $13.2 million in the same quarter last year. GAAP Net Loss: $15.4 million or $0.12 per diluted share. Adjusted EBITDA Loss: $12.2 million. Cash on Balance Sheet: $8.3 million at the end of the quarter. Additional Cash Earnout: $4.7 million received after quarter end. Promissory Note Agreement: $15 million five-year note with 11% interest per annum. Q4 Revenue Outlook: Between $10 million and $14 million. Q4 Non-GAAP Gross Loss Outlook: Between $4.2 million and $1.5 million. Q4 Adjusted EBITDA Loss Outlook: Between $13.7 million and $9.9 million. Warning! GuruFocus has detected 4 Warning Signs with FTCI. Release Date: November 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript FTC Solar Inc ( NASDAQ:FTCI ) has entered into a binding agreement to add addit Show less Read more
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