Lower Manufacturing Costs Drive FTC Solar’s Loss Down in Q2 2023
The company's product volume went up while operating expenses dropped
August 10, 2023
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U.S.-based solar tracker systems provider FTC Solar‘s net loss narrowed to $7.2 million for the second quarter (Q2) of the financial year (FY) 2023 from $18.2 million year-over-year (YoY) on the back of reduced manufacturing costs, increased product volume, higher product direct margins, and lower operating expenses.